A Quick Guide To The Income Tax Manual Scrutiny Criteria for 2017-18
Every year the Central Board of Direct Taxes (CBDT) releases the criteria for Income Tax manual scrutiny. When you are planning to file your tax... Read More
Income Tax
- Your guide to understanding and filing income tax returns.
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Assessing Officer cannot review total order of Income Tax u/s 154 assessment on debatable issues
5 min read
The Case pertains and revolves around the issue that the mistake sought to be corrected u/s 154 by Assessing Officer must be obvious that such... Read More
Application u/s 80G (5) (vi) for approval of the registration- The Case of Gyaan Vikas Foundation Siliguri Vs C.I.T (ITAT Kolkata)
The Assessee here in the Case of Gyaan Vikas Foundation Siliguri Vs C.I.T (ITAT Kolkata) is a trust which was executed at Siliguri on 27th February... Read More
How To Deduct TDS on Property Sale u/s 194IA?
TDS on property sale is a very good method of controlling the developments in the real estate sector. Last few years, there has been a... Read More
The assessee owned a portion of land in Shivaji Nagar, Pune. The land was occupied by a bungalow, a tenanted bungalow, a garage and two... Read More
Use accounting tricks and save your hard-earned money from paying taxes
The world of finance is now full of illegal trading and sharing of information between the wealthy. It is not good to be rich! Rich... Read More
Playing in stock market? Know your options for filing returns
When you are working at a firm for a fixed salary, filing tax returns can pose a problem if you have engaged yourself in playing... Read More
Income Tax Liability on Profit or Loss for Trading in Futures and Options
It always confuses taxpayers on the procedures of filing tax returns against any income generated from the trading in Futures and Options. Income tax on... Read More
Levy of Penalty under section 272A(2)(K)- The Case of Argus Golden Trades India Ltd vs. JCIT (ITAT Jaipur)
Penalty under section 272A(2)(K)- A judicial interpretation- What penalties were levied? Penalty under section 272A(2)(K) had been levied . This stated that a copy of... Read More
Taxing Profit or Loss for Trading in Futures and Options
It always confuses taxpayers on the procedures of filing tax returns against any income generated from the trading in Futures and Options. Income tax on... Read More
Major Changes Expected in Direct Tax Code 2025 and why these matter 
Can an assessee pay House Rent to his parents and claim relief? Would there be any legal complications? 
Boost Your Business & Reduce Taxes: A Guide to Maximizing Benefits Under Section 80JJAA 
What is remedy to taxpayer if the Tax deductor fails to deposit the TDS or fails to file TDS Return