Income Tax

Fate of Unexplained Income under the Income Tax Act 2 min read

• Income Tax

Fate of Unexplained Income under the Income Tax Act

Manager 9 years ago

Fate of Unexplained Income under the Income Tax Act Fate of Unexplained Income under the Income Tax Act What is Undeclared or Unexplained Income? It... Read More

Scope of section 133(6) of the Income Tax Act 3 min read

• Income Tax

Scope of section 133(6) of the Income Tax Act

Manager 9 years ago

The Income Tax Act gives the Department wide powers of investigation including the power to seek information about an assessee even from outsiders. The information... Read More

All about best assessment judgment 4 min read

• Income Tax

All about best assessment judgment

Manager 9 years ago

Assessment refers to judgment or evaluation. According to the law relating to income tax, assessment means evaluation or measurement of income. The term ‘assessment’ includes... Read More

SBI- Life Sudarshan Plan

• Income Tax

SBI- Life Sudarshan Plan

Manager 9 years ago

TDS deducted by an employer cannot be recovered from an employee if it is not deposited duly 3 min read

• Income Tax

TDS deducted by an employer cannot be recovered from an employee if it is not deposited duly

Manager 9 years ago

Where a company has deducted Tax at Source (TDS) from the salary of an employee, but did not deposit the same to the Government treasury,... Read More

Secure your child’s future with MetLife Insurance

• Income Tax

Secure your child’s future with MetLife Insurance

Manager 9 years ago

CBDT procedure for launching prosecution for TDS-TCS default 3 min read

• Income Tax

CBDT procedure for launching prosecution for TDS-TCS default

Aditijh 9 years ago

The Central Board of Direct Taxes has laid down a procedure for launching prosecution for TDS-TCS default. In connection with the above the CBDT has... Read More

Tax evasion likely to become a criminal offence in the country 3 min read

• Income Tax

Tax evasion likely to become a criminal offence in the country

9 years ago

The government has declared to make tax evasion a criminal offence in the country very shortly. It would prosecute offenders with an object to check... Read More

High Value Transactions To Attract Income Tax Scrutiny

• Income Tax

High Value Transactions To Attract Income Tax Scrutiny

9 years ago

No addition under section 68 if one can prove the authenticity of a transaction 4 min read

• Income Tax

No addition under section 68 if one can prove the authenticity of a transaction

9 years ago

The Delhi High Court in the case of Commissioner of Income Tax vs. Gangeshwari Metal (P.) Ltd., I.T. Appeal No. 597 OF 2012 has held... Read More