Tag Archives: Section 159

Income declared in return by Mistake can not be taxed

By | August 5, 2015
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Question: Whether Income declared in return by Mistake  can be taxed ? If a particular income is not chargeable to tax in hands of a person as per law, then same cannot be taxed merely on reason of such person inadvertently filing return declaring some income The judgment of the Hon’ble Supreme Court in ITO v.… Read More »

Who will file the income tax return in case of Death of Person

By | August 3, 2015
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Legal heirs need to file income tax return in case of Death of Person Question : Whether Income Tax Return has to be filed in case the person dies? Its not only the living who have to pay their taxes. If one of your family members has died during the financial year and s/ he… Read More »