The total capital gains should be included without computing the benefits of indexation while computing the “book profits”
The ITAT, Mumbai Bench in the case of Dharmayug Investments Ltd., The Times of India Bldg., Dr D N Road, Fort Mumbai 400 001 (PAN... Read More
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Will “E-Scrutiny” help to deal with tax disputes?
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
How to file an Electronic Audit Report?
2 min read
New e-filing site launched by the Income Tax department: The Income Tax department has begun a new e-filing website. Taxpayers can LOGIN at the website... Read More
Input Tax Credit under GST
3 min read
Goods and Service Tax (in short GST), is a tax reform of present India to implement a new tax regime in the country. The proposed... Read More
CBDT Loosen up the Rules for Providing Information regarding Payments made to NRIs
Section 195 of the Income tax act empower the Central Board of Direct Taxes to capture information in respect of payments made to non-residents,... Read More
The key features of the proposed GST return
3 min read
The Joint Committee on Business Process has very recently submitted its Report on GST Return in connection with Goods and Services Tax. Features of the... Read More
Section 54G does not mandate that machinery should be acquired in the same year of transfer
4 min read
The Hon’ble Supreme Court in Civil Appeal Nos. 5525-5526 of 2005, M/S Fibre Boards (P) LTD., Bangalore vs. the Commissioner of Income Tax, Bangalore, has... Read More
Do’s and don’ts of a Survey under the Income Tax Act, 1961
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
Non-reporting of actual income for taxation as an error
Though we require filing income tax returns (ITR) every year, we are still prone to errors. There are some errors which are often made by... Read More
An Assessing Officer should help the tax payers in a reasonable manner
The Income Tax Appellate Tribunal in Shri Paramjeet Singh Chhabra vs. Income Tax Officer 1(2) being ITA No. 1 12/Ind/2013 (for the A.Y. 2005-06) by... Read More
Major Changes Expected in Direct Tax Code 2025 and why these matter 
Can an assessee pay House Rent to his parents and claim relief? Would there be any legal complications? 
Boost Your Business & Reduce Taxes: A Guide to Maximizing Benefits Under Section 80JJAA 
What is remedy to taxpayer if the Tax deductor fails to deposit the TDS or fails to file TDS Return