Income Tax

Date of Possession of Property – is it Same as Date of Purchase? 2 min read

• Income Tax

Date of Possession of Property – is it Same as Date of Purchase?

Shanaya 9 years ago

Bastimal K Jain V ITO (ITAT)- Mumbai Judgement POSSESSION DATE OF PROPERTY SAME AS “PURCHASE DATE” In Bastimal K Jain V ITO (ITAT) Mumbai, it... Read More

Another interesting turn in Hissaria brothers vs. CIT Case 4 min read

• Income Tax

Another interesting turn in Hissaria brothers vs. CIT Case

Garima Jalali 9 years ago

The Hissaria brothers vs. CIT case has taken another twist. Recently another judgement was passed by the Rajasthan stated that the penalty proceeding for default... Read More

can Limited tax scrutiny be Converted to full tax scrutiny- a tax quick fix 2 min read

• Income Tax

can Limited tax scrutiny be Converted to full tax scrutiny- a tax quick fix

Garima Jalali 9 years ago

Know how and when it gets worse– from limited tax scrutiny to full tax scrutiny Knowing tax and its components properly is hands down a... Read More

Can cash money be seized during an investigation? 3 min read

• Income Tax

Can cash money be seized during an investigation?

Baisakhi Ganguly 9 years ago

To conduct a business one needs cash. One needs it to buy raw material, to pay fares of transportation, to pay for many out pocket... Read More

ACIT Vs UniDeritend Limited – Reimbursement of Actual Cost 2 min read

• Income Tax

ACIT Vs UniDeritend Limited – Reimbursement of Actual Cost

Manager 9 years ago

Home > INCOME TAX ARTICLES > ACIT Vs UniDeritend Limited – Reimbursement of Actual Cost ACIT Vs UniDeritend Limited – Reimbursement of Actual Cost The... Read More

Pre-requisites of Exemption under section 54E 3 min read

• Income Tax

Pre-requisites of Exemption under section 54E

Manager 9 years ago

Provisions of Section 54EC of Income Tax Act: Section 54EC of Income Tax Act gives the option to an assessee to save tax on capital... Read More

Top 5 Income Tax Rules for NRIs 2 min read

• Income Tax

Top 5 Income Tax Rules for NRIs

Anuj Mathur 9 years ago

Non-residential Indian, status and its related features will vary by far from one year to the other. See under what clauses you come under this... Read More

How to Respond Online for Notice received for Non-Filing Of Income Tax Return 2 min read

• Income Tax

How to Respond Online for Notice received for Non-Filing Of Income Tax Return

Aditijh 9 years ago

Income tax return filing is an important part of personal finance management as well as obligation on part of every assesse earning more than Rs... Read More

Assessment under Section 143(3) assessment void if case picked up contrary to CBDT’s Scrutiny Guidelines 2 min read

• Income Tax

Assessment under Section 143(3) assessment void if case picked up contrary to CBDT’s Scrutiny Guidelines

Manager 9 years ago

Assessment under Section 143(3) assessment void if any case picked up contrary to CBDT’s Scrutiny guidelines. In a landmark judgment that could provide relief to... Read More

Income from stocks—business income or capital gains 2 min read

• Income Tax

Income from stocks—business income or capital gains

Manager 9 years ago

16th September: Is the return from share market being shown as business income or capital gains? Income from stocks —business income or capital gains. Well,... Read More