Income Tax

Assessing Officer should dispose of the objections before making order of re-assessment 3 min read

• Income Tax

Assessing Officer should dispose of the objections before making order of re-assessment

Baisakhi Ganguly 9 years ago

The Gujarat High Court in the case of Palco Metals Ltd. vs. Deputy Commissioner of Income Tax, 2016 (1) TMI 235 has held that the... Read More

How to file an Electronic Audit Report? 2 min read

• Income Tax

How to file an Electronic Audit Report?

Manager 9 years ago

New e-filing site launched by the Income Tax department: The Income Tax department has begun a new e-filing website. Taxpayers can LOGIN at the website... Read More

All about Penalty under section 271(1) (c) 2 min read

• Income Tax

All about Penalty under section 271(1) (c)

Baisakhi Ganguly 9 years ago

Section 271(1) (c) of the Income Tax Act, 1961 deals with levy of penalty due to concealment of income by an assessee. Penalty under section... Read More

If advances are for non-business purposes, the disallowance should be on the basis of average interest rate 3 min read

• Income Tax

If advances are for non-business purposes, the disallowance should be on the basis of average interest rate

Baisakhi Ganguly 9 years ago

The Hon’ble Punjab and Haryana High Court at Chandigarh in the case of CIT vs. M/s Kudu Industries being ITA No.388 of 2014(O&M) held that... Read More

Assessing Officers to become accountable for raising bogus demands 3 min read

• Income Tax

Assessing Officers to become accountable for raising bogus demands

Baisakhi Ganguly 9 years ago

It is often observed that Assessing Officers make bogus additions and raise unjustified income tax demands on the basis of frivolous grounds. They also adopt... Read More

5 Things to Consider Before Buying an Apple Watch 3 min read

• Income Tax

5 Things to Consider Before Buying an Apple Watch

Deepak 9 years ago

With the holiday shopping season now gearing up, the expectation is that many people will purchase an Apple Watch as a gift. While Apple won’t... Read More

Adele’s Album Will Not Be On Streaming Sites 3 min read

• Income Tax

Adele’s Album Will Not Be On Streaming Sites

Deepak 9 years ago

Adele’s highly anticipated new album will not be available on the streaming services Spotify and Apple Music, it has been confirmed.  The singer’s XL Recording... Read More

Office 365 For Business Is Here Good Luck Figuring Out 3 min read

• Income Tax

Office 365 For Business Is Here Good Luck Figuring Out

Deepak 9 years ago

Office 365, Microsoft’s cloud-based office suite, is moving the turf war against Google Docs to the business world with today’s announcement of business-ready subscriptions. But you’ll... Read More

Samsung vs. Apple: Samsung Is Winning Every Way But One 3 min read

• Income Tax

Samsung vs. Apple: Samsung Is Winning Every Way But One

Deepak 9 years ago

Far far away, behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind texts. Separated they live in Bookmarksgrove right... Read More

Top fashion designers wear their own clothes 3 min read

• Income Tax

Top fashion designers wear their own clothes

Deepak 9 years ago

Far far away, behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind texts. Separated they live in Bookmarksgrove right... Read More