Rebecca Ghomes

Direct Evidence needed for adding cash Income to the Assessee 2 min read

• Income Tax

Direct Evidence needed for adding cash Income to the Assessee

Rebecca Ghomes 6 years ago

The case was heard by the Income Tax Appellant Tribunal between the ACIT of the eighth circle of Mumbai henceforth to be referred as Revenue... Read More

Jurisdictional Requirements should be met for Penal Charges to be applicable under Sec 271AAA 2 min read

• Income Tax

Jurisdictional Requirements should be met for Penal Charges to be applicable under Sec 271AAA

Rebecca Ghomes 6 years ago

There is a protocol that is followed in every search and seizure operation conducted by the Income Tax Department. The Assessing officer has guidelines to... Read More

Tax evasion in India – Why do Indians feel they are justified in evading income tax? 3 min read

• Income Tax

Tax evasion in India – Why do Indians feel they are justified in evading income tax?

Rebecca Ghomes 6 years ago

The most stereotype thought process amongst Indian population is that “if such a few numbers of people pay taxes why should I?”. This is because... Read More

Stay away from CAs and Advocates Who Misguide You to Get Higher Returns 2 min read

• Income Tax

Stay away from CAs and Advocates Who Misguide You to Get Higher Returns

Rebecca Ghomes 6 years ago

Income tax filing process should be seamless and accurate. If you follow the basics, there would be minimal hassles with this process. However, if you... Read More

New tax rules amendments for religious organizations and institutions by Central Board of Direct Taxes 2 min read

• Income Tax

New tax rules amendments for religious organizations and institutions by Central Board of Direct Taxes

Rebecca Ghomes 7 years ago

Central Board of Direct Taxes issues regulations pertaining to any Finance Act or forms new regulations regarding tax in the country. The finance act of... Read More

Jurisdictional Requirements should be met for Penal Charges to be applicable under Section 271AAA 2 min read

• Income Tax

Jurisdictional Requirements should be met for Penal Charges to be applicable under Section 271AAA

Rebecca Ghomes 7 years ago

There is a protocol that is followed in every search and seizure operation conducted by the Income Tax Department. The Assessing officer has guidelines to... Read More

Rules for Tax Calculation from Life Insurance under Sec 194DA 2 min read

• Income Tax

Rules for Tax Calculation from Life Insurance under Sec 194DA

Rebecca Ghomes 7 years ago

Let us commit that one way or the other we all have got life Insurance policies just not only for the insurance coverage but with... Read More

Can you become a GST practitioner in India? Eligibility and Process to become GST Practitioner 3 min read

• Income Tax

Can you become a GST practitioner in India? Eligibility and Process to become GST Practitioner

Rebecca Ghomes 7 years ago

GST is the biggest topic of discussion in India right now. This tax overhaul came with applaud and criticism alike, but there is no denying... Read More

What Is The GST Liability on Free Supply of Goods and Services? 3 min read

• GST

What Is The GST Liability on Free Supply of Goods and Services?

Rebecca Ghomes 7 years ago

It has been a common norm for free supply of goods and services before their official introduction into the market. This includes the free sample... Read More

What is The Reverse Charge Mechanism under Goods and Service Tax (GST)? 3 min read

• Income Tax

What is The Reverse Charge Mechanism under Goods and Service Tax (GST)?

Rebecca Ghomes 7 years ago

A revolutionary change has been brought about the entire taxation system of India, with the onset of a new tax structure named Goods and Service... Read More