Set off of unabsorbed depreciation
1 min read
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Consequences of Non-filing of I.T. Return in Time If a man escapes a taxable income his income is considered as black money and he is... Read More
The Bombay High Court in the case of Vinod K. Bhagat vs. Tax Recovery Officer and Others, 2015 (3) TMI 105, held that the grievances... Read More
Tax evasion can land you in deep trouble
5 min read
Individuals have the liberty to self assess their income and pay taxes accordingly. However that does not mean that if someone conceals a particular source... Read More
Loan on Securities for Instant Liquidity
2 min read
Securities are important assets which you either invest in as asset for future emergency use or for saving income tax. In case of urgency you... Read More
The Gujarat High Court in a recent judgment pronounced on 26.4.2014 in the case of Rajmoti Industries vs. ACIT, held that payment through any crossed... Read More
Section 147 of the Income Tax Act authorizes the Assessing Officer to re-assess the income chargeable to tax, in cases where he has reason to... Read More
Capital gains tax rates
2 min read
Depending upon the type of capital assets you have made investment in the tax rates of your capital gains are decided. There are few investments... Read More
One can earn a lot from the profit earned by selling a house. But if somebody sells a house before three years, such a sale... Read More