Part 1 – Presumptive taxation Scheme 44AD, 44DA ; 44AE
For providing relief to minor and small taxpayers from the tiresome job relating to maintaining of books of account and getting them audited, the Government... Read More
Income Tax
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5 Methods for NRIs to get their Old Demonetized Currency Exchanged
Demonetization of Rs. 500 and Rs. 1,000 currency notes has not only taken the Indian citizens by surprise but also created quite a situation for... Read More
Don’t do any of these 18 type of transactions traceable through your Quoting of PAN number
3 min read
Hiding black money has now become difficult with the Indian government’s recent demonetization drive wherein it has mandated the Quoting of PAN for cash deposits... Read More
Currency Demonetization- Common Queries- Myths – How to declare the money being deposited- Notices by Assessing Officers and Dangers Ahead
In the coming weeks, Property values are expected to crash due to likely hood of Government coming down heavily on Benami Property deals, on Jewelers... Read More
Black money conversion – talk of the town- Is your method fool proof
Black money is basically the money that has not gone under the scrutiny of the tax department and somehow has been kept aloof from money... Read More
Cash deposits from Nov 09, 2016 to Dec 30, 2016 – CBDT’s Notification
With the demonetisation drive going strong across the country, CBDT today notified about the compulsory quoting of PAN for all cash deposits exceeding Rs. 50000/-... Read More
How to seek Ombudsman help against harassment by Assessing Officer?
Income Tax Ombudsman was introduced in 2006 with an objective to provide a platform for complaints relating to public grievances against Income Tax Department and... Read More
Section 115BBE and 68: Taxation of unexplained income
Here in this blog, we try to highlight the unrecognized Section 115BBE of the Income-tax Act, which was applicable from the assessment year 2013-14. Unexplained investment,... Read More
Were influential People aware of the Currency Ban coming
It appears that some powerful and influential people were aware of the currency ban coming See following report, of BJP having deposited large amount of... Read More
Beware of the myth – deposit of Rs 2.5 lacs Cash in Bank Account may not be safe
As the Notes of denominations of Rs 500 and Rs 1000 stand withdrawn from the market, everybody is rushing to the banks to deposit or... 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?