Income Tax

Impact of restricting loss in House Property Income on second house’s loan after Budget 2017? 3 min read

• Income Tax

Impact of restricting loss in House Property Income on second house’s loan after Budget 2017?

Akanksha 9 years ago

The Finance Bill 2017 brought some relief to small taxpayers by reducing tax slab rates, reducing time limit for long term capital assets but it... Read More

Analysis and Highlights of Finance Budget 2017 – Part 2 3 min read

• Income Tax
• Indirect Taxes

Analysis and Highlights of Finance Budget 2017 – Part 2

Akanksha 9 years ago

In continuation to our previous article on Analysis and Highlights of Finance Budget 2017, enlisted below are the highlights of changes in indirect taxes in... Read More

Analysis and highlights of Finance Budget 2017- Part 1 5 min read

• Income Tax

Analysis and highlights of Finance Budget 2017- Part 1

Akanksha 9 years ago

Union Finance Minister Mr. Arun Jaitley on 1st of February 2017 announced the most highly anticipated Finance Budget 2017. After demonetisation, a progressive budget was... Read More

Now you can easily communicate with the IT department through online assessment 3 min read

• Income Tax

Now you can easily communicate with the IT department through online assessment

Rebecca Ghomes 9 years ago

It is very easy to view the email of the notices issued by the Income tax department and even respond to the same by logging... Read More

The case of Bogus Purchases Vs Accommodation entries 3 min read

• Income Tax

The case of Bogus Purchases Vs Accommodation entries

Rebecca Ghomes 9 years ago

As an example of the Sections 68 and 69C of the Income Tax Act of India, 1961, the case of CIT Vs Ashish International (Bombay High... Read More

What does it mean by the term ‘search and seizure’ under Income Tax Act of India? 6 min read

• Income Tax

What does it mean by the term ‘search and seizure’ under Income Tax Act of India?

Rebecca Ghomes 9 years ago

One of the most powerful weapons for the Income Tax Department of India is the power of search and seizure. This power enables the authorized... Read More

CBDT declares that no disallowance for exempt income if the securities are stock-in-trade 5 min read

• Income Tax

CBDT declares that no disallowance for exempt income if the securities are stock-in-trade

Baisakhi Ganguly 9 years ago

The Special Jurisdiction (Income Tax) of the Hon’ble High Court at Calcutta, Original side, with reference to the circular dated 11.02.2014 passed by the Central... Read More

Cash receipts amounting to Rs.3.00 lakhs per day can be invite problems in Income Tax 5 min read

• Income Tax

Cash receipts amounting to Rs.3.00 lakhs per day can be invite problems in Income Tax

Rebecca Ghomes 9 years ago

The recent budget 2017 proposes to bring in force Section 269ST in view of curtailing black money transactions by penalizing Penalty for Cash Receipts exceeding Rs... Read More

Check out the negatives and misses in the Union Budget 2017 4 min read

• Income Tax

Check out the negatives and misses in the Union Budget 2017

Sourav 9 years ago

It was the only and the first budget ever in the history of independent India to be presented on the 1st February. Finance Minister Shri Arun... Read More

Tax Position of a business established in a SEZ which Does not export its goods but sells only in India 3 min read

• Income Tax

Tax Position of a business established in a SEZ which Does not export its goods but sells only in India

Skumar 9 years ago

Can a business established in an SEZ sell goods in Domestic Tariff Area (DTA) that is within the country, and still claim all the tax... Read More