To keep an eye on the high valued transactions made by the taxpayers, the new law has been framed by the Income Tax department where... Read More
Diksha Garg
In the judgment given by the Bombay High Court for Godrej & Boyce vs. CIT 328 ITR 81 (Bom), The Supreme Court of India needed... Read More
An important function of executing a transaction is invoicing. An invoice is issued whenever there is a purchase or a sale by a seller who... Read More
There are top reasons where taxpayers get into trouble with the tax authorities. These cases were relatively rare earlier but are now becoming common in the... Read More

It may be a reality with you that you have not paid your taxes in time and went on a holiday or bought a shiny... Read More
The issue being examined is about the law applicable to sections 269ST and 271DA of the Income-tax Act, 1961. Whether the Penalty U/s 271DA For Violation... Read More
High court has made it clear that will not accept the Delay in filing of appeal by the Income Tax Department. Find out in detail below... Read More
Revised Income Return through the process of condonation does not imply its content acceptable: The case: The court has to decide whether it comes under... Read More
The following is an Order passed by the Income Tax Appellant Tribunal (ITAT), Delhi against the Assesse Sh. Dinesh Sharma. Appeal Number is 226/Del/2013. The... Read More

Basically, any income on sale of a capital asset refers to a capital gain and a person has to pay tax on the same. But... Read More