The profits arising out of sale of an agricultural land which is far away from the limits of municipality cannot be treated as a regular... Read More
Income Tax
The Hon’ble Delhi High Court in the case of Pepsi Foods Private Limited vs. ACIT, W.P. (C) 1334/2015, and W.P. (C) 4280/2014 by a judgment... Read More
How to make your salary tax efficient?
3 min read
Many People have the grudge that their salary is low compared to the tax paid by them which is high. It is very urgent and... Read More
Very recently, the Supreme Court in the case of MAK Data Pvt. Ltd. vs. CIT (C.A.No.9772 of 2003 ) passed the judgment in connection with section... Read More
The Right to Information Act (RTI Act) which became effective from 12.10.2005 is a simple but very powerful legislation. It has helped the rights of... Read More
Section 194-IA states that any person, being a transferee, responsible for paying to a resident transferor any sum by way of consideration for transfer of... Read More
A very common question that comes in one’s mind is that if someone claims a deduction for House Rent Allowance (HRA) against his taxable income,... Read More
Taxability of Agricultural Income
3 min read
Agricultural Income – defined: According to the provisions of the Income Tax Act, any income earned from any of the three following three sources are... Read More
Definition Of Service As Per Service Tax Act
2 min read
Definition Of Service As Per Service Tax Act Service as per Service Tax is described as the action that is taken for consideration and is... Read More
The ITAT Hyderabad in the case of Bhavya Anant Udeshi Hyderabad-500034 having PAN AALPUB8857A (appellant) vs. The Income Tax Officer (International Taxation)-I, Hyderabad- 500004 (respondent),... Read More