Karan Batra


Form 16 TDS Certificate & How to verify Form 16 online?

Form 16 is a TDS Certificate issued by the employer deducting the TDS while making payment to an employee. As per the Income Tax Act, every employer at the time… Read more

TDS on Contractor

TDS on Payment to Contractor under Section 194C

At the time of making any payment, TDS is required to be deducted by the person making the payment. The rate of TDS depends on the nature of payment made… Read more


ITR 4S (SUGAM): How to submit online in 2016

ITR 4S also called as SUGAM is an Income Tax Return Form is mainly filed by taxpayers who do not maintain regular books of accounts and compute their income under… Read more

Section 139(9)-Defective-Return

ITR 2 Form: How to submit online in 2016

The Due Date for filing ITR 2 Form is 31st July of the assessment year. So if you are filing your income tax return for the financial year 2015-16, the due… Read more


Official Income Tax Software – Free Download

With the govt having mandated compulsory e-filing of income tax returns of all assesses with Income over Rs. 5 Lakhs pa, manual filing of income tax returns has reduced drastically… Read more


Benefit of Minor PAN Card, Procedure to Apply & Income Tax

Most of the Indians are under the impression that a PAN Card can only be allotted once a person turns 18 years of age. However, this is a myth as… Read more


Tax on Sale of Property in India:- Guide to All Taxes

At the time of any real estate transaction, there are several taxes on sale of property. Some of these taxes on sale of property are to be borne by the… Read more


No Income Tax on Medical Reimbursement up to Rs. 15,000

Some employers provide medical reimbursement facility to their employees for the medical expenses incurred by the employees. This article explained the levy of Income Tax on Medical Reimbursement provided by… Read more


ITR Java Utility for Income Tax efiling in 2016: Download Now

The Income Tax Department releases the updated ITR Utility every year for online income tax efiling which can be downloaded free of cost. Till now, the ITR Utility Sofware was… Read more

Rajiv Gandhi Equity Saving Scheme

Section 80CCG: Rajiv Gandhi Equity Saving Scheme (RGESS)

To promote the Retail Investor to invest in Shares and Mutual Funds, the Govt has introduced the Rajiv Gandhi Equity Saving Scheme (RGESS) which allows a deduction under Section 80CCG… Read more

Loss from House Property

Loss from House Property: Income Tax Treatment

Loss from House Property is a fairly popular scenario and commonly arises while filing the Income Tax Return. In this article, we would mainly be focussing on the Reason for Loss… Read more


Section 80GGA: Deduction for Donation for Research/ Development

Deduction under Section 80GGA is an Income Tax Deduction for Donations made for Scientific Research or Rural Development. The whole amount given as donation to the institutions specified under Section… Read more


5 Heads of Income for Computation of Income Tax

As per Section 14 of the Income Tax Act, for the purpose of charging of tax and computation of total income, all incomes are classified under the following 5 Heads… Read more

income from house property deduction

Income from House Property: Deductions allowed

The rent received from any property (whether commercial or residential) is taxable as Income from House Property and deductions are also allowed from such income. The manner of computation of… Read more


Procedure for availing Exemption in CA IPCC, CA Final Exams

There have been a whole lot of rumours with respect to Exemption in CA IPCC & CA Final Exams, its applicability, its details etc. To clear all such rumours, Chartered Club… Read more