Income Tax

Top Reasons where Taxpayers get into trouble with the Tax Authorities 3 min read

• Income Tax

Top Reasons where Taxpayers get into trouble with the Tax Authorities

Diksha Garg 8 years ago

There are top reasons where taxpayers get into trouble with the tax authorities. These cases were relatively rare earlier but are now becoming common in the... Read More

Industrial Leased property Rental Income- What is CBDT stand on it 3 min read

• Income Tax

Industrial Leased property Rental Income- What is CBDT stand on it

Rebecca Ghomes 8 years ago

The Central Board of Direct Taxes (CBDT) has cleared the air on taxation on Industrial Leased property Rental Income for letting out industrial leased property... Read More

APPEALS PROCEEDINGS UNDER INCOME TAX ACT, 1961 27 min read

• Income Tax

APPEALS PROCEEDINGS UNDER INCOME TAX ACT, 1961

Manager 8 years ago

­­­­­­­­­­­­­­­­­­­­­­­­The term appeal has nowhere been defined under the Income Tax Act.   However as per Mozley and Whiteley’s Law Dictionary “Appeal is a complaint... Read More

Taxmen Following you on Facebook: Be Cautious on Uploading your Holiday Pictures on Facebook 3 min read

• Income Tax

Taxmen Following you on Facebook: Be Cautious on Uploading your Holiday Pictures on Facebook

Diksha Garg 8 years ago

It may be a reality with you that you have not paid your taxes in time and went on a holiday or bought a shiny... Read More

Merits & Demerits of Investing in Equity Savings Scheme 2 min read

• Income Tax

Merits & Demerits of Investing in Equity Savings Scheme

Manager 8 years ago

In exercise of the powers conferred by 80CCG  (1) of the Income-tax Act, 1961 (43 of 1961), the Central Government of India has formulated the ... Read More

Assessing Officer not entitled to reopen assessment for his change of opinion 2 min read

• Income Tax

Assessing Officer not entitled to reopen assessment for his change of opinion

Manager 8 years ago

Reassessment is a tool of the Income Tax  Department. It gives the Assessing Officer the power to reassess income, of an assessee which has not... Read More

Receipt of Unaccounted Income due to sale of Agricultural Land is not taxable 3 min read

• Income Tax

Receipt of Unaccounted Income due to sale of Agricultural Land is not taxable

Sourav 8 years ago

Whether the Receipt of unaccounted Income on sale of agricultural land can be brought in taxation ambit as unaccounted income? The Matter was discussed in following case... Read More

Penalty U/s 271DA For Violation Of S. 269ST Of The Income-tax Act, 1961 3 min read

• Income Tax

Penalty U/s 271DA For Violation Of S. 269ST Of The Income-tax Act, 1961

Diksha Garg 8 years ago

The issue being examined is about the law applicable to sections 269ST and 271DA of the Income-tax Act, 1961. Whether the Penalty U/s 271DA For Violation... Read More

Stay of Demand of Income Tax by the Assessing Officer does not require an assessee to make a pre-deposit 3 min read

• Income Tax

Stay of Demand of Income Tax by the Assessing Officer does not require an assessee to make a pre-deposit

Sourav 8 years ago

Stay of Demand of Income Tax does not require and Pre-deposit of Tax by Assessee as has been held in following case where the Assessing... Read More

Delay in filing of Appeal by the Income Tax Department- Not acceptable to the HC 3 min read

• Income Tax

Delay in filing of Appeal by the Income Tax Department- Not acceptable to the HC

Diksha Garg 8 years ago

High court has made it clear that will not accept the Delay in filing of appeal by the Income Tax Department. Find out in detail below... Read More