Income Tax

Highhandedness of the Income Tax and Excise Officers 3 min read

• Income Tax

Highhandedness of the Income Tax and Excise Officers

9 years ago

The curse of the Indian government establishment is that power is in the hands of people with low self-disposition and they run amok with it.... Read More

What is Not Service as Per Service Tax: Negative List 4 min read

• Income Tax

What is Not Service as Per Service Tax: Negative List

9 years ago

Negative List Of Services As Introduced In Year 2012’s Budget : A new concept of negative list for service tax was announced in the year... Read More

An agricultural land should be within the distance of 8 Kms. from the local limit of the municipality but not from the boundary of the village wherein such land is situated 3 min read

• Income Tax

An agricultural land should be within the distance of 8 Kms. from the local limit of the municipality but not from the boundary of the village wherein such land is situated

9 years ago

The ITAT, Delhi in the case of Assistant Commissioner of Income Tax vs. Vijay Singh Kadan, Legal Heir of Late Shri Randhir Singh Kadan, 2014... Read More

All about Wealth Tax 3 min read

• Income Tax

All about Wealth Tax

9 years ago

In India the Wealth Tax Act puts an obligation upon people to pay tax on the wealth held by them. It is payable on the... Read More

Impact of the Companies Act, 2013 on audit and auditors 4 min read

• Income Tax

Impact of the Companies Act, 2013 on audit and auditors

9 years ago

The long-awaited Companies Bill 2013 was finally passed by the Lok Sabha on 18.12.2012 and by the Rajya Sabha on 8.8.2013. After receiving the assent... Read More

Can seized cash be adjusted against advance tax? 2 min read

• Income Tax

Can seized cash be adjusted against advance tax?

9 years ago

The Finance Bill, 2013 has inserted an Explanation to section 132B of Income Tax Act, 1961, which states that the “existing liability” does not include... Read More

When and How To Complain Against Assessing IT Officer 2 min read

• Income Tax

When and How To Complain Against Assessing IT Officer

9 years ago

It is not that always the income tax payer is on the wrong side. Sometimes, the behavior and the attitude of the income tax assessing... Read More

Deduction under Section 43B of the Income Tax Act 2 min read

• Income Tax

Deduction under Section 43B of the Income Tax Act

9 years ago

A deduction which is otherwise allowed as per the provisions of the Income Tax Act regarding — a)   Any amount which is payable by... Read More

Supreme Court passes judgment supporting penalty under section 271(1) (c) 2 min read

• Income Tax

Supreme Court passes judgment supporting penalty under section 271(1) (c)

9 years ago

Very recently, the Supreme Court in the case of MAK Data Pvt. Ltd. vs. CIT (C.A.No.9772 of 2003 ) passed the judgment in connection with section... Read More

Have you been served an income tax notice? Do not panic 4 min read

• Income Tax

Have you been served an income tax notice? Do not panic

9 years ago

Most of the taxpayers have little knowledge about a tax; as such they panic upon receiving a tax notice.  But instead of panicking, one should... Read More