Personal Finance »Taxation
  • 02 May 16
    04:08 AM
    Professionals, unlike the salaried, have it a little tougher when it comes to filing income tax returns. This is because of the intricate documentation one has to maintain. One look at the information sought in the lengthy ITR-4 can be daunting.
  • 10 Apr 16
    10:08 PM
    Filing income-tax returns is not a pleasant job for most, even for those who have no income to show other than salaries. And, the continuous changes in the income-tax returns form, often, makes the filing process more complicated.
  • 09 Apr 16
    11:03 PM
    The taxation of severance pay has many a times been a point of dispute between the recipients and the Income Tax authorities.
  • 28 Mar 16
    04:15 AM
    Section 143 of the Income Tax Act, 1961 deals with the assessment procedure of the return filed by a taxpayer.
  • 21 Mar 16
    05:10 AM
    With March 31 approaching fast, most employees should ideally have given all their tax planning proof to their respective companies. If you have still not done so, it's time to rush.
  • 17 Mar 16
    10:47 PM
    Ideally, for six years, if it is a normal scrutiny or assessment, but can be up to 16 years if it is income from foreign income or concealed income, say experts.
  • 16 Mar 16
    05:26 AM
    On the one hand, the government is trying to reduce litigation by giving additional freedom to income-tax assessees and reducing penalties. On the other, the assessing officer (AO) has been given unlimited powers in certain situations.


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