PAN WITHOUT AADHAAR will be INVALID PAN- Take action for Linking of Aadhar with PAN Card
Linking of Aadhar with PAN Card made mandatory else you will not be able to carry out few transactions, as listed below in this Article... Read More
Income Tax
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- Learn about the different types of income tax, including individual income tax, corporate income tax, and more. Understand the income tax slabs, deductions, and exemptions applicable to various income sources.
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Mere low income cannot constitute understatement of income by an Assessing Officer
The provisions contained in the section 147 of the Income Tax Act authorizes the Assessing Officer for reassessment by reopening the case wherever there is... Read More
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
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
Warrant in name of a dead person does’t make 158BC/158BD proceedings invalid: Gunjan Girishbhai Mehta vs. DIT (Supreme Court)
Where the assessee has attended proceedings under section158BC, are subsequent actions inder 158BD invalid if warrant is in name of dead person... Read More
FAQ on Cash Receipt of Rs.2 Lakh or More w.e.f 1.04.2017 (Section 269ST)
Section 269 ST has been introduced in this budget, which has draconian provisions. However would these provisions be strong enough to deter a tax... Read More
Finance Bill: Empowering tax officials for curbing black money
The countdown has begun. From the 1st of April, 2017 the Central Govt.’s steps for curbing black money is going to be more and more... Read More
No more fake rent receipts for claiming deduction for house rent allowance
You might find yourself in trouble soon if who have been using the fake rent receipts for saving income tax. The department might soon ask... Read More
Section 269ST: A major step towards cashless economy
Amidst the widespread effect of the demonetization which was quite fresh in the cognizance of the people, Union Budget 2017 announced a loud message which... Read More
New Income Tax Return Forms: Details of cash deposited during demonetization to reported now in the returns
The Income Tax Department officials would now seek the details of all deposits done by the assessee during the period of demonetization as a part... 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?