Ind. Global Corporate Finance Pvt. Ltd. was given a verdict by the Mumbai Bench of Income tax appellate regarding the non-competent fee paid by the... Read More
Capital Gains on Transfer of Jointly Owned Property Often an assessee owns one residential property by itself, or be a joint owner along with a close... Read More
Some Common Tricks to Convert Black Money in White Money The growth of unaccounted money or black money has resulted in the creation of a... Read More
Prove Authenticity of Transaction to avoid Addition under Section 68 The Delhi High Court in the case of Commissioner of Income Tax vs. Gangeshwari Metal... Read More
Understanding Computation of Income Tax Liability As per the Income Tax Act, Income is classified under five different heads. In every financial year, either the... Read More
Treatment of Cash seized During Income Tax Raid The Finance Act, 2013 has introduced an explanation to section 132B which states that the ‘existing liability’ does... Read More
Anomaly in Form 26AS by Deductor- Assessee Cannot be denied Credit of TDS It has been recently held in the case of LSG Sky Chef... Read More
Understanding levy of Professional Tax What is Professional Tax Professional tax is a state level tax levied on the individuals earning their living. Note that... Read More
How to Minimize Tax Liability with House Rent Allowance With the rise in prices at every nook and corner, it has become an obligation to... Read More
Money Back Rules for Lapsed LIC Insurance Policies. What if Insurance Policy has elapsed?
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Lapsed LIC Insurance Policies – If there a way out? If the insurance premium of a policy is not paid within the specified date (including... Read More