Taxation Services

Our sophisticated tax department provides a level of technical shills of the highest order supported

Income Tax

Income tax, this tax is mostly known to everyone. Every individual whose total income exceeds taxable limit has to pay income

Latest News

  • Income Tax department clarifies on capital gains for 2000-13 period

    With an aim to reduce litigation and easing burden of compliance, the Income-Tax Department said the amount received on buyback of shares between period April 1, 2000 and May 31, 2013  will be taxed as capital gains and not dividend in the hands of the recipient.

    "On the issue of consideration received on buyback of shares between the period April 1, 2000 to May 31, 2013 it has been clarified that such consideration will be taxed as capital gains in the hands of the recipient. Such amount will therefore not be treated as dividend. No fresh notice will be issued by the Department on this matter," a finance ministry statement said. It would mean that the amount received by the companies between April 1, 2000 and May 31, 2013 will be subject to capital gains tax, it added.

TDS Returns

A TDS Return is a quarterly statement which has to be submitted to the income

PAN Card

Permanent Account Number (PAN) is a ten-digit alphanumeric number, issued

Thought of Day

     

    DEATH AND TAXES MAY BE INEVITABLE BUT THEY SHOULDN'T BE RELATED