Tag: Income Tax Act

Income Tax Offices will remain open on Saturday i.e. 31-3-2012 to ease filing of returns.

The Financial Year 2011-12 closes on 31-3-2012 which is falling on Saturday. All the Income Tax Offices throughout India shall remain open on this day and the receipts counters shall also work during normal office hours. This direction is issued for administrative convenience by the Central Board of Direct Taxes in exercise of powers conferred […]

Facts About Taxable Income

Income is very broad term. If we talk about salaried person, the payment and facilities he or she received is said as his or her income. In case of businessman, the net profits will constitute income. Dividend, Commission and Interest etc are also called income. In Income tax act, income is categorized into 5 different […]