Sourav

Part 1 – Presumptive taxation Scheme 44AD, 44DA ; 44AE 5 min read

• Income Tax

Part 1 – Presumptive taxation Scheme 44AD, 44DA ; 44AE

Sourav 8 years ago

For providing relief to minor and small taxpayers from the tiresome job relating to maintaining of books of account and getting them audited, the Government... Read More

Your Guide for IPCC exams 2 min read

• Student's Corner

Your Guide for IPCC exams

Sourav 8 years ago

In this blog, we will try to brainstorm some of the general guidance for preparing you for IPCC exams. This walkthrough is an add-on to... Read More

Section 115BBE and 68: Taxation of unexplained income 2 min read

• Income Tax

Section 115BBE and 68: Taxation of unexplained income

Sourav 8 years ago

Here in this blog, we try to highlight the unrecognized Section 115BBE of the Income-tax Act, which was applicable from the assessment year 2013-14. Unexplained investment,... Read More

Draft GST Invoice Rules 2 min read

• GST

Draft GST Invoice Rules

Sourav 8 years ago

The Indian Government is doing its best for rolling out the GST tax regime from 1st of April, 2017. Within few days after the initial... Read More

Cross-linking Income Tax Act and GST 2 min read

• GST

Cross-linking Income Tax Act and GST

Sourav 8 years ago

Model GST Law, specifically Section 25 speaks about the furnishing details with respect to outward supplies. Further, Section 26 speaks about furnishing of details with... Read More

How to Rectify a defective return of Income Tax 2 min read

• Income Tax

How to Rectify a defective return of Income Tax

Sourav 8 years ago

What is a Defective Return of Income Tax? A defective return of Income Tax is a return where the details provided by the assesse are... Read More

Snapshot of GST Composition Scheme 2 min read

• GST

Snapshot of GST Composition Scheme

Sourav 8 years ago

GST aims for covering a larger number of individuals and by keeping the threshold exemption limit of 10 Lakhs a lot of people will come... Read More

Penalty for Under-reporting and misreporting of income 2 min read

• Income Tax

Penalty for Under-reporting and misreporting of income

Sourav 8 years ago

Finance Bill 2016, has proposed to bring a big overhaul to the income tax regime with respect to penalty in the income-tax. Previously the regime... Read More

Shreemati Devi vs. CIT (Allahabad High Court)Assessing Officers not to harass tax payers and return seized assets as the appeal goes in favor of assessee 3 min read

• Income Tax

Shreemati Devi vs. CIT (Allahabad High Court)Assessing Officers not to harass tax payers and return seized assets as the appeal goes in favor of assessee

Sourav 8 years ago

Arrogance of the department in not returning the assets which were seized in spite of assessee having succeeded in the appeal is evidently illogical and brings... Read More

Taxation in Digital Economy- Taxation Policy for sourcing online from global sources is not possible 2 min read

• Income Tax

Taxation in Digital Economy- Taxation Policy for sourcing online from global sources is not possible

Sourav 8 years ago

In today’s world, due to advancement in the information and communications technology (ICT) the economy is seeing a transformation that has made technology more powerful,... Read More