When you are working at a firm for a fixed salary, filing tax returns can pose a problem if you have engaged yourself in playing... Read More
It always confuses taxpayers on the procedures of filing tax returns against any income generated from the trading in Futures and Options. Income tax on... Read More
The Goods and Services Tax will be applicable all over India from the 1st of July this year. There are many dealers, whether big or... Read More
Penalty under section 272A(2)(K)- A judicial interpretation- What penalties were levied? Penalty under section 272A(2)(K) had been levied . This stated that a copy of... Read More
It always confuses taxpayers on the procedures of filing tax returns against any income generated from the trading in Futures and Options. Income tax on... Read More
We are passing through the tax regime where complete indirect tax system will switch over to the Goods and Service Tax (GST) which includes four... Read More
In GST, for registered user under the same PAN, Input Tax Credit of One state cannot be set off against tax liability in another state. Other... Read More
Different Kinds of Tax Terrorism in India
3 min read
Well, no one likes to pay taxes, and there has to be some stern action against the defaulters has to be done. Also, some erring... Read More
The Income Tax Department has given a warning to people so as not to indulge in any cash transaction that involves Rs 2 lakhs or... Read More
According to 69c if transactions are done through banks and are disclosed duly, then any bogus purchases can never be treated as unexplained expenditure. Levy of... Read More