Permanent Account Number- How to Acquire Application Form for Duplicate PAN Card
Permanent Account Number (PAN) Card is an ID card issued to the Indian citizens by the Indian Income Tax Department. This PAN Card has got... Read More
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Transfer pricing rules in India
4 min read
Commercial transactions between the different multinational groups may not take place through the same market forces existing between the two independent companies. One company often... Read More
A very common question that comes in one’s mind is that if someone claims a deduction for House Rent Allowance (HRA) against his taxable income,... Read More
The structure of the India Tax system is quite simple, detailed but differentiable in power among State, Central, and other local governments. There are some... Read More
1. What is Withholding tax? According to the new provision, 1% TDS has to be deducted on the purchasing price by the buyer of the... Read More
Which Is Better: Will or Gift Deed?
2 min read
Query: I own a plot of land purchased from my own income and i wish to give it to one of my two sons. Please... Read More
Filing of revised return after issue of notice under section 143(2) is considered as voluntary disclosure in absence of specific particulars
The ITAT, Mumbai on 07.01.2015 passed a judgment stating that if an assessee files the revised return of income after the receipt of notice under... Read More
Law Relating to Gift Tax in India
2 min read
Law Relating to Gift Tax in India In the earlier times in India cash gifts of up to Rs 50,000 were tax free but if... Read More
Can income assessed by the Assessing officer be less than the income filed in the return?
3 min read
It has been held by the Allahabad High Court in the case of Commissioner of Income Tax – II vs. Har Dayal Singh, Kanpur, 2015... Read More
All you wanted to know about PAN Card
3 min read
What PAN card is? PAN card is like a driving license or an aadhar card which bears a unique number. This unique number is a... Read More
ITAT Amritsar: No Section 269SS Violation for One-Time Cash Payment Before Sub-Registrar 
Tax Officials Unleash Digital Dragnet: How New Raid Powers Redefine Privacy, Property Rights in India and likely to Fuel Corruption 
Income Tax Department Rewards for Reporting Tax Evasion: A Comprehensive Guide 
Forfeiture of Gratuity by Employer- What are the Remedies for an employee- Can employer be challenged?