Tax professionals have different skills and expertise in the subject. There are many kinds of tax return preparers with credentials. The Government of India has... Read More
Income Tax
Process of charging interest under section 234 of IT Act Income Tax Act as a statute: Income Tax Act 1961 ( as amended by the... Read More
The ITAT, Hyderabad in the case of Sri Laxmi Narayan Agarwal (PAN: ACDPA7791B) vs. Asst. Commissioner of Income Tax, Circle-6(1), Hyderabad, I.T.A. No. 1392/HYD/2010 by... Read More
Capital gains tax rates
2 min read
Depending upon the type of capital assets you have made investment in the tax rates of your capital gains are decided. There are few investments... Read More
Regarding income of all kinds of assessees liable to pay income tax for the assessment year 2015-2016, the rates of income tax have been stated... Read More
Guide to the law on revision of assessments
3 min read
According to section 263 of the Income Tax Act 1961, the commissioner has the power to call for and scrutinize the records of certain proceedings... Read More
Illegal acts amounting to tax evasion
2 min read
Tax avoidance is a process by which a person plans his or her finances to get exemptions and deductions in tax provided by tax laws... Read More
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
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