Assessment of Undisclosed Income in Income Tax Act u/s 133A
This arrangement is similar to VDS (Voluntary Disclosure Scheme). This scheme is effective from 1st June 2016. Declaration of undisclosed income or assets could be... Read More
Sourav
Investing in LIC? Think Again-it may not be good as investment option
LIC or better known as Life Insurance Corporation of India is the largest insurance provider in the country. LIC is such big an institution which aids... Read More
How to handle outstanding Income Tax demand?
2 min read
Income tax demand could arise due to several simple reasons. For instance, at the time of filing return, you might have wrongly fed the information... Read More
If you think investing in mutual funds or SIP is simple, think again
Ask any individual working in a decent organisation about his investment options. Very intuitively one gets choices like the stock market (restricted to the trading... Read More
Bought a wrong Insurance policy? Check out the remedies available
Usually, in India, people buy insurance policies on trust only. It could be a friend, agent, reputed banker or an insurance company. Whatsoever be the... Read More
GST & Changes in the Job Work rules
2 min read
Meaning of Job work: Where a person manufactures or produces on behalf of any other person (Raw material Supplier) such person are referred to as... Read More
What is Best Judgement Assessment?
2 min read
Understanding Best Judgement Assessment In the best judgement assessment, the A.O assesses the assessment in his own judgement to gather sufficient information and to form... Read More
Understanding Wilful Defaulter under Banking regulations in India
A person who has borrowed funds from bank and is essentially not using the fund for the right purpose or when he doesn’t pay back... Read More
Tax Liability of Non-Resident Indians working Abroad
With India moving towards a globalized age with sturdier economic relations being forged with developed and developing markets, employee engagements throughout the globe is quite... 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