Income Tax

Tax Liability of Non-Resident Indians working Abroad 3 min read

• Income Tax

Tax Liability of Non-Resident Indians working Abroad

Sourav 9 years ago

With India moving towards a globalized age with sturdier economic relations being forged with developed and developing markets, employee engagements throughout the globe is quite... Read More

Taxation Rules for Condonation of Delay in Corporate Taxes 3 min read

• Income Tax

Taxation Rules for Condonation of Delay in Corporate Taxes

Anuj Mathur 9 years ago

Condonation of Delay – In Genuine cases of human errors while filing the appeal, the AO should ask the assessee so that he/she can correct... Read More

Assessing Officer to examine the accounts carefully before making dis allowance under section 14A 4 min read

• Income Tax

Assessing Officer to examine the accounts carefully before making dis allowance under section 14A

Baisakhi Ganguly 9 years ago

The Honorable Delhi High Court in the case of Pradeep Khanna vs. ACIT, Circle 30(1) Delhi, I.T.A. no. 953/2015 has held that Assessing Officer should... Read More

Business Expenditure in Income Tax Act under Section 37(1) 2 min read

• Income Tax

Business Expenditure in Income Tax Act under Section 37(1)

Anuj Mathur 9 years ago

Business expenditure -income tax act  u/s 37(1) states that if a director of company hires lawyers to represent his favor in court then his/her expenditure... Read More

Ease in Strictness of Section 206AA – Dealing with Previous Issues 4 min read

• Income Tax

Ease in Strictness of Section 206AA – Dealing with Previous Issues

Anuj Mathur 9 years ago

Section 206AA was highly rigorous and confusing as it made mandatory to submit PAN number while submitting taxes. It created many controversies; especially in case... Read More

No exemption allowed for failure to deposit the consideration towards purchase of new flat 4 min read

• Income Tax

No exemption allowed for failure to deposit the consideration towards purchase of new flat

Baisakhi Ganguly 9 years ago

The High Court of judicature at Mumbai recently in the case of ITA No.545 of 2002, Humayun Suleman Merchant (Appellant) vs. The Chief Commissioner of... Read More

Incurring Losses- Process of Setting off and carry forward of losses 2 min read

• Income Tax

Incurring Losses- Process of Setting off and carry forward of losses

Shanaya 9 years ago

Incurring Losses- Process of Setting off of losses, types of adjustment, unabsorbed depreciation and Exception for Setting off Losses are discussed below Businesses are set... Read More

Good news for taxpayers- The much awaited e-nivaran project launched by CBDT 3 min read

• Income Tax

Good news for taxpayers- The much awaited e-nivaran project launched by CBDT

Garima Jalali 9 years ago

e-nivaran is the beginning of a new era in the Income Tax Department.  e-nivaran- a dream project of Indian Government and the Income Tax department has... Read More

As the deadline for selecting cases for Scrutiny nears, Department sending Scrutiny Notices 3 min read

• Income Tax

As the deadline for selecting cases for Scrutiny nears, Department sending Scrutiny Notices

Rajbir Chawla 9 years ago

As the deadline for selecting the case of Financial Year 2014-15 nears, the department is sending the notices for Scrutiny. This year, not necessarily all... Read More

Would those missing deadline of Income Declaration Scheme 2016 face Raid-Raj by Income Tax Department 3 min read

• Income Tax

Would those missing deadline of Income Declaration Scheme 2016 face Raid-Raj by Income Tax Department

Rajbir Chawla 9 years ago

From various speeches in various forums by Prime Minister, Narender Modi and Finance Minister, Arun Jaitley, one can sense the focus that the Government is... Read More