Income Tax

Application for Rectification of Mistake Apparent from Record 2 min read

• Income Tax

Application for Rectification of Mistake Apparent from Record

9 years ago

Circumstances when an application is made for rectification: After filling an Income Tax return, the Income Tax department processes the same. But the information provided... Read More

The law governing Survey, Search and Seizure under the Income Tax Act 5 min read

• Income Tax

The law governing Survey, Search and Seizure under the Income Tax Act

9 years ago

The Income tax department conducts what are considered as some of the worst nightmares of many businessmen and corporate houses – survey, search and seizure... Read More

Can an Assessing Officer examine all matters when a case is selected for scrutiny through CASS? 2 min read

• Income Tax

Can an Assessing Officer examine all matters when a case is selected for scrutiny through CASS?

Aditijh 9 years ago

Recently an issue appeared as to whether an A.O. has any scope to examine all matters when a case is picked up for scrutiny through... Read More

Penalties under section 271 of the Income Tax Act 2 min read

• Income Tax

Penalties under section 271 of the Income Tax Act

9 years ago

If an Assessing Officer or the Commissioner (Appeals) or the Commissioner during any proceedings under the Income Tax Act, believes that someone has concealed the... Read More

All About Intraday Trading 2 min read

• Income Tax

All About Intraday Trading

Aditijh 9 years ago

All about Intraday trading An insight into Intraday Trading The common name for IntraDay Trading is “Day Trading”.  Here, a trader acquires a stock in... Read More

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

• Income Tax

CBDT procedure for launching prosecution for TDS-TCS default

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

All About Intraday Trading 2 min read

• Income Tax

All About Intraday Trading

9 years ago

All about Intraday trading An insight into Intraday Trading The common name for IntraDay Trading is “Day Trading”.  Here, a trader acquires a stock in... Read More

How to deal with Income Tax Notice 2 min read

• Income Tax

How to deal with Income Tax Notice

Aditijh 9 years ago

Are you confused about how to reply to an income tax notice? You may get an income tax notice for a number of reasons, if... 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

Joint Ownership of House – A Perfect Way of Saving On Tax 2 min read

• Income Tax

Joint Ownership of House – A Perfect Way of Saving On Tax

9 years ago

Joint Ownership of the house is something that the India government is considering of applying. This is a very important and path breaking decision that... Read More