customersuccess@taxmantra.com
+91 9230033070 
Toll Free: 
Contact Us
News & FAQs
Income Tax Slab for FY 2010-11 & FY 2011-12 – March 2011 & March 2012
Corporate Law & Intellectual Property Rights | By ALOK PATNIA | May 5, 2011
Tax slab of the current assessment year (AY) i.e., AY 2011-12 and current financial year (FY) i.e., FY 2011-12 is similar for the women a...
No requirement for Individuals to declare high value transactions in ITRs – CBDT
News & FAQs | By ALOK PATNIA | May 5, 2011
The Central Board of Direct Taxes (CBDT) has given a breather to individual tax payers from declaring high-value transactions with banks,...
Pay taxes on expenses incurred for marriage
News & FAQs | By ALOK PATNIA | May 1, 2011
In our country it is common to incur astonishing amount of expenditure at the time of marriages, both from bride’s side and also from b...
Important points to note with regard to gifts received – Income Tax Act
News & FAQs | By ALOK PATNIA | May 1, 2011
The income tax act provides excellent opportunity for tax planning and also for creating wealth, by way of exemption granted with respect...
Taxability of gifts received – Indian Income tax Act
News & FAQs | By ALOK PATNIA | May 1, 2011
The provision states that, if the aggregate sum of money received during any financial year without consideration exceeds Rs. 50,000 by a...
List of Tax Free Incomes for Individual Taxpayers – II
News & FAQs | By ALOK PATNIA | Apr 28, 2011
• Income of a mutual fund set up by a public sector bank or public financial institution ; • Income of the notified exchange risk adm...
List of Tax Free Income for Individual Taxpayers – I
News & FAQs | By ALOK PATNIA | Apr 28, 2011
• Agricultural income; • Payment received from family income by a member of a Hindu Undivided Family; • Share of profit from a firm...
Return of income/ Tax Returns for FY 2010-11 – Changes and things to do
Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 28, 2011
The Income Tax Provision casts a responsibility on all individuals to file their return of income/ tax returns, having taxable income exc...
Claim securities transaction tax (STT) as business expense and not as tax paid
News & FAQs | By ALOK PATNIA | Apr 22, 2011
The treatment of STT would depend whether the transaction made in shares or mutual fund are treated as business income or capital gain. S...
Investment in your Child's name, clubbing of income and taxability
News & FAQs | By ALOK PATNIA | Apr 20, 2011
If you invest for your child, any income that is earned from this investment will be clubbed with your income and you will have to pay ta...
Child Actors/ Models need to file their return of income- Clubbing provisions not applicable
News & FAQs | By ALOK PATNIA | Apr 19, 2011
The income of minor children is required to be clubbed with income of the parent, whose income is higher. The following are the exception...
No need to file tax returns for income up to Rs 5 lakh, still required to file for refund cases
News & FAQs | By ALOK PATNIA | Apr 18, 2011
Taxpayers with annual income of up to Rs. 5 lakh will not be required to file returns, a move that will provide relief to around 70 to 80...
Download Ebook
