Baisakhi Ganguly

“Special audit” under the provisions of the Income Tax Act 2 min read

• Income Tax

“Special audit” under the provisions of the Income Tax Act

Baisakhi Ganguly 12 years ago

Special audit is conducted when the Assessing Officer during any proceedings fails to understand the complexity in accounts. With the prior approval of Chief Commissioner... Read More

Tax Exemptions of Educational institutions under section 10(23C) (iiiad) 2 min read

• Income Tax

Tax Exemptions of Educational institutions under section 10(23C) (iiiad)

Baisakhi Ganguly 12 years ago

The issue of the taxability of educational institutions regarding their incomes from investments or income from properties and other sources has been controversial since long.... Read More

Penalties for tax evasion 2 min read

• Income Tax

Penalties for tax evasion

Baisakhi Ganguly 12 years ago

Tax evasion as an offence: Tax evasion is an illegal act which occurs for failure to file income tax return or altering the tax amount... Read More

Rules Relating to Gift Tax in India 2 min read

• Income Tax

Rules Relating to Gift Tax in India

Baisakhi Ganguly 12 years ago

Your mother transferred an amount of money to your bank account for helping you for a certain reason. Have you ever thought that is there... Read More