The Important Highlights Of The Anil Chhaganlal vs. ACIT Case
The Case of Anil Chhaganlal vs. ACIT was held in ITAT Mumbai. It falls under the Section 68 of the Income Tax Act. What... Read More
Rebecca Ghomes
CBDT issues draft rules for valuation of unquoted shares
The current burning news state that the Indian government has introduced a new chapter in the tax department. The insertion of clause X by the... Read More
Industrial Leased property Rental Income- What is CBDT stand on it
The Central Board of Direct Taxes (CBDT) has cleared the air on taxation on Industrial Leased property Rental Income for letting out industrial leased property... Read More
Tax Implications on Conversion of Partnership firm in Private Limited Company
A partnership firm and a limited company are two different entities, in terms of legal liability. The company holds its independent legal entity and shareholders. But... Read More
What are the major differences between Fixed Maturity Plans And Fixed Deposits? Where should you invest your money?
Fixed Maturity Plans or FMPs are the fixed deposits or FDs of the mutual fund industry. The investors who are pretty aware of smart investment... Read More
What Are The Benefits Of Conversion of a Partnership firm into a Company?
Conversion of a partnership firm into a company is known as corporatization, which is the need of the hour. The entire world is gradually becoming... Read More
What to do if you get a Notice from Income Tax Department?
Notice from Income Tax Department is common, but there is nothing to worry about. Just produce the required documents and appear before the authority when... Read More
Online Income Tax Assesment System- Submission Of Income Tax assessment related documents Online
3 min read
Filing of Income tax returns and processing of other IT related documents, submitting of requests etc, will be easier, through the online window introduced on... Read More
Are you eligible as an Indian seafarer to get Income tax relief?
Recently a verdict by Kolkata income tax tribunal against a marine engineer has changed the concepts about income tax charged from the seafarers. The verdict... Read More
How to link Aadhar with PAN card? Need to complete the linking process within 31st December 2017
3 min read
As per instruction of government of India, taxpaying citizens or entities and other PAN card holders should link Aadhar with PAN card. The process and... Read More
Diving Deeper: The Impact of the New Tax Bill on Dairy and Farming Income 
Bombay High Court Upholds Section 271(1)(c) Penalty for Deliberate Non-Disclosure 
Reporting of Foreign Assets by Indian Taxpayers under Section 139(1) of the Income Tax Act 
Major Changes Expected in Direct Tax Code 2025 and why these matter