Income Tax

Business Expenditure in Income Tax Act under Section 37(1) 2 min read

• Income Tax

Business Expenditure in Income Tax Act under Section 37(1)

Anuj Mathur 8 years ago

Business expenditure -income tax act  u/s 37(1) states that if a director of company hires lawyers to represent his favor in court then his/her expenditure... Read More

Major Reform – Goods and Service Tax Bill Introduced in India, 3 min read

• GST

Major Reform – Goods and Service Tax Bill Introduced in India,

Anuj Mathur 8 years ago

Recently, Government of India has passed the Goods and Service tax bill in India. Taxes in India were collected in two forms i.e. State Government... Read More

The key to Tax Planning 3 min read

• Income Tax

The key to Tax Planning

Manager 8 years ago

Tax Planning deals with making investments for the purpose of reducing the tax liability and increasing returns. Let us know the key to tax planning... Read More

Income Tax Forms download and which form is best for me 2 min read

• Income Tax

Income Tax Forms download and which form is best for me

Manager 8 years ago

Depending upon your income, you need to use different income tax forms which can be easily downloaded from the official website of Income Tax Department... Read More

Does loan transaction between a firm and its partner attract provisions of section 269SS? 2 min read

• Income Tax

Does loan transaction between a firm and its partner attract provisions of section 269SS?

Manager 8 years ago

The question was raised as to whether a loan transaction between a firm and its partner attracts the provision of Section 269SS of the Income... Read More

Draft Assessment – Bombay High Court Judgment 2 min read

• Income Tax

Draft Assessment – Bombay High Court Judgment

Anuj Mathur 9 years ago

The draft assessment request on 30th March, 2015 was even with the choice for  the Supreme Court in GKN Driveshafts (India) Ltd v/s Income Tax Officer and Others reported... Read More

How to file an Electronic Audit Report? 2 min read

• Income Tax

How to file an Electronic Audit Report?

Manager 9 years ago

New e-filing site launched by the Income Tax department: The Income Tax department has begun a new e-filing website. Taxpayers can LOGIN at the website... Read More

Income Tax Scrutiny Aspects In India 3 min read

• Income Tax

Income Tax Scrutiny Aspects In India

Manager 10 years ago

In general, income tax department cannot assess all the income tax returns filed in one financial year. Hence, normally random scrutiny for assessing the assessee... Read More