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How to deal with an income tax notice

Prepare your replies with expert help, if necessary.Keep relevant documents ready to support your replies, experts tell Sanjay Kumar Singh. The government has asked banks to provide information to......

Fair market value formula not that fair: Experts

It could create trouble for both taxpayers and tax department in different situations Tax consultants and experts are seeing various irritants in the draft rules on calculation of fair market value......

Rules get tighter for claiming HRA, LTA

Employees now needed to furnish evidence and information related to deductions they claim In order to track bogus documents submitted by salaried taxpayers to claim deductions, the income tax......

Why you should deduct tax at source while buying property

Else, you’ll need to pay from own pocket with interest and penalty, notes Tinesh Bhasin On receiving a notice from the Income Tax Department, a client of Rajiv Jain, a chartered accountant,......

How to make filing income tax returns easier

Taxpayers might face several issues while filing returns this year. A vacation to an exotic foreign destination could become stressful, if you are busy collecting bills to show as expenditure while......

Rediff News

Jiger Saiya

News for Jiger Saiya

How to deal with an income tax notice

Fair market value formula not that fair: Experts

Rules get tighter for claiming HRA, LTA

Why you should deduct tax at source while buying property

How to make filing income tax returns easier

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