Author: Diksha Garg

Income Tax 

Pay Tax even if Income is Less Than Rs. 5 lakhs- Interim Budget 2019

April 11, 2019April 11, 2019 Diksha Garg Income Tax Act section 87A, Interim Budget 2019, Pay Tax even if Income is Less Than Rs. 5 lakhs

Interim Budget 2019 comes up with so many tax proposals. One such proposal is that no tax to be paid

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Income Tax 

Quarterly Assessment Orders- AOs to appear Before CsIT(A) &; defend it properly: CBDT

February 24, 2019 Diksha Garg Quarterly Assessment Orders- AOs to appear Before CsIT(A) & defend it properly: CBDT

14 Feb 2019 – CBDT has issued a directive in which it has stated that the Pr.CIT shall ensure that

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Income Tax 

Cenveo Publisher Services India Ltd -petitioner vs. Union of India and Ors (Bombay High Court)-Respondents

February 24, 2019 Diksha Garg Cenveo Publisher Services India Ltd -petitioner vs. Union of India & Ors (Bombay High Court)-Respondents, Commissioner of Income Tax Vs. Chhabil Dass Agarwal reported in 357 ITR 357, Section 143(3) of the Income Tax Act1961

Sec 147: Reopening of assessment: Delay in filing objections by the assessee to the reasons given by AO and leaves

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Income Tax 

Can the Benefits of HRA and Home Loan be Claimed Simultaneously?

February 24, 2019 Diksha Garg

Taxpayers get often confused when the question arises if he or she can claim the benefits of House Rent Allowance

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Income Tax 

Tax Evasion in India and Punishments and penalties related to it- Know More About it-

February 24, 2019 Diksha Garg sec 139(1) as per the Income Tax Act., Section 140 A (1) of the Income Tax Act, Section 142(1) or 143(2), section 271(C), Tax Evasion in India and Punishments and penalties

Are you the one who keeps on thinking about how to evade tax? If yes, then stop doing so. The

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Income Tax 

Which Is more bad Tax Avoidance and Tax Evasion?- Read to Know More-

February 21, 2019 Diksha Garg What Is the Difference Between Tax Avoidance and Tax Evasion

Irrespective of whether we like it or not, the law demands payment of taxes on time. The two terms- tax

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Housing Income Tax 

Tax Implications by Owning Residential Property by an NRI in India

February 19, 2019 Diksha Garg Double Tax Avoidance Agreements (DTAA), long term capital gains, Short Term Capital Gains, Tax Implications by Owning Residential Property by an NRI in India

NRI’s would remit funds for various reasons such as maintaining their family, or repaying the loans, etc. As time passed

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Income Tax 

An NRI? Here are the Tax liabilities you should know

February 4, 2019February 4, 2019 Diksha Garg An NRI? Here are the Tax liabilities you should know, Non-resident (External) bank account ( NRE account), The Central Board of direct taxes (CBDT)

Liability to pay tax in India depends on the residential status of the taxpayer. The residential status of the taxpayer

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tax-calculators 

Tax Liability of an NRE account

January 31, 2019 Diksha Garg Tax free interest NRE, Tax Liability of an NRE account, Taxation of NRA

NRE stands for NON-RESIDENT EXTERNAL. NRE is an Indian Rupee denominated account which gives complete security to the Non-Resident Indian.

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Income Tax 

Better understanding of Assessment or Reassessment U/s 147 and 148 of Income Tax

January 28, 2019 Diksha Garg Better understanding of Assessment or Reassessment U/s 147 and 148 of Income Tax

Section 147 and 148 of the Income Tax Act permits the Income Tax Department to reopen and reassess one’s IT

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