Income Tax

Capital Gains vs. Business Profits 3 min read

• Income Tax

Capital Gains vs. Business Profits

Diksha Garg 6 years ago

Capital gain arising out of holding shares for a short period will not convert it into business income. An Assessee has two separate portfolios one... Read More

The Importance of Form 16: Time to make a note of it, Taxpayers 3 min read

• Income Tax

The Importance of Form 16: Time to make a note of it, Taxpayers

Diksha Garg 6 years ago

Form 16 is a TDS (Tax Deducted at source) certificate which is issued by an employer/bank/company as they deduct tax while making payments to its... Read More

CBDT on STT requisites and Capital gains taxation- Cases where STT not Applicable 3 min read

• Income Tax
• Income Tax News and Analysis

CBDT on STT requisites and Capital gains taxation- Cases where STT not Applicable

Diksha Garg 6 years ago

Securities Transaction Tax (STT) is a direct tax which is levied on acquisition and transfer of securities listed on the recognized stock exchanges. It is... Read More

Anguish amongst Taxpayers over GST Networks- Flaws in GST Management Leads to Increased the Concerns of the Businesses in India 3 min read

• Income Tax

Anguish amongst Taxpayers over GST Networks- Flaws in GST Management Leads to Increased the Concerns of the Businesses in India

Diksha Garg 6 years ago

India’s biggest tax restructuring of the goods and services tax has not been able to appeal the taxpayers. This has been the first most significant... Read More

Understanding Exemptions under Section 54, 54EC & 54F 5 min read

• Income Tax

Understanding Exemptions under Section 54, 54EC & 54F

Diksha Garg 6 years ago

Section 54 of the Income Tax Act, 1961 provides the seller of a residential property with relief from capital gains tax, if the proceeds from... Read More

Direct Evidence needed for adding cash Income to the Assessee 2 min read

• Income Tax

Direct Evidence needed for adding cash Income to the Assessee

Rebecca Ghomes 6 years ago

The case was heard by the Income Tax Appellant Tribunal between the ACIT of the eighth circle of Mumbai henceforth to be referred as Revenue... Read More

Jurisdictional Requirements should be met for Penal Charges to be applicable under Sec 271AAA 2 min read

• Income Tax

Jurisdictional Requirements should be met for Penal Charges to be applicable under Sec 271AAA

Rebecca Ghomes 6 years ago

There is a protocol that is followed in every search and seizure operation conducted by the Income Tax Department. The Assessing officer has guidelines to... Read More

Home Loans and How to Pay Your Home Off in Half the Time 4 min read

• Income Tax

Home Loans and How to Pay Your Home Off in Half the Time

Rajbir Chawla 6 years ago

Having a home can be a huge leap toward financial independence and can be a huge statement towards your personal achievements. However, not everyone is... Read More

Tax evasion in India – Why do Indians feel they are justified in evading income tax? 3 min read

• Income Tax

Tax evasion in India – Why do Indians feel they are justified in evading income tax?

Rebecca Ghomes 6 years ago

The most stereotype thought process amongst Indian population is that “if such a few numbers of people pay taxes why should I?”. This is because... Read More

Stay away from CAs and Advocates Who Misguide You to Get Higher Returns 2 min read

• Income Tax

Stay away from CAs and Advocates Who Misguide You to Get Higher Returns

Rebecca Ghomes 6 years ago

Income tax filing process should be seamless and accurate. If you follow the basics, there would be minimal hassles with this process. However, if you... Read More