The Patna High Court in the case of M/s Overseas Enterprises having their office at 2263, 1st Floor, Room No. 11, Gali Raghunandan, Naya Bazar,... Read More
Income Tax
The Hon’ble Delhi High Court on 12.8.15 in the cases of Commissioner of Income Tax – 9 (Appellant) vs. Vrindavan Farms (P) Ltd. (Respondent) being... Read More
It is not that always the assessee who is wrong. At times, the behavior and the attitude of the Assessing Officers and other staff of... Read More
Recently some circulars have been issued regarding the amendments introduced by the Finance Act, 2013, for offences punishable under the provisions of Service Tax, Central... Read More
The Hon’ble Income Tax Appellate Tribunal, Agra Bench (Agra) in the case of Rajeev Kumar Agarwal vs. Additional Commissioner of Income Tax (ITA No. 337/Agra/2013)... Read More
Companies must start calculating the payable tax amount for every year and start deducting tax from the salary of the employees at an average rate.... Read More
If you are running a business and your wife is assisting you, paying salary to her if she is not in the income tax bracket... Read More
Introduction to Service Tax There are commonly two types of taxes- direct and indirect taxes. Service taxes are considered as indirect taxes that are levied... Read More
Budget 2013-14 has brought several changes that can affect an individual’s tax slab. Among many changes, personal finance changes are quite essential for an individual.... Read More
A summary on best judgment assessment
2 min read
Assessment refers to evaluation or judgment. As per the income tax law it refers to evaluation of income. It includes various procedures. Though in the... Read More