Baisakhi Ganguly

Section 50C (1) of the Income Tax Act is retrospective in nature 4 min read

• Income Tax

Section 50C (1) of the Income Tax Act is retrospective in nature

Baisakhi Ganguly 8 years ago

The Income Tax Appellate Tribunal at Ahmadabad in the case of Dharamshibhai Sonan 22, Kamalpark  Row House, Kapodara,  Varachha Road, Surat – 395 006 having... Read More

Income Tax implications of Stock Options 3 min read

• Income Tax

Income Tax implications of Stock Options

Baisakhi Ganguly 8 years ago

What do you mean by a ‘Stock Option’? A stock option is a privilege transferred by one person to another which provides the buyer the... Read More

Taxation of Works contracts under Goods and Services Tax 4 min read

• GST

Taxation of Works contracts under Goods and Services Tax

Baisakhi Ganguly 8 years ago

Presently, works contracts involve three types of taxable activities. As such, different aspects of such activity can be taxed as per different statutes. As the... Read More

All about Mutual Funds Investments 4 min read

• Stock Market and Investing

All about Mutual Funds Investments

Baisakhi Ganguly 8 years ago

Mutual funds  are one of the most common avenues which investors have today. They provide good investment opportunities to the present day investors. Like all... Read More

Interest earned by a co-operative society on investments with other societies is entitled to be deducted 4 min read

• Income Tax

Interest earned by a co-operative society on investments with other societies is entitled to be deducted

Baisakhi Ganguly 8 years ago

The Income Tax Tribunal at Mumbai in the case of Lands End Co-operative Housing Society Ltd (having PAN/GIR No. AAAAL 0060C) vs. I.T.O. ward-16(1)(3), Mumbai... Read More

Mumbai High Court lays strict rules for availing section 54F exemption 3 min read

• Income Tax

Mumbai High Court lays strict rules for availing section 54F exemption

Baisakhi Ganguly 8 years ago

The Income Tax Act, 1961 provides exemption to tax payers from paying income tax on long-term capital gains where the profits of the asset which... Read More

A guide to the benefits enjoyed by a Non- Resident in India 5 min read

• Income Tax

A guide to the benefits enjoyed by a Non- Resident in India

Baisakhi Ganguly 8 years ago

If you are a Non-Resident Indian, you should always be aware of when to pay taxes, how taxes are levied on your income that is... Read More

Provisions of Section 194C (6) do not depend upon Section 194C (7) 4 min read

• Income Tax

Provisions of Section 194C (6) do not depend upon Section 194C (7)

Baisakhi Ganguly 8 years ago

The Income Tax Tribunal at Kolkata in the case of Soma Rani Ghosh vs. Deputy Commissioner of Income Tax numbered as I.T.A. No. 1420 /Kol./... Read More

No Penalty for bona fide delay in filing tax audit report 4 min read

• Income Tax

No Penalty for bona fide delay in filing tax audit report

Baisakhi Ganguly 8 years ago

The Income Tax Appellate Tribunal, Jaipur in the case of M/s. Gemorium 1969, Dhabaji Ka Khurra, Ramganj Bazar, Jaipur vs. The ITO, Ward- 5(1) Jaipur... Read More

Past records of the assessee can be considered in making assessment 5 min read

• Income Tax

Past records of the assessee can be considered in making assessment

Baisakhi Ganguly 8 years ago

The Income Tax Appellate Tribunal Nagpur in the case of Commissioner of Income Tax vs. Badridas Ramrai Shop, 1939 7 ITR 613 Nag., has held... Read More