Diksha Garg

Capital Gains vs. Business Profits 3 min read

• Income Tax

Capital Gains vs. Business Profits

Diksha Garg 6 years ago

Capital gain arising out of holding shares for a short period will not convert it into business income. An Assessee has two separate portfolios one... Read More

The Importance of Form 16: Time to make a note of it, Taxpayers 3 min read

• Income Tax

The Importance of Form 16: Time to make a note of it, Taxpayers

Diksha Garg 6 years ago

Form 16 is a TDS (Tax Deducted at source) certificate which is issued by an employer/bank/company as they deduct tax while making payments to its... Read More

HUF- a tax planning tool to save Income tax 3 min read

• Tax Planning

HUF- a tax planning tool to save Income tax

Diksha Garg 6 years ago

No one wants to shed their hard earned money in the form of taxes, but unfortunately, there is no escape to that. The income tax... Read More

New House is in wife’s Name – Forget about tax-relief from the sale of the house 3 min read

• Home Loans

New House is in wife’s Name – Forget about tax-relief from the sale of the house

Diksha Garg 6 years ago

The Mumbai Bench of Income-Tax Appellate Tribunal (ITAT)'s denied the benefit to be sought from sec- 54 of the Income-tax Act. The reason behind this denial was that the new house bought by the taxpayer was not in his name but in the name of his wife and his adult daughter.... Read More

Reality of the tax-saving lucrative plans offered by the wealth Managers and the Bank Executives 3 min read

• Tax Planning

Reality of the tax-saving lucrative plans offered by the wealth Managers and the Bank Executives

Diksha Garg 6 years ago

These days’ lots of Insurance companies are coming up with lucrative plans to attract the people. People, on the other hand, look for the plans... Read More

CBDT on STT requisites and Capital gains taxation- Cases where STT not Applicable 3 min read

• Income Tax
• Income Tax News and Analysis

CBDT on STT requisites and Capital gains taxation- Cases where STT not Applicable

Diksha Garg 6 years ago

Securities Transaction Tax (STT) is a direct tax which is levied on acquisition and transfer of securities listed on the recognized stock exchanges. It is... Read More

Penalty for Professional Misconduct of Chartered Accountants 3 min read

• Income Tax News and Analysis

Penalty for Professional Misconduct of Chartered Accountants

Diksha Garg 6 years ago

Any conduct or action by a Chartered Accountant that brings disrepute to the profession or the Institute is regarded as misconduct even if it’s not... Read More

No inquiry could be raised on Income tax returns if no notice 3 min read

• Income Tax News and Analysis

No inquiry could be raised on Income tax returns if no notice

Diksha Garg 6 years ago

Every year the return has been filed by every earning member of the country. There are various queries regarding the Income tax return, now if... Read More

Supreme court Judgement: Tax Exemption Ambiguity-Benefit in favor of the Revenue Department 3 min read

• Business

Supreme court Judgement: Tax Exemption Ambiguity-Benefit in favor of the Revenue Department

Diksha Garg 6 years ago

The Supreme Court has ruled that the Assesse has to bear the burden to prove whether his/her case comes within the purview of the exemption... Read More

Anguish amongst Taxpayers over GST Networks- Flaws in GST Management Leads to Increased the Concerns of the Businesses in India 3 min read

• Income Tax

Anguish amongst Taxpayers over GST Networks- Flaws in GST Management Leads to Increased the Concerns of the Businesses in India

Diksha Garg 6 years ago

India’s biggest tax restructuring of the goods and services tax has not been able to appeal the taxpayers. This has been the first most significant... Read More