Diksha Garg

Some of the Best Income Tax Judgements for 2018 that can help plan your income tax liability 4 min read

• Income Tax

Some of the Best Income Tax Judgements for 2018 that can help plan your income tax liability

Diksha Garg 7 months ago

Each and every year, numerous judgments have been delivered on the Income Tax Act. Of all these cases, there are a few which have been... Read More

Prerequisites for Reopening of assessment beyond a period of 4 years 2 min read

• Income Tax

Prerequisites for Reopening of assessment beyond a period of 4 years

Diksha Garg 7 months ago

What is section 143(3) of the Income Tax Act? Section 143(3) under the Income Tax Act 1961 refers to the Income Tax Notice pertaining to... Read More

Tax Evaders can escape by paying penalty? New CBDT Norms state otherwise! 2 min read

• Income Tax

Tax Evaders can escape by paying penalty? New CBDT Norms state otherwise!

Diksha Garg 7 months ago

The Department of Income Tax has come up with revised guidelines according to which serious offenses committed under the benami and black money laws are... Read More

What are the Proposed Changes about Charitable Trusts? 1 min read

• News

What are the Proposed Changes about Charitable Trusts?

Diksha Garg 7 months ago

The CBDT or Central Board of Direct Taxes has recently suggested some changes in the charitable trusts. A draft notification has been floated to make... Read More

CASE: NuPower Renewables Pvt. Ltd (Petitioner) vs. ACIT (Bombay High Court) 6 min read

• Income Tax

CASE: NuPower Renewables Pvt. Ltd (Petitioner) vs. ACIT (Bombay High Court)

Diksha Garg 7 months ago

For the Assessment Year 2011-12, the Petitioner NuPower Renewables Pvt. Ltd filed the income return on 29th September 2011, declaring loss of Rs.5.97 Crores (rounded... Read More

The Chase on Notional Income widens, but the loopholes prevail! 3 min read

• Income Tax

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

Diksha Garg 8 months ago

The year 1998 saw the dissolution of the Gift Tax Act which led to the creation of a very dynamic section-Section 56(2) of the Income... Read More

Fudging income, tax breaks gets tougher with the New Format of Form 16 6 min read

• Income Tax

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

Diksha Garg 8 months ago

A new format has been notified by the CBDT for Form 16, which is the salary TDS certificate. It would be requiring an in-depth break... Read More

Tax Queries on tax deductions pertaining to Long Term Capital Gains and SIPs 2 min read

• Income Tax

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

Diksha Garg 8 months ago

How to avoid long term capital gains tax under section 54 and 54F of the Income Tax Act, 1961? In order to understand how to... Read More

Filing Taxes In India FY 2018-19: Guidelines for the NRI’s 2 min read

• Income Tax

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

Diksha Garg 8 months ago

It’s the season of tax filing and yes, the due date for filing of your ITR for the fiscal year 2018-19 is fixed at July... Read More

Pay Tax even if Income is Less Than Rs. 5 lakhs- Interim Budget 2019 2 min read

• Income Tax

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

Diksha Garg 10 months ago

Interim Budget 2019 comes up with so many tax proposals. One such proposal is that no tax to be paid on income up to 5... Read More