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Some say that ‘tax and death’ are inevitable…. As a good and responsible citizen, it is our bounden duty to pay our taxes promptly….there are direct and indirect taxes and for those of us – whose life entirely dwells on...

Held The Assessee brought to the notice of the CIT(A) a CBDT Circular subsequent to the insertion of sub-section (3) in section 45 of the Act, viz., circular bearing No. 495 dated September 22, 1987, (1987) 168 ITR (St.) 87, wherein it was stated thus...

​What are allowances? Are all allowances taxable? – INCOME TAX FAQ ​What is considered as salary income? ​​​ section 17​​ of the Income-tax Act defines the term ‘salary’. However, not going into the technical definition, generally whatever is received...

Former IRS Special Agent Reflects On Shared Birthday With Income Tax Joseph Ronald Banister is a former special agent of the Criminal Investigation Division of the Internal Revenue Service and IRS whistleblower. Banister resigned from the IRS and later...

TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii) GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE (CENTRAL BOARD OF DIRECT TAXES) Notification No. 74/2013 New Delhi, the day of 20th September, ...