Income Tax

In case of UCO Bank v. Union of India  Where lit­i­gant deposit FD with the bank on direc­tions of Court,

An Indi­vid­ual & an HUF can Claim deduc­tion under Sec­tion 80C by invest­ing in FD for more than 5 years

For Assess­ment Year 2015–2016 Sl No Par­tic­u­lars Thresh­old Lim­it A. BASIC EXEMPTION 1. Max­i­mum amount of income which is not chargeable

The Income Tax depart­ment is like­ly to ini­ti­ate pros­e­cu­tion against close to 300 peo­ple whose names have been sub­mit­ted to

Income Tax Rates/Slabs for A.Y. (2001–02) Slab ((Rs) Tax (Rs) Sur­charge Total Income>Rs. 60,000 Sur­charge Total Income>Rs. 1,50,000 Less than

No dis­al­lowance can be made u/s 14A of Income – tax Act, 1961 if there is no exempt income is

AO can­not made reassess­ment u/s 147 of the Income–tax Act, 1961 only on the ground that there is escape­ment of

TDS Rate Chart Finan­cial Year 2014–15 & AY 2015–16 Nature of Pay­ment Made To Res­i­dents Thresh­old Lim­it (Rs.) Company /