Income Tax

All about Intra Day trading 2 min read

• Income Tax

All about Intra Day trading

Manager 9 years ago

All about Intra Day trading An insight into Intra Day Trading The common name for Intra Day Trading is “Day Trading”.  Here, a trader acquires... Read More

Is Prosecution the Best Deterrance for Tax Evasion? 2 min read

• Income Tax

Is Prosecution the Best Deterrance for Tax Evasion?

Manager 9 years ago

An interesting issue at present is whether criminal prosecution is an effective deterrence for tax evasion in India. Does the Government actually consider that prosecution... Read More

The legal implications of sham transactions 4 min read

• Income Tax

The legal implications of sham transactions

Manager 9 years ago

A sham transaction is a business deal entered into parties for the purpose of deception, like to escape a tax liability or in other words... Read More

Purpose of Scrutiny Assessment as per the IT Act 3 min read

• Income Tax

Purpose of Scrutiny Assessment as per the IT Act

Manager 9 years ago

The cases that are selected for scrutiny are enquired into by the assessing officer who conducts required enquiries during the course of assessment proceedings with... Read More

One can avail Deductions for both House Rent Allowance and Home Loan 2 min read

• Income Tax

One can avail Deductions for both House Rent Allowance and Home Loan

Manager 9 years ago

A very common question that comes in one’s mind is that if someone claims a deduction for House Rent Allowance (HRA) against his taxable income,... Read More

Tax Planning Tips for the Year2012-13 2 min read

• Income Tax

Tax Planning Tips for the Year2012-13

Manager 9 years ago

Tax planning is very crucial now-a-days. An intelligent thinking can be of great help and can assist a lot to avoid paying huge amount of... Read More

Definition Of Service As Per Service Tax Act 2 min read

• Income Tax

Definition Of Service As Per Service Tax Act

Aditijh 9 years ago

Definition Of Service As Per Service Tax Act Service as per Service Tax is described as the action that is taken for consideration and is... Read More

Penalty under section 271 (1) (c) cannot be levied only as there has been an addition based on valuation of the Registering Authority 5 min read

• Income Tax

Penalty under section 271 (1) (c) cannot be levied only as there has been an addition based on valuation of the Registering Authority

9 years ago

The ITAT Hyderabad in the case of Bhavya Anant Udeshi Hyderabad-500034 having PAN AALPUB8857A (appellant) vs. The Income Tax Officer (International Taxation)-I, Hyderabad- 500004 (respondent),... Read More

Transfer pricing rules in India 4 min read

• Income Tax

Transfer pricing rules in India

Aditijh 9 years ago

Commercial transactions between the different multinational groups may not take place through the same market forces existing between the two independent companies. One company often... Read More

A summary on taxability of gifts 2 min read

• Income Tax

A summary on taxability of gifts

9 years ago

Are you worried about the cash gifts received from your near relations? One should know the tax implications of gifts before making or receiving them.... Read More