Don't be intimidated by the long form if you have a small turnover and limited clients. Here's how to go about it. The new income tax return form, ITR-4, for professionals can be intimidating. The......
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......
Once the income has been classified as either business income or capital gains, be consistent. In a move that is likely to reduce litigations between investors and the income-tax department, the......
Whether you give stocks held for more/less than a year, benefits are nominal; donating cash is better. IMAGE: From a tax perspective, it would be a good idea to donate money rather than stocks.......
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......