ITAT Amritsar: No Section 269SS Violation for One-Time Cash Payment Before Sub-Registrar
The ITAT Amritsar ruled that a one-time cash payment exceeding ₹20,000 made before a sub-registrar during property registration does not violate Section 269SS of the Income Tax Act.... Read More
Income tax act
What is Carrying Forward and Setting Off of Losses under Income Tax Act?
In finance, profit and loss always play a part in an individual’s life. Every time you won’t achieve the profits. Sometimes you may incur losses... Read More
INCOME TAX INFORMANTS REWARD SCHEME 2018
5 min read
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?
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
Section 195 – TDS for Non-Resident Indians
3 min read
Section 195 of the Income Tax Act, 1961, is all about the Tax Deducted at Source (TDS) for Non-Resident Indians. This section basically highlights the... Read More
A Defect in The Notice – Does it invalidate the Penalty Proceedings?
The Income Tax Appellate Tribunal’s (ITAT) Jaipur bench has held that the complete proceeding against the assessee would be nullified in case of a defect... Read More
FAQs about IRS Tax Regulations on Online Entrepreneurs
Does Tax-free Work Online? If you are an entrepreneur having an online presence instead of a physical location can save you a pretty penny when... Read More
Buying a Flat? The Date of Acquisition must Be the Primary Concern
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
What to do if you are summoned by the Assessing Officer in the Income Tax Department for a reassessment?
You may fall into a situation after filing your returns, where you are summoned by the Assessing Officer in the Income Tax Department for a... Read More
Are you filing your tax in the right way- A quick guide to the basic parts of the Income Tax Act
3 min read
Filing your income tax returns can be a tricky business. This is why there are CAs and audit firms to help you out. But this... Read More
ITAT Amritsar: No Section 269SS Violation for One-Time Cash Payment Before Sub-Registrar 
Tax Officials Unleash Digital Dragnet: How New Raid Powers Redefine Privacy, Property Rights in India and likely to Fuel Corruption 
Income Tax Department Rewards for Reporting Tax Evasion: A Comprehensive Guide 
Forfeiture of Gratuity by Employer- What are the Remedies for an employee- Can employer be challenged?