Filing of income tax return is the statutory duty of every citizen of the country. In this regard assessee needs to interact with the income... Read More
A revolutionary change has been brought about the entire taxation system of India, with the onset of a new tax structure named Goods and Service... Read More
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 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
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
To fine tune the working of the Income Tax Dept, this step was taken. The list of all the transfers made is personally investigated thoroughly... Read More
A 28 year old investor, Sankaran had invested in stocks, ULIPs and mutual funds. He was very happy when the stock market had touched 20000.... Read More
Analyzing the Advance Received Against the Sale of Land by Section 2(47)(v) and Section 53A
3 min read
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
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
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