Taxation Rules for Condonation of Delay in Corporate Taxes
Condonation of Delay – In Genuine cases of human errors while filing the appeal, the AO should ask the assessee so that he/she can correct... Read More
Anuj Mathur
Business Expenditure in Income Tax Act under Section 37(1)
Business expenditure -income tax act u/s 37(1) states that if a director of company hires lawyers to represent his favor in court then his/her expenditure... Read More
Ease in Strictness of Section 206AA – Dealing with Previous Issues
Section 206AA was highly rigorous and confusing as it made mandatory to submit PAN number while submitting taxes. It created many controversies; especially in case... Read More
The Integrated Goods and Service Tax Act 2016 – Principles of Determination of Place Supply in Inter State Supply
Indirect taxation and the definition for supply are to change in the new age scenario today. The Integrated Goods and Service Tax Act 2016 is... Read More
Major Reform – Goods and Service Tax Bill Introduced in India,
Recently, Government of India has passed the Goods and Service tax bill in India. Taxes in India were collected in two forms i.e. State Government... Read More
Top 5 Income Tax Rules for NRIs
2 min read
Non-residential Indian, status and its related features will vary by far from one year to the other. See under what clauses you come under this... Read More
A reopening verdict of Domestic Tax
2 min read
A case was between Ujagar Holdings Pvt. Ltd and ITO (ITAT Delhi). It was a case of reopening a verdict related to Domestic Tax. The... Read More
Domestic Tax – TDS in Case of Secondment Agreement
The case emphasizes the conflict that took place between Mahanagar Gas Ltd. and GAIL & British Gas. The case belongs to the Domestic Tax genre,... Read More
Insurance Income: No Escape from Income Tax Surveillance
As per a report in the Business Line, since the beginning of October, a two per cent TDS will be charged on all sums received... Read More
Draft Assessment – Bombay High Court Judgment
The draft assessment request on 30th March, 2015 was even with the choice for the Supreme Court in GKN Driveshafts (India) Ltd v/s Income Tax Officer and Others reported... Read More
Diving Deeper: The Impact of the New Tax Bill on Dairy and Farming Income 
Bombay High Court Upholds Section 271(1)(c) Penalty for Deliberate Non-Disclosure 
Reporting of Foreign Assets by Indian Taxpayers under Section 139(1) of the Income Tax Act 
Major Changes Expected in Direct Tax Code 2025 and why these matter