Any individual who falls under as any of the following categories is obligated to furnish Annual Information Return an assessee; or a prescribed person at... Read More
Income Tax
If someone files his income tax return after the due date, he shall be liable to pay penal interest as per section 234 of the... Read More
The Bombay High Court in a recent case imposed a cost of Rs. 1, 00,000/- against the income tax department for abuse of process of... Read More
The Income Tax Tribunal, Chandigarh, in The A.C.I.T., Vs. Sh. Raghunath Singh Thakur, ITA No.152 by a judgment dated 22.06.2012 held that deduction under section... Read More
The Companies Act, 2013 imposes a liability upon some companies having net profit amounting to Rs. 500 crore or more or an annual turnover of... Read More
Insurance Policy As An Investment
2 min read
Insurance Policy – The Investment Investing on insurance policy is one of the most expensive ways of investment. It involves the cost of the insurance... Read More
Proper service of an income tax notice
4 min read
The ITAT Mumbai in the case of Shri Sanjay Badani vs. DCIT (ITAT Mumbai), SA No.216/Mum/2014 (Arising out of ITA No.5221/Mum/2014) has explained the procedure... Read More
The term “Survey” has not been defined in the Income Tax Act. However as per Concise Oxford Dictionary, “Survey” means having a view over anything,... Read More
If someone files his income tax return after the due date, he shall be liable to pay penal interest as per section 234 of the... 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