Income Tax

Taxability of Capital Gain on Sale of Agricultural Land 4 min read

• Income Tax

Taxability of Capital Gain on Sale of Agricultural Land

Rajbir Chawla 8 years ago

Taxability of Capital Gain on Sale of Agricultural Land Sale of agricultural land is liable to tax except for rural agriculture land, as the rural... Read More

Fast and Cost Effective ways to Transfer Money abroad 3 min read

• Income Tax

Fast and Cost Effective ways to Transfer Money abroad

Skumar 8 years ago

Fast and Cost Effective Ways to Transfer Money abroad With globalization and digitalization reducing the world to a global village, accessing products and services from... Read More

Tax Rates on undisclosed income sky rocketing at 82.5%- Tax Planning and not Tax evasion need of the hour 3 min read

• Income Tax

Tax Rates on undisclosed income sky rocketing at 82.5%- Tax Planning and not Tax evasion need of the hour

Sourav 8 years ago

If you have got any credit in Bank account, that may not necessarily be an explained income. In some cases even if the assessee has... Read More

Transfer of assets of partnership firm among the partners on retirement not subject to Capital Gains Tax 3 min read

• Income Tax

Transfer of assets of partnership firm among the partners on retirement not subject to Capital Gains Tax

Sourav 8 years ago

As is renowned in income-tax forums, there is a lot of disagreement regarding the interpretation of section 45(4) of the Income-Tax Act, 1961. As per section... Read More

Income Tax Benefits against repayment of Home Loan principal and Interest- Loan taken jointly or in single name 3 min read

• Income Tax

Income Tax Benefits against repayment of Home Loan principal and Interest- Loan taken jointly or in single name

Sourav 8 years ago

While taking a home loan one should keep in mind certain Income Tax Benefits against repayment of home loan. Repayment of Home Loan can be... Read More

Income Tax: Reopening of assessments based on mere doubts cannot be entertained in law 5 min read

• Income Tax

Income Tax: Reopening of assessments based on mere doubts cannot be entertained in law

Baisakhi Ganguly 8 years ago

The Income Tax Tribunal at Mumbai on the case of Torm Shipping India Pvt. Ltd. (earlier called Orinoco Marine Consultancy India Pvt. Ltd.), Second Floor,... Read More

Penalty Not To Be Levied U/s. 271(1) (c) If “Bonafide Mistake” Made By Assessee 2 min read

• Income Tax

Penalty Not To Be Levied U/s. 271(1) (c) If “Bonafide Mistake” Made By Assessee

soutrikjoy 8 years ago

Penalty u/s 271(1)(c) cannot be levied where there is a bonafide mistake made by the assessee without any intention to evade tax. This was declared... Read More

Good Openings for Chartered Accountants, CA-Inter Candidates with a reputed group- Vacancies in Bangalore. Gurgaon and Aurangabad 1 min read

• Income Tax

Good Openings for Chartered Accountants, CA-Inter Candidates with a reputed group- Vacancies in Bangalore. Gurgaon and Aurangabad

Rajbir Chawla 8 years ago

15th December 2016- Do you have Fire in you! Are you are Bright Chartered Accountant with a zeal to perform? Do want to serve with... Read More

Filing Return of Income Tax in ITR2 ?- Here is Guide to Filing Return form ITR 2 Online 7 min read

• Income Tax

Filing Return of Income Tax in ITR2 ?- Here is Guide to Filing Return form ITR 2 Online

Sourav 8 years ago

ITR-2 is the income tax return form for people having taxable income from salaries, investments, House Property and capital Gain etc. These investments could be... Read More

Reassessment under Section 147 for increase in revenue due to demonetization 2 min read

• Income Tax

Reassessment under Section 147 for increase in revenue due to demonetization

Sourav 8 years ago

The Government of India for curbing the black economy has stimulated people for shifting towards the digital payment mode for their financial transactions using net... Read More