Income Tax

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

If assessments are complete, disallowances should be considered against additional disclosures 4 min read

• Income Tax

If assessments are complete, disallowances should be considered against additional disclosures

Manager 9 years ago

The Income Tax Tribunal, Mumbai in the case of Shri Uday C Tamhankar, C/8 Nand Dham Society, L T Road, Borivali (West), Mumbai-400092 (Appellant) vs.... Read More

All about capital gains tax 4 min read

• Income Tax

All about capital gains tax

Manager 9 years ago

There are many assets such as real estate, gold, silver, etc. in which one invests. The gains from these investments are called capital gains. These... Read More

Share application money cannot be considered as undisclosed income if identity of the share applicants is available 3 min read

• Income Tax

Share application money cannot be considered as undisclosed income if identity of the share applicants is available

Manager 9 years ago

The Hon’ble Delhi High Court on 12.8.15 in the cases of Commissioner of Income Tax – 9 (Appellant) vs. Vrindavan Farms (P) Ltd. (Respondent) being... Read More

Terms of Service

• Income Tax

Terms of Service

Manager 9 years ago

Save tax by making donations to charitable institutions under section 80G 2 min read

• Income Tax

Save tax by making donations to charitable institutions under section 80G

Manager 9 years ago

To promote charity towards the poor class of the society, the government of India is encouraging people to give donations which can also be claimed... Read More

Does loan transaction between a firm and its partner attract provisions of section 269SS? 2 min read

• Income Tax

Does loan transaction between a firm and its partner attract provisions of section 269SS?

Manager 9 years ago

The question was raised as to whether a loan transaction between a firm and its partner attracts the provision of Section 269SS of the Income... Read More

Powers of assessing officer to send intimation under section 143(1) 2 min read

• Income Tax

Powers of assessing officer to send intimation under section 143(1)

Manager 9 years ago

Sometimes, tax payers receive intimation of demand or that of refund from the income tax Department under section 143(1) of the Income Tax Act. Intimation... Read More

Save Income Tax By Investing Or Gifting Within The Family 2 min read

• Income Tax

Save Income Tax By Investing Or Gifting Within The Family

Manager 9 years ago

Investing to save income tax has its own positive benefits and aspects. First, it gives rebate on income tax and secondly it automatically improves your... Read More