soutrikjoy

Chartered Accountants, Professionals To Bear Penalty For Wrong Certificates And Reports 2 min read

• Income Tax

Chartered Accountants, Professionals To Bear Penalty For Wrong Certificates And Reports

soutrikjoy 8 years ago

The Central Government has over the period moved its focus more on voluntary compliance. Certain certificates and certification of reports by a qualified professionals have... Read More

Registering as Legal Heir in Case of the Death of Taxpayer 4 min read

• Income Tax

Registering as Legal Heir in Case of the Death of Taxpayer

soutrikjoy 8 years ago

There are certain queries coming from various Taxpayers on how to deal Tax liabilities and compliances after demise and what are legal requirements concerning Income Tax Liability... Read More

Section 80IBA Assures 100% Deduction For Affordable Housing Projects 4 min read

• Home Loans

Section 80IBA Assures 100% Deduction For Affordable Housing Projects

soutrikjoy 8 years ago

The tax pillars for the housing industry was a bit tougher in comparison to other sectors. But recently the Finance ministry of the government in... Read More

Penalty Not To Be Levied U/s. 271(1) (c) If “Bonafide Mistake” Made By Assessee 2 min read

• Income Tax

Penalty Not To Be Levied U/s. 271(1) (c) If “Bonafide Mistake” Made By Assessee

soutrikjoy 8 years ago

Penalty u/s 271(1)(c) cannot be levied where there is a bonafide mistake made by the assessee without any intention to evade tax. This was declared... Read More

CSR Expenditure and its deductions under Income Tax Act,1961 3 min read

• Income Tax

CSR Expenditure and its deductions under Income Tax Act,1961

soutrikjoy 8 years ago

  What is Corporate Social Responsibility?-Recently, CSR Expenditure has turned into a vital note much relative to Companies and big business houses. The term, in... Read More

GST Model’s effect over E-commerce sector 5 min read

• GST

GST Model’s effect over E-commerce sector

soutrikjoy 8 years ago

Electronic commerce or E-commerce has now turned into a growing trend in the business world. Basically, it evolves with buying and selling of good and... Read More

CBDT reframes circular for disallowance of “other sums chargeable” U/s 40(a)(i) 2 min read

• Income Tax

CBDT reframes circular for disallowance of “other sums chargeable” U/s 40(a)(i)

soutrikjoy 8 years ago

In a recent briefing done by CBDT alongside a letter addressed to all the Principal Chief Commissioner of Income Tax and Principal Director General of... Read More

TDS not applicable on Lump Sum Lease Premium 4 min read

• Income Tax

TDS not applicable on Lump Sum Lease Premium

soutrikjoy 8 years ago

Recently a circular was laid with TDS provisions of section 194-I of the Income-tax Act, 1961. According to that circular, Lump Sum lease premium or... Read More

What Insurance Companies do not tell you before selling Endowment Policies 3 min read

• Insurance

What Insurance Companies do not tell you before selling Endowment Policies

soutrikjoy 8 years ago

An Endowment Policy is basically a life insurance contract made between the insurer and the insured which not only covers the life of the insured... Read More