Taxpayers jitters with extensive search and seizure powers to Assessing Officers
The amendments and changes in the procedural rules including changes in search and seizure provisions in Income Tax Act have had the consequence of setting... Read More
Section 132 of Income Tax
undisclosed income found during search/survey to be distributed to members of the family running the business
Section 132 of the Income Tax: It is but natural that the undisclosed income found during search/survey has to be distributed to all the members... Read More
Reasons to believe for conducting a search & seizure not to be disclosed
Sub-section (1) and Sub-Section (1A) of section 132 of the Income Tax Act, 1961 provides that where the authority stated therein, depending on the information in his... Read More
What is Income Tax Liability on Income from trading in Future and Options 
The Importance of Filing Your Income Tax Return on Time: A Financial Must-Do 
Is Addition made by Assessing officer on basis of mismatch between AIR and F26AS Justified 
Salient Changes in the new Income Tax Rules relevant to Assessment Year 2024-25