Income tax solution in the Net

Incometaxinfo.com, a premier vortal exclusively dedicated to income tax, is the first of its kind that is totally focussed on income tax thereby providing the Indian taxpayers with complete and indepth information on different aspects of the subjects.

The site was conceived by a group of legal luminaries to provide information on different facets of the subject in India. The site will be regularly updated and looked after by a dedicated team led by Narayan Jain, who has co-authored `How to handle income tax problems' (now in its 9th edition) and `Practical Guide to VDIS - 1997' along with his co-author, Dilip Loyalka.

SC Mishra, Former Director General, Income Tax Department, who heads the panel of experts, will guide the site. The other members of the expert panel are all eminent professionals. 

Speaking at the launch of incometaxinfo.com, SC Mishra, Chairman, Expert Panel said, "Income tax law is perceived to be complex. The relevant literature for compliance of tax laws is not easily available. With the exponential increase in taxpayers in recent years, there has been a felt need to have a taxpayer friendly source of information. The vortal
incometaxinfo.com is an answer to the doubts and questions that arise in the minds of a tax payers."

Incometaxinfo.com gives in-depth information on different aspects of income tax. Information on tax rates, cost inflation index, government schemes, appeal fees, specimen petitions to name a few, is available in the section on direct taxes.

The Indian diaspora can now get all the information they want about income tax from anywhere in the world by logging on to the NRI taxation section of
incometaxinfo.com. The special section gives the full text of the double taxation avoidance agreements entered by India with various countries.

More than 1500 questions spread over 50 topics have been answered under FAQs while the section on tax statutes gives details on Income Tax Act, Wealth Tax Act, Expenditure Tax Act, FEMA and others. For the convenience of the taxpayer the site also provides forms which can be easily downloaded or filled online.