Friday, 30 March 2012

NEW RETURN FORMS FOR ASSESSMENT YEAR 2012-13

Get the Income tax return form (other than company ) for AY 2012-13

http://law.incometaxindia.gov.in/DITTaxmann/IncomeTaxRules/PDF/Ay-2012-2013/itr62Form1-9New2012-13.htm

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Section 56(2)(ix): Forfeiture of Advance Money Received – A Critical Analysis

The Dual Conditions for Taxability Section 56(2)(ix) of the Income Tax Act imposes tax liability on sums received as advance or otherwise du...