Rebecca Ghomes

Buying a Flat? The Date of Acquisition must Be the Primary Concern 3 min read

• Income Tax

Buying a Flat? The Date of Acquisition must Be the Primary Concern

Rebecca Ghomes 8 years ago

Investing in realty property is becoming a lucrative business. With the realty business growing in such vigor that everyone is trying their hands on it.... Read More

Section 50 C of Income Tax Act – Sale Consideration Vs Stamp Valuation 2 min read

• Income Tax

Section 50 C of Income Tax Act – Sale Consideration Vs Stamp Valuation

Rebecca Ghomes 8 years ago

Section 50C of Income Tax Act states, “The AO is not entitled to make an addition to the sale consideration declared by the assessee if... Read More

Do I pay Input Tax Credit in Goods and service tax? How do I and when can I claim it back? 3 min read

• Income Tax

Do I pay Input Tax Credit in Goods and service tax? How do I and when can I claim it back?

Rebecca Ghomes 8 years ago

What is Input credit tax (ITC)? Recently the Government of India has combined all the taxes and made it into single Goods & service tax... Read More

Analyzing the Advance Received Against the Sale of Land by Section 2(47)(v) and Section 53A 3 min read

• Income Tax

Analyzing the Advance Received Against the Sale of Land by Section 2(47)(v) and Section 53A

Rebecca Ghomes 8 years ago

At any point in your life you may be involved in selling or buying or transferring an immovable property like land, or house or such,... Read More

The Procedure for Reassessment Proceedings under the Income Tax Act 3 min read

• Income Tax

The Procedure for Reassessment Proceedings under the Income Tax Act

Rebecca Ghomes 8 years ago

When you are filing for income tax in India, you should be aware of the jargons that are present in the Income Tax Act. There... Read More

Tax-ability of Interest on Fixed Deposit in Wife’s Name? 3 min read

• Income Tax

Tax-ability of Interest on Fixed Deposit in Wife’s Name?

Rebecca Ghomes 8 years ago

Fixed deposit is a good way to deposit your money in the bank. It is an investment that allows you to invest a good amount... Read More

Do you know the consequences of non-deposit of TDS? 3 min read

• Income Tax

Do you know the consequences of non-deposit of TDS?

Rebecca Ghomes 8 years ago

Recently, the Income Tax Department and the CBDT are taking the late payment and non-deposit of TDS very seriously. They have imposed new rules to... Read More

How Tax Evaders are Now Trapped by I-T Dept’s New Rules? A strategically aggressive enhanced action plan to prosecute serial dodgers ! 3 min read

• Income Tax

How Tax Evaders are Now Trapped by I-T Dept’s New Rules? A strategically aggressive enhanced action plan to prosecute serial dodgers !

Rebecca Ghomes 8 years ago

You don’t need any expert to tell you that filing income tax return is one of the most important duties as a citizen. If you... Read More

The Amendment of Section 51 of the Income Tax Act through Finance Bill 3 min read

• Income Tax

The Amendment of Section 51 of the Income Tax Act through Finance Bill

Rebecca Ghomes 8 years ago

There have been several measures proposed by the government through the Finance (Vol. 2) Bill, 2014. These measures relate to curb tax deference. The most... Read More

The Actual Concept Of Assessment and Reassessment Proceedings Of Income Tax Act 3 min read

• Income Tax

The Actual Concept Of Assessment and Reassessment Proceedings Of Income Tax Act

Rebecca Ghomes 8 years ago

It may not be that uncommon for you to be served by an assessment or reassessment notice under Section 148 of the Income Tax Act.... Read More