Income Tax

A Quick Guide to Property Tax in Malta 3 min read

• Income Tax

A Quick Guide to Property Tax in Malta

Rajbir Chawla 7 years ago

Owning property in the island nation of Malta is a delight really and while that has a lot to do with the beautiful location itself,... Read More

A Guide to Capital Gains Tax in Perth Australia 3 min read

• Income Tax

A Guide to Capital Gains Tax in Perth Australia

Rajbir Chawla 7 years ago

Any time you sell a capital asset (i.e. – a real estate property or shares in a company) typically the sale is made for either... Read More

New tax rules amendments for religious organizations and institutions by Central Board of Direct Taxes 2 min read

• Income Tax

New tax rules amendments for religious organizations and institutions by Central Board of Direct Taxes

Rebecca Ghomes 7 years ago

Central Board of Direct Taxes issues regulations pertaining to any Finance Act or forms new regulations regarding tax in the country. The finance act of... Read More

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

• Income Tax

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

Rebecca Ghomes 7 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

Basic Accounting Principles for Lawyers 3 min read

• Income Tax

Basic Accounting Principles for Lawyers

Rajbir Chawla 7 years ago

Basic Accounting Principles for Lawyers Very few lawyers are also accountants and few accountants have a legal background. This means that many law firms are... Read More

The Assessing Officer cannot point Fake Purchase under section 69C 3 min read

• Income Tax

The Assessing Officer cannot point Fake Purchase under section 69C

Diksha Garg 7 years ago

The Assessing Officer cannot point Fake Purchase under section 69C, in a case where all the sales and purchase transactions are appropriately mentioned in the... Read More

If you true in paying the Tax, CIT can also be wrong as clear from this case 3 min read

• Income Tax

If you true in paying the Tax, CIT can also be wrong as clear from this case

Diksha Garg 7 years ago

If you true in paying the Tax, CIT can also be wrong as clear from this case. The assessee filed the appeal in disagreement with... Read More

If a case is manually selected for the inspection, CIT needs to manifest the application of mind for granting approval for scrutiny 3 min read

• Income Tax

If a case is manually selected for the inspection, CIT needs to manifest the application of mind for granting approval for scrutiny

Diksha Garg 7 years ago

If a case is manually selected for the inspection, CIT needs to manifest the application of mind for granting approval for scrutiny. Details of M/s Brothers... Read More

Form 10A and Rule 17A May See an Amendment in Future: CBDT Issues Draft Notification 2 min read

• Income Tax

Form 10A and Rule 17A May See an Amendment in Future: CBDT Issues Draft Notification

Diksha Garg 7 years ago

Central Board of Direct Taxes has issued a statement that the present Finance Act, 2017, will be incorporated with a fresh clause (ab) in sub-section... Read More

Reopening of assessment- Change of Opinion or Failure to apply Mind- Crescent Construction Co vs. ACIT (ITAT Mumbai) 3 min read

• Income Tax

Reopening of assessment- Change of Opinion or Failure to apply Mind- Crescent Construction Co vs. ACIT (ITAT Mumbai)

Diksha Garg 7 years ago

Discussion on reopening of assessments in the context of “change of opinion” vs. “failure to apply mind,” under s. 147/148, read with section 114 of... Read More