Currency Demonetization- Common Queries- Myths – How to declare the money being deposited- Notices by Assessing Officers and Dangers Ahead
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
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Black money conversion – talk of the town- Is your method fool proof
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
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?
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
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
Were influential People aware of the Currency Ban coming
It appears that some powerful and influential people were aware of the currency ban coming See following report, of BJP having deposited large amount of... Read More
Beware of the myth – deposit of Rs 2.5 lacs Cash in Bank Account may not be safe
As the Notes of denominations of Rs 500 and Rs 1000 stand withdrawn from the market, everybody is rushing to the banks to deposit or... Read More
Withdrawal of Rs 500 and Rs 1000 Currency Notes- understand consequences of exchanging with fresh currency
Withdrawal of currency notes of Rs 500 and Rs 1000 from circulation can have serious impact on some assesses. The scheme of withdrawal of these... Read More
Overcoming the withdrawal of old 500 and 1000 notes- Premium market for exchange of notes is already on
In yet another massive transformational move, PM Modi has done it again. His decision to withdraw the old 500 & 1000 notes from the market... Read More
Snapshot of Accounting Standard 16- AS16 – Borrowing Cost
Snapshot of AS16 (Accounting Standard 16) pertaining to Borrowing Cost Scope of AS16 Applied for accounting for borrowing cost Does not applies on actual or... Read More
Forfeiture of Gratuity by Employer- What are the Remedies for an employee- Can employer be challenged? 
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