Income Tax

Parin K. Rajwani vs. JCIT (ITAT Mumbai) 2 min read

• Income Tax

Parin K. Rajwani vs. JCIT (ITAT Mumbai)

Aditijh 10 years ago

The real assessment order was passed on the November 30, 2010 on which date the Assessing officer proposed to begin penalty proceedings under section 271... Read More

F&O transactions are non-speculative business transactions 2 min read

• Income Tax

F&O transactions are non-speculative business transactions

Manager 10 years ago

Taxpayers in India whether their source of income is business or job, prefer to involve themselves in share trading as it is an easy way... Read More

Medical reimbursement paid to employees is not part of salary and no TDS can be charged upon it 2 min read

• Income Tax

Medical reimbursement paid to employees is not part of salary and no TDS can be charged upon it

Manager 10 years ago

The Income Tax Appellate Tribunal in the Assistant Commissioner of Income Tax (TDS) vs. M/s. SAP Labs India Pvt. Ltd. being ITA Nos.1414 to 1416/Bang/2012... Read More

All about GST 3 min read

• Income Tax

All about GST

Manager 10 years ago

There are a huge number of different indirect taxes in India. The government is making plans to reform the present Indian indirect tax regime and... Read More

Loan on Securities for Instant Liquidity 2 min read

• Income Tax

Loan on Securities for Instant Liquidity

Manager 10 years ago

Securities are important assets which you either invest in as asset for future emergency use or for saving income tax. In case of urgency you... Read More

How to protect against clubbing of minor’s income? 2 min read

• Income Tax

How to protect against clubbing of minor’s income?

Manager 10 years ago

As a general rule an assessee is taxed for his own income. But under certain exceptional circumstances this rule is not applicable.  An assessee is... Read More

Will “E-Scrutiny” help to deal with tax disputes? 2 min read

• Income Tax

Will “E-Scrutiny” help to deal with tax disputes?

Manager 10 years ago

Tax litigation in India require a positive approach involving people with sound understanding of law to provide practical solutions to tax payers to help them... Read More

Impact of the Companies Act, 2013 on audit and auditors 4 min read

• Income Tax

Impact of the Companies Act, 2013 on audit and auditors

Manager 10 years ago

The long-awaited Companies Bill 2013 was finally passed by the Lok Sabha on 18.12.2012 and by the Rajya Sabha on 8.8.2013. After receiving the assent... Read More

Personal Finance Changes As Per Budget 2013-14 2 min read

• Income Tax

Personal Finance Changes As Per Budget 2013-14

Manager 10 years ago

Budget 2013-14 has brought several changes that can affect an individual’s tax slab. Among many changes, personal finance changes are quite essential for an individual.... Read More

How to Save Capital Gains Tax? 2 min read

• Income Tax

How to Save Capital Gains Tax?

Manager 10 years ago

As per provisions of Income Tax Act, 1961, any long term capital gains arising from transfer of any capital asset would taxable unless specifically exempted.... Read More