House Transfer within 3 years under family arrangement, sec. 54F relief can’t be denied
1. As we are aware that the whenever investment in house property is made to plan capital gains tax u/s 54(F), then the such property... Read More
Rajbir Chawla
BREAKING News- GST threshold limit fixed
1 min read
Government has fixed threshold limit for GST at Rs 20 lacs Rs 10 lacs for NE States. Base year will be Fy2015-16 to consider threshold... Read More
As the last date for Income declaration Scheme nears, Government started mounting Pressures by Income Tax raids across Country
Nothing works like fear psychosis. And nobody knows better than our Modi Government and our Income Tax Department officials As the much touted Income declaration... Read More
Don’t let Assessing Officer Harass you by Overstepping his role and jurisdiction in Limited Scrutiny Cases
CBDT has issued instructions to assessing officers instructing them on how to carry on assessments u/s 143(2) in case of limited scrutiny assessments There are... Read More
Would GST be able to infuse life in ailing economy?
Is GST only Hype and Hoopla or would it be able to give some boost of the economy? Would it be grindstone in neck of... Read More
GST Act- Harsh Proviso for Small Tax Payers- Would these be addressed
Most of the taxation laws provide simplified implementation procedures especially for small tax payers who generally neither have infrastructure or rich resources to afford professional... Read More
What if Income Disclosure scheme 2016 fails to collect sizable black money
As on date, no data is being shared by Government as to what has been the result of the Income Declaration Scheme (IDS), 2016. This... Read More
Busting GST Myth!!! Uniform prices across Country unlikely
GST will bring uniform tax structure and hence uniform prices across country may prove to be big myth if politics has its own way over... Read More
GST Impact- Gujarat set to regain its foothold in Pharma Sector
Gujarat which till 2008, had about 40% of its share in Country’s Pharma Industry, saw its share in the industry tanking to low of 20%... Read More
As the deadline for selecting cases for Scrutiny nears, Department sending Scrutiny Notices
3 min read
As the deadline for selecting the case of Financial Year 2014-15 nears, the department is sending the notices for Scrutiny. This year, not necessarily all... 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?