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Is compensation received from employer taxable?

There are judicial precedents where it has been held that if payment is made for temporary disablement, it would be taxable, points out Tinesh Bhasin. Illustration: Dominic Xavier/Rediff.com......

5 key mistakes to avoid while filing I-T returns

Incomes such as dividend, interest on tax-free bonds, eligible gifts etc should also be reported even though they are tax exempt, suggests Sanjay Kumar Singh. Photograph: Kind courtesy, Presidio......

A rare case, when I-T withdrew money from start-up accounts

It’s not unusual for the tax departments to freeze bank accounts and there have been instances of the authorities recovering the outstanding from the bank, though such course of action is not......

A MUST read for all property sellers

Besides LTCG tax relief, permitting taxpayers to declare two houses as self-occupied brings a huge relief. The rationalisation of property-related taxes is the most significant sop that stand-in......

Buying property from an NRI? IMPORTANT tax tips!

Both NRIs and those who make payouts on sale of property need to understand the TDS provisions that are applicable or risk punishment, warns Sanjay Kumar Singh.Illustration: Uttam Ghosh/Rediff.com......

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