The Income tax department conducts what are considered as some of the worst nightmares of many businessmen and corporate houses – survey, search and seizure... Read More
Income Tax
Can an Assessing Officer examine all matters when a case is selected for scrutiny through CASS?
2 min read
Recently an issue appeared as to whether an A.O. has any scope to examine all matters when a case is picked up for scrutiny through... Read More
If an Assessing Officer or the Commissioner (Appeals) or the Commissioner during any proceedings under the Income Tax Act, believes that someone has concealed the... Read More
All About Intraday Trading
2 min read
All about Intraday trading An insight into Intraday Trading The common name for IntraDay Trading is “Day Trading”. Here, a trader acquires a stock in... Read More
The Central Board of Direct Taxes has laid down a procedure for launching prosecution for TDS-TCS default. In connection with the above the CBDT has... Read More
All About Intraday Trading
2 min read
All about Intraday trading An insight into Intraday Trading The common name for IntraDay Trading is “Day Trading”. Here, a trader acquires a stock in... Read More
How to deal with Income Tax Notice
2 min read
Are you confused about how to reply to an income tax notice? You may get an income tax notice for a number of reasons, if... Read More
The government has declared to make tax evasion a criminal offence in the country very shortly. It would prosecute offenders with an object to check... Read More
The Apex Court explains “religious or charitable purpose” for claiming exemption under Section 11
4 min read
The Apex Court in the case of CIT vs. Dawoodi Bohara Jamat, Civil Appeal No. 2492 of 2014, on 20.2.2014 has held that a charitable... Read More
Law Relating to Gift Tax in India
2 min read
Law Relating to Gift Tax in India In the earlier times in India cash gifts of up to Rs 50,000 were tax free but if... Read More