1961

INCOME TAX INFORMANTS REWARD SCHEME 2018 5 min read

• Income Tax

INCOME TAX INFORMANTS REWARD SCHEME 2018

Diksha Garg 11 months ago

A new reward scheme has been introduced in supersession of the ‘Guidelines for grant of rewards to Informants, 2007’ and various existing guidelines on the... Read More

Life Insurance Policy Payouts – Are they Taxable or Not? 3 min read

• Insurance

Life Insurance Policy Payouts – Are they Taxable or Not?

Diksha Garg 1 year ago

The basic idea about life insurance policies is that they are tax-free. But this might be subject to conditions and/or exceptions. In order to utilize... Read More

Tax Implications on Conversion of Partnership firm in Private Limited Company 3 min read

• Income Tax

Tax Implications on Conversion of Partnership firm in Private Limited Company

Rebecca Ghomes 3 years ago

A partnership firm and a limited company are two different entities, in terms of legal liability. The company holds its independent legal entity and shareholders. But... Read More

Do’s and don’ts of a Survey under the Income Tax Act, 1961 4 min read

• Income Tax

Do’s and don’ts of a Survey under the Income Tax Act, 1961

Manager 4 years ago

The term “Survey” has not been defined in the Income Tax Act. However as per Concise Oxford Dictionary, “Survey” means having a view over anything,... Read More

APPEALS PROCEEDINGS UNDER INCOME TAX ACT, 1961 27 min read

• Income Tax

APPEALS PROCEEDINGS UNDER INCOME TAX ACT, 1961

Manager 4 years ago

The term appeal has nowhere been defined under the Income Tax Act. However as per Mozley and Whiteley’s Law Dictionary “Appeal is a complaint to... Read More