Author: Diksha Garg

Income Tax 

The Chase on Notional Income widens, but the loopholes prevail!

June 2, 2019 Diksha Garg Central Board of Direct Taxes (CBDT), Chase on Notional Income widens, Section 56(2) of the Income Tax Act

The year 1998 saw the dissolution of the Gift Tax Act which led to the creation of a very dynamic

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Income Tax 

Fudging income, tax breaks gets tougher with the New Format of Form 16

June 2, 2019June 2, 2019 Diksha Garg Form 16, Form 24Q, Income Tax

A new format has been notified by the CBDT for Form 16, which is the salary TDS certificate. It would

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Income Tax 

Tax Queries on tax deductions pertaining to Long Term Capital Gains and SIPs

June 2, 2019 Diksha Garg capital gain, Income Tax, SIP, Tax

How to avoid long term capital gains tax under section 54 and 54F of the Income Tax Act, 1961? In

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Income Tax 

Filing Taxes In India FY 2018-19: Guidelines for the NRI’s

June 2, 2019 Diksha Garg

It’s the season of tax filing and yes, the due date for filing of your ITR for the fiscal year

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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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