Manager

Process of charging interest under section 234 of IT Act 2 min read

• Income Tax

Process of charging interest under section 234 of IT Act

Manager 9 years ago

Process of charging interest under section 234 of IT Act Income Tax Act as a statute: Income Tax Act 1961 ( as amended by the... Read More

F& O transactions are non-speculative business transactions 3 min read

• Income Tax

F& O transactions are non-speculative business transactions

Manager 9 years ago

Taxpayers in India whether they are salaried people or not, prefer to involve themselves in share trading as it is an easy way of earning... Read More

Advantages of Limited Liability Partnership over Partners 2 min read

• Income Tax

Advantages of Limited Liability Partnership over Partners

Manager 9 years ago

Advantages of Limited Liability Partnership over Partners Limited Liability Partnership, abbreviated as LLP, is a kind of business organization. It has become very common now-a-days... Read More

Insurance Policy As An Investment 2 min read

• Income Tax

Insurance Policy As An Investment

Manager 9 years ago

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

Set off of unabsorbed depreciation 1 min read

• Income Tax

Set off of unabsorbed depreciation

Manager 9 years ago

Set off of unabsorbed depreciation    ... Read More

The grievances of the petitioner expressed in a letter is nothing but an appeal under Rule 86 of Second Schedule to the Income Tax Act 3 min read

• Income Tax

The grievances of the petitioner expressed in a letter is nothing but an appeal under Rule 86 of Second Schedule to the Income Tax Act

Manager 9 years ago

The Bombay High Court in the case of Vinod K. Bhagat vs. Tax Recovery Officer and Others, 2015 (3) TMI 105, held that the grievances... Read More

Simplest and easiest way to revise return under section 139(5) 2 min read

• Income Tax

Simplest and easiest way to revise return under section 139(5)

Manager 9 years ago

What is Revised Return? If an assessee has already filed the return before due date and subsequently he discovers that there is any omission or... Read More

New Proposed Direct Tax Bill To Revise Much More than Super Rich Income Tax Slab @ 35% 2 min read

• Income Tax

New Proposed Direct Tax Bill To Revise Much More than Super Rich Income Tax Slab @ 35%

Manager 9 years ago

The cabinet minister discussed the new revised tax code for direct tax. The revised bill for direct tax proposes a new higher slab of Income... Read More

Will “E-Scrutiny” help to deal with tax disputes? 2 min read

• Income Tax

Will “E-Scrutiny” help to deal with tax disputes?

Manager 9 years ago

Tax litigation in India require a positive approach involving people with sound understanding of law to provide practical solutions to tax payers to help them... Read More

Section 40A (3) disallowance applicable to payment by means of crossed cheque 2 min read

• Income Tax

Section 40A (3) disallowance applicable to payment by means of crossed cheque

Manager 9 years ago

The Gujarat High Court in a recent judgment pronounced on 26.4.2014 in the case of Rajmoti Industries vs. ACIT, held that payment through any crossed... Read More