Sourav

Some important points to be considered under Goods and Service Tax 5 min read

• GST

Some important points to be considered under Goods and Service Tax

Sourav 8 years ago

We are passing through the tax regime where complete indirect tax system will switch over to the Goods and Service Tax (GST) which includes four... Read More

A trust which is solely for the benefit on an individual could claim deduction under section 54F 3 min read

• Income Tax

A trust which is solely for the benefit on an individual could claim deduction under section 54F

Sourav 8 years ago

The Issue arose before the ITAT is that whether the assessee trust, which is only for the benefit of an individual, will be eligible to... Read More

Could you save yourself from the hands of income tax by transferring money to your spouse’s account? 4 min read

• Income Tax

Could you save yourself from the hands of income tax by transferring money to your spouse’s account?

Sourav 8 years ago

Have you ever transferred money to spouse’s account in order to meet her personal requirements and expenses? If this thing happens very often, then you... Read More

TDS u/s 194C is not required to be deducted when paying wages to laborers working under assessee’s direct supervision 2 min read

• Income Tax

TDS u/s 194C is not required to be deducted when paying wages to laborers working under assessee’s direct supervision

Sourav 8 years ago

Tapas Paul Vs ACIT (ITAT Kolkata) Facts of the case Assessing Officer has disallowed the payment made to the labourers by the assessee on the... Read More

Overview of E Way Bill (Electronic Way Bill) under GST Regime 3 min read

• GST

Overview of E Way Bill (Electronic Way Bill) under GST Regime

Sourav 8 years ago

In the transition phase of General sales tax to Value added Tax and the initiatives of E-Governance, like Goods and Service Tax (GST), many states have made several efforts,... Read More

Receipt of Unaccounted Income due to sale of Agricultural Land is not taxable 3 min read

• Income Tax

Receipt of Unaccounted Income due to sale of Agricultural Land is not taxable

Sourav 8 years ago

Whether the Receipt of unaccounted Income on sale of agricultural land can be brought in taxation ambit as unaccounted income? The Matter was discussed in following case... Read More

Stay of Demand of Income Tax by the Assessing Officer does not require an assessee to make a pre-deposit 3 min read

• Income Tax

Stay of Demand of Income Tax by the Assessing Officer does not require an assessee to make a pre-deposit

Sourav 8 years ago

Stay of Demand of Income Tax does not require and Pre-deposit of Tax by Assessee as has been held in following case where the Assessing... Read More

A deep dive into the Taxation of Non-Resident Indians Income 4 min read

• Income Tax

A deep dive into the Taxation of Non-Resident Indians Income

Sourav 8 years ago

NRIs or Non-Resident Indians are the Persons of Indian origin or citizens of India who qualify for NRI status for the relevant assessment year. Let’s... Read More

Overview of Job Work under the GST regime 4 min read

• GST

Overview of Job Work under the GST regime

Sourav 8 years ago

Job work means any process or any treatment undertaken by a person as per the specification of another registered taxable person (Raw material supplier) on... Read More

Mere low income cannot constitute understatement of income by an Assessing Officer 4 min read

• Income Tax

Mere low income cannot constitute understatement of income by an Assessing Officer

Sourav 8 years ago

The provisions contained in the section 147 of the Income Tax Act authorizes the Assessing Officer for reassessment by reopening the case wherever there is... Read More