Under the Scheme, an informant can be provided interim and the final reward only the competent authority. The interim reward will be granted if the informant has provided the specific information pertaining to the Benami property in the format prescribed in Annexure-A and has received an Informant code as well. ... Read More
Income Tax
The Income Tax Appellate Tribunal’s (ITAT) Jaipur bench has held that the complete proceeding against the assessee would be nullified in case of a defect... Read More
The income tax authorities in India are looking into the ‘residential’ status of many non-resident Indians (NRIs) with an aim to target undisclosed assets overseas.... Read More
Yes, it’s time for the spying eye of the taxman! The last date to file your I-T returns for the year 2018-19 is July 31.... Read More
Some of the Best Income Tax Judgements for 2018 that can help plan your income tax liability
4 min read
Each and every year, numerous judgments have been delivered on the Income Tax Act. Of all these cases, there are a few which have been... Read More
What is section 143(3) of the Income Tax Act? Section 143(3) under the Income Tax Act 1961 refers to the Income Tax Notice pertaining to... Read More
The Department of Income Tax has come up with revised guidelines according to which serious offenses committed under the benami and black money laws are... Read More
For the Assessment Year 2011-12, the Petitioner NuPower Renewables Pvt. Ltd filed the income return on 29th September 2011, declaring loss of Rs.5.97 Crores (rounded... Read More
Does Tax-free Work Online? If you are an entrepreneur having an online presence instead of a physical location can save you a pretty penny when... Read More
The year 1998 saw the dissolution of the Gift Tax Act which led to the creation of a very dynamic section-Section 56(2) of the Income... Read More
