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How to View Income Tax Certificate of Appreciation

Income Tax : Learn how to view your Income Tax Certificate of Appreciation for AY 2016-17 and onwards. Follow these steps to access and downloa...

January 4, 2020 81849 Views 6 comments Print

Residential Status of an Individual- Q & A

Income Tax : Residential Status of an Individual under Income Tax Act, 1961 One of the most basic yet very important topic in direct taxation i...

December 29, 2018 13128 Views 0 comment Print

Agricultural Income – Tax treatment / Taxability

Income Tax : Agriculture income is exempt under the Indian Income Tax Act. This means that income earned from agricultural operations is not ta...

August 31, 2018 1567593 Views 208 comments Print

Taxation of Agricultural Income- Detailed Analysis

Income Tax : 1. Agricultural Income in India is Exempt from Income Tax u/s 10(1) of Income Tax Act, but agricultural income from outside India...

August 29, 2018 67595 Views 3 comments Print

Changes to Indian exchange regulations relating to receipt and remittance of remuneration outside India

Fema / RBI : Payment of salary outside India to employees of a foreign company who are on secondment to an office, branch, subsidiary or joint ...

December 5, 2009 1924 Views 0 comment Print


Latest News


KTA Demands Roll Back to Old Income Tax Portal

Income Tax : Karnataka Taxpayers Association has released a Press note and stated that New Income Tax Filing Portal  has  crashed within an H...

June 11, 2021 17220 Views 33 comments Print

Report Misuse of your Income Tax e-Filing account

Income Tax : If you think your e-Filing account may have been compromised or accessed in an unauthorized manner, then you may be a victim of cy...

September 13, 2020 942 Views 0 comment Print

Vodafone – Overseas transactions between two foreign companies cannot be taxed in India under present Income Tax Act

Income Tax : Resuming its arguments against Rs 11,000-crore tax demand by the Income Tax (I-T) department, the British telecom giant Vodafone t...

August 4, 2011 1277 Views 0 comment Print

Bonus stripping under the Income tax lens

Income Tax : After taxing investors for dividend stripping, the Income Tax (I-T) Department is gearing up to tax bonus stripping. Official sour...

January 13, 2010 5755 Views 0 comment Print


Latest Posts in indian income tax

KTA Demands Roll Back to Old Income Tax Portal

June 11, 2021 17220 Views 33 comments Print

Karnataka Taxpayers Association has released a Press note and stated that New Income Tax Filing Portal  has  crashed within an Hour of Launching & till date not repaired. It further states that New Portal is neither user friendly and not properly developed. KTA demanded for Roll back of Old Income Tax Portal, so as to […]

Report Misuse of your Income Tax e-Filing account

September 13, 2020 942 Views 0 comment Print

If you think your e-Filing account may have been compromised or accessed in an unauthorized manner, then you may be a victim of cybercrime. Please report the incident to the concerned police or cyber-cell authorities as a first step.

How to View Income Tax Certificate of Appreciation

January 4, 2020 81849 Views 6 comments Print

Learn how to view your Income Tax Certificate of Appreciation for AY 2016-17 and onwards. Follow these steps to access and download your certificate.

Residential Status of an Individual- Q & A

December 29, 2018 13128 Views 0 comment Print

Residential Status of an Individual under Income Tax Act, 1961 One of the most basic yet very important topic in direct taxation is determining the residential status of the assessee. This concept will act as a foundation for Calculating Taxable income and calculation of tax thereon. In this article let us discuss the provisions of […]

Agricultural Income – Tax treatment / Taxability

August 31, 2018 1567593 Views 208 comments Print

Agriculture income is exempt under the Indian Income Tax Act. This means that income earned from agricultural operations is not taxed. The reason for exemption of agriculture income from Central Taxation is that the Constitution gives exclusive power to make laws with respect to taxes on agricultural income to the State Legislature. However while computing tax on non-agricultural income agricultural income is also taken into consideration.

Taxation of Agricultural Income- Detailed Analysis

August 29, 2018 67595 Views 3 comments Print

1. Agricultural Income in India is Exempt from Income Tax u/s 10(1) of Income Tax Act, but agricultural income from outside India is taxable. As per entry number 82 of Union List, Central Govt. shall have the powers to levy income tax on any income except agricultural income.

USA is not a person or authority under the Indian Income Tax Act

August 18, 2017 1401 Views 0 comment Print

USA is not a person or authority under the Indian Income Tax Act, subsidy or grant received from it does not attract Explanation 10 to section 43(1), extraction of coal from mines and processing thereof tantamounts to production

Vodafone – Overseas transactions between two foreign companies cannot be taxed in India under present Income Tax Act

August 4, 2011 1277 Views 0 comment Print

Resuming its arguments against Rs 11,000-crore tax demand by the Income Tax (I-T) department, the British telecom giant Vodafone today contended before the Supreme Court that the present Indian income tax laws do not cover gains from overseas transactions. Senior advocate Harish Salve appearing for Vodadfone submitted before the apex court that under the present Income Tax Act, overseas transactions between two foreign companies cannot be taxed and it could be done by only by bringing a new law by Parliament.

Bonus stripping under the Income tax lens

January 13, 2010 5755 Views 0 comment Print

After taxing investors for dividend stripping, the Income Tax (I-T) Department is gearing up to tax bonus stripping. Official sources say scrutiny of returns filed by companies, brokers and individuals active in the stock markets and in possession of shares revealed wide use of this mechanism to evade tax.

Changes to Indian exchange regulations relating to receipt and remittance of remuneration outside India

December 5, 2009 1924 Views 0 comment Print

Payment of salary outside India to employees of a foreign company who are on secondment to an office, branch, subsidiary or joint venture in India (Indian entity) of the foreign company. The remittance of salary received by foreign nationals whilst resident in India who are employees of Indian companies.

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