Change in the Rates of TDS for FY 2017-18 and the applicable areas
TDS means Tax Deducted at Source and this is one of the modes by which taxes are collected. This chart features the tax deduction rates... Read More
Income Tax
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Taxability of House Rent Allowance and deductions available under 88 GG for rent paid
House Rent Allowance (HRA) is a general component of salary structure and allowed as allowance. Though House Rent Allowance is a part of the salary,... Read More
Overview of the Various Restrictions and Analysis of Section 269ST of Income Tax Act
The Finance Bill, 2017 has something new to propose and to insert a new section 269ST in the Indian IT Act, 1961 w.e.f 1st April... Read More
Transactions in cash and future segment cannot be segregated for the purpose of Income Tax
6 min read
The Income Tax Appellate Tribunal at Mumbai in the case of ITA No.3654/M/2014 Assessment Year 2009-10 filed by M/s. J.M. Financial Services Ltd., (Formerly J.M.... Read More
Amendments to Provisions of Tax Audit and provisions with respect to maintenance books of account
4 min read
A person is liable to get his books and accounts audited U/s 44AB (Tax Audit) by a practicing Chartered Accountant, if in the previous financial... Read More
Recent Amendments for Taxation of Charitable Trust introduced in the Union Budget 2017
There were many amendments in Budget 2017 were made and proposed by Finance Minister regarding Taxation of Charitable Trust. First Amendment governing taxation of Charitable... Read More
Impact of restricting loss in House Property Income on second house’s loan after Budget 2017?
3 min read
The Finance Bill 2017 brought some relief to small taxpayers by reducing tax slab rates, reducing time limit for long term capital assets but it... Read More
Analysis and Highlights of Finance Budget 2017 – Part 2
In continuation to our previous article on Analysis and Highlights of Finance Budget 2017, enlisted below are the highlights of changes in indirect taxes in... Read More
Analysis and highlights of Finance Budget 2017- Part 1
Union Finance Minister Mr. Arun Jaitley on 1st of February 2017 announced the most highly anticipated Finance Budget 2017. After demonetisation, a progressive budget was... Read More
Now you can easily communicate with the IT department through online assessment
It is very easy to view the email of the notices issued by the Income tax department and even respond to the same by logging... Read More
Employer can forfeit gratuity of an employee in case of moral turpitude 
Diving Deeper: The Impact of the New Tax Bill on Dairy and Farming Income 
Bombay High Court Upholds Section 271(1)(c) Penalty for Deliberate Non-Disclosure 
Reporting of Foreign Assets by Indian Taxpayers under Section 139(1) of the Income Tax Act