The Goods and Services Act, 2017, has perhaps been one of the long vision steps taken by the government of India. It came with an... Read More
Everyone knows that the tax structure in India is very complicated, and not everyone is able to comprehend it properly. When it comes to filing... Read More
Every year the Central Board of Direct Taxes (CBDT) releases the criteria for Income Tax manual scrutiny. When you are planning to file your tax... Read More
Do I owe a tax for the gift I receive? Get to Know the Rules of Taxability of Gift in India
3 min read
Having the knowledge of all the incomes or assets that are taxable is no easy feat. If any such asset escapes your mind or maybe... Read More
Pros and Cons of GST- Is Ushering in of GST worth Celebrating as media wants us to believe?
4 min read
GST is a basically a Single tax that subsumes various indirect tax levies such as Excise duty, Service Tax, Sales Tax (VAT/ CST) etc and... Read More
Assessing Officer cannot review total order of Income Tax u/s 154 assessment on debatable issues
5 min read
The Case pertains and revolves around the issue that the mistake sought to be corrected u/s 154 by Assessing Officer must be obvious that such... Read More
The Assessee here in the Case of Gyaan Vikas Foundation Siliguri Vs C.I.T (ITAT Kolkata) is a trust which was executed at Siliguri on 27th February... Read More
TDS on property sale is a very good method of controlling the developments in the real estate sector. Last few years, there has been a... Read More
The assessee owned a portion of land in Shivaji Nagar, Pune. The land was occupied by a bungalow, a tenanted bungalow, a garage and two... Read More
The world of finance is now full of illegal trading and sharing of information between the wealthy. It is not good to be rich! Rich... Read More