Colourable device has a different meaning in Income Tax than Holi!

Mayank Mohanka | Last updated: 28 August 2018

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The Festival of Holi is unthinkable without colours. The use of colours by way of different devices like pichkaris, balloons, pumps, and even buckets, constitutes an essential ingredient of a vibrant, joyful and blissful Holi. However, in Income Tax Act, the expression, colourable device, is being l

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About the Author

Mayank Mohanka

Finance Manager

Mayank Mohanka, a dynamic, young chartered accountant, an S.R.C.C. Graduate, Believe in the Philosophy that besides 9 Grahas, there is 10th Graha also that is one's will power, hardwork determination. If this 10th graha is strong, it will take care of the remaining 9 grahas.

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Colourable device has a different meaning in Income Tax than Holi!

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