Category Archives: Tax

Income Tax Basics Income Person – One who earns Income Types of Income Types of Assessment Normal Procedure of Taxation Income Tax Return (ITR) Need for Checking by IT Dept Self Assessment Scrutiny Assessment Best Judgment Assessment Reassessment Example Concluding … Continue reading →

Fringe Benefits are the benefits that are enjoyed by the people working in the organisation, without getting directly accountable for the benefits enjoyed. For example, it may have happened that you have gone to your Dad’s office, and decided that … Continue reading →

Recently in the Budget Proposals for FY 2005-06 the Union Finance Minister of India, Mr. P. Chidambaram, made one of the proposals relating to putting a tax of 0.1 percent for any cash withdrawal over Rs. Ten Thousand from ones … Continue reading →