Income Tax

Cessation and Remission of trading liabilitying Officer needs to investigate and bring on records the material before adding to the Income of assesse 4 min read

• Income Tax

Cessation and Remission of trading liabilitying Officer needs to investigate and bring on records the material before adding to the Income of assesse

Sourav 8 years ago

Facts of the Case-  as derived from the record are that in the course of assessment proceedings.  The A.O. found that the assessee’s balance sheet... Read More

Part 2 – Presumptive taxation Scheme 44AD, 44DA ; 44AE 5 min read

• Income Tax

Part 2 – Presumptive taxation Scheme 44AD, 44DA ; 44AE

Sourav 8 years ago

Applicability of Presumptive Taxation Scheme under section 44ADA: Presumptive Taxation scheme under section 44ADA designed for the small taxpayers who are engaged in providing professional... Read More

Part 1 – Presumptive taxation Scheme 44AD, 44DA ; 44AE 5 min read

• Income Tax

Part 1 – Presumptive taxation Scheme 44AD, 44DA ; 44AE

Sourav 8 years ago

For providing relief to minor and small taxpayers from the tiresome job relating to maintaining of books of account and getting them audited, the Government... Read More

5 Methods for NRIs to get their Old Demonetized Currency Exchanged 3 min read

• Income Tax

5 Methods for NRIs to get their Old Demonetized Currency Exchanged

Akanksha 8 years ago

Demonetization of Rs. 500 and Rs. 1,000 currency notes has not only taken the Indian citizens by surprise but also created quite a situation for... Read More

Don’t do any of these 18 type of transactions traceable through your Quoting of PAN number 3 min read

• Income Tax

Don’t do any of these 18 type of transactions traceable through your Quoting of PAN number

Akanksha 8 years ago

Hiding black money has now become difficult with the Indian government’s recent demonetization drive wherein it has mandated the Quoting of PAN for cash deposits... Read More

Currency Demonetization- Common Queries- Myths – How to declare the money being deposited- Notices by Assessing Officers and Dangers Ahead 7 min read

• Income Tax

Currency Demonetization- Common Queries- Myths – How to declare the money being deposited- Notices by Assessing Officers and Dangers Ahead

Manager 8 years ago

In the coming weeks, Property values are expected to crash due to likely hood of Government coming down heavily on Benami Property deals, on Jewelers... Read More

Black money conversion – talk of the town- Is your method fool proof 7 min read

• Income Tax

Black money conversion – talk of the town- Is your method fool proof

Akanksha 8 years ago

Black money is basically the money that has not gone under the scrutiny of the tax department and somehow has been kept aloof from money... Read More

Cash deposits from Nov 09, 2016 to Dec 30, 2016 – CBDT’s Notification 2 min read

• Income Tax

Cash deposits from Nov 09, 2016 to Dec 30, 2016 – CBDT’s Notification

Akanksha 8 years ago

With the demonetisation drive going strong across the country, CBDT today notified about the compulsory quoting of PAN for all cash deposits exceeding Rs. 50000/-... Read More

How to seek Ombudsman help against harassment by Assessing Officer? 3 min read

• Income Tax

How to seek Ombudsman help against harassment by Assessing Officer?

Akanksha 8 years ago

Income Tax Ombudsman was introduced in 2006 with an objective to provide a platform for complaints relating to public grievances against Income Tax Department and... Read More

Section 115BBE and 68: Taxation of unexplained income 2 min read

• Income Tax

Section 115BBE and 68: Taxation of unexplained income

Sourav 8 years ago

Here in this blog, we try to highlight the unrecognized Section 115BBE of the Income-tax Act, which was applicable from the assessment year 2013-14. Unexplained investment,... Read More