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
Rajbir Chawla
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
Why is J&K State not accepting GST? What if J&K does not adopt GST
The Much talked about and ambitious bill by NDA Government, also touted as bill that would ensure reconciliation of inputs and outputs and thus eliminate... Read More
Would those missing deadline of Income Declaration Scheme 2016 face Raid-Raj by Income Tax Department
From various speeches in various forums by Prime Minister, Narender Modi and Finance Minister, Arun Jaitley, one can sense the focus that the Government is... Read More
Shopping Online? How GST will affect Online Shopping and Ecommerce sites?
As online commerce and shopping sites are gaining popularity, various states are getting alive to fact of revenue they are losing. Currently, the state from... Read More
Excise Duty, Service Tax, Additional Custom Duties, VAT, CST, Entertainment Tax, Octroi or Entry Tax, Purchase and Luxury Tax would be subsumed into GST
Post implementation of GST, following Central Taxes would get subsumed into GST Central Level Excise Duty, Additional Excise Duty, Service Tax including applicable surcharges; Additional... Read More
Threshold Turnover limit for registration under Rs 25 lacs and 24 x 7 Call Center would be available
1 min read
Threshold Turnover limit for registration under Rs 25 lacs and 24 x 7 Call Center would be available
Revenue Secretary, Ministry of Finance, Government of India announced in a recent Press Conference that traders having turnover lesser than Rs 25 lacs per year... Read More
Restructuring your Salary in Tax Efficient Manner can increase your carry home Salary by upto 10%
3 min read
Importance of getting salary rationalized cannot be over emphasized. With times, as salary levels have risen and the Income tax exemption limits still at ridiculously... Read More
To What limit can you hold Gold at Home-Taxation on Sale of Gold 
Common mistakes people make after a criminal charge 
Claimimg TDS Credit in Previous year while deductor deposited in subsequent year- Use of Form 71- Its benefits and Limitations 
Discovered some mistake after filing Income Tax return?- Understand the rectification process of Return to escape Penalties