Income Tax
Transfer pricing rules in India
4 min read
Commercial transactions between the different multinational groups may not take place through the same market forces existing between the two independent companies. One company often... Read More
All about Limited Liability Partnership
3 min read
Limited Liability Partnership (LLP) is a new corporate vehicle which enables professional expertise to combine a company with the flexibility of a partnership and allows... Read More
Reassessment of income is allowed in cases where the Assessing Officer believes that any income chargeable to tax has escaped assessment during any financial year.... Read More
High Court allows filing the revised return after service of intimation under section 143(1)
3 min read
The Kolkata High Court in the case of Tata Metaliks Ltd. vs. C.I.T. III, Kolkata, being ITA No. 301 of 2005, has held that an... Read More
Key Dates for Indian Taxes Part I
2 min read
Increase in your income give you joy. But if proper accounting of the transactions and book keeping is not done it can lead to lot... Read More
Why people should avoid tax evasion?
3 min read
A recent report released by the Indian Finance Ministry stated that the number of taxpayers in India for the financial year 2011-12 is around 3.24... Read More
The Income Tax Act provides that on determination of the gross total income of an assessee after considering income from all the heads, certain deductions there from may... Read More
According to the provisions of the Income tax Act, 1961, a person is taxed not only for his own income but sometimes also for the... Read More