It is very easy to view the email of the notices issued by the Income tax department and even respond to the same by logging... Read More
As an example of the Sections 68 and 69C of the Income Tax Act of India, 1961, the case of CIT Vs Ashish International (Bombay High... Read More
One of the most powerful weapons for the Income Tax Department of India is the power of search and seizure. This power enables the authorized... Read More
CBDT declares that no disallowance for exempt income if the securities are stock-in-trade
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The Special Jurisdiction (Income Tax) of the Hon’ble High Court at Calcutta, Original side, with reference to the circular dated 11.02.2014 passed by the Central... Read More
The recent budget 2017 proposes to bring in force Section 269ST in view of curtailing black money transactions by penalizing Penalty for Cash Receipts exceeding Rs... Read More
In continuation to our guide focusing on preparing for CA Final exams, we hereby present to you Part 2 of the same covering Group 2.... Read More
It was the only and the first budget ever in the history of independent India to be presented on the 1st February. Finance Minister Shri Arun... Read More
Can a business established in an SEZ sell goods in Domestic Tariff Area (DTA) that is within the country, and still claim all the tax... Read More
This would be the last nail in the coffin for FMCG (Fast Moving Consumer Goods) sector that has already been suffering from demonetisation side effects. The... Read More
Tax is computed on the salary which is received during the year. Sometimes the employee receives the salary in arrears or advance. When the salary is received from the employer... Read More