Kamal Rathi, Deccan Chronicle

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The I-T department had earlier issued notices to over 80 stock brokers after it found tax evasion.

Tax matters: Payment of penalty doesn't lower taxable salary income

Anything over and above the limit specified above will be taxable under income from other sources.

30 Jan 2019 7:50 PM

Commissionerate of TDS, Peeyush Sonkar (IRS) however, warned against those who do not pay taxes as per the deadlines.

Tax matters: Not liable to capital gains tax on property gifted by...

I want to know whether these transfers will attract Capital Gains Tax and/or Gift tax either in my hands or my sister.

18 Jan 2019 7:40 PM

Commissionerate of TDS, Peeyush Sonkar (IRS) however, warned against those who do not pay taxes as per the deadlines.

Tax matters: NSC deduction can be claimed

NSC deduction can be claimed

28 Nov 2018 11:27 PM

The uncollected demand is rising despite clear provisions in the Income Tax Act to enforce collection and recovery of outstanding demand viz.

Tax matters: Uncle's gift is tax free

Money or movable property immovable property without consideration or for inadequate consideration

19 Nov 2018 11:20 PM

The Income-Tax Department has sent out letters to more than 10,000 assessees, most of them pensioners, for attempted tax evasion, especially on income from sources other than pension.

Tax matters: Use previous owner's price

The capital gains tax liability can be avoided or reduced by generally investing the LTCG in -

14 Nov 2018 2:16 AM

Further, you will be eligible to substitute the value of the land as on April 1, 2001, based on the valuation rate adopted by the registering authorities. (Representional Image)

No capital gains tax on agriculture land sale

As per Section 2(14) of the Income-Tax Act, the term capital asset does not include agriculture land in India.

20 Sept 2018 7:37 PM

Any taxpayer who is in receipt of pension from his former employer shall be entitled to claim a deduction of Rs 40,000.

Tax matters: Encashment of in-service earned leave is fully taxable

The encashment of leave during the service is fully taxable even in the hands of a government employee.

8 May 2018 6:56 PM

Tax

Tax matters: No advance tax for elderly

Standard deduction is only for those having income from salary or pension.

1 March 2018 8:41 PM

The 17-storied TVH Quadrant is currently one of the premium residential projects in Chennai with starting price of a 3-BHK flat costing Rs 5.5 crore. (Photo: Representational Image)

Biz loss can be carried forward

The cost of acquisition of your flat includes the registration and stamp duty charges.

22 Feb 2018 8:22 PM

Tax for minors income. (Representational Image)

Parent must pay tax for minor's income

Question and Answer

14 Feb 2018 10:51 PM

The TS government is determined to bring officials involved in commercial taxes scam to book, though some are now working for the AP government.

Tax matters: Royalty gets tax concession

Income in respect of any book to qualify for deduction under this section should be a work of literary, artistic or...

7 Dec 2017 10:05 PM

The scheme provides an opportunity for settlement of cases emanating from retrospective amendment of tax laws, by asking companies to pay the basic tax demand and get waiver on interest and penalty.

Tax matters: No sop for policy to grandchild

House rent allowance can be claimed by a person even if he owns a property at the place of his occupation.

2 Jun 2016 9:37 PM