Income Tax Articles

Assessment of Partnership Firms under income tax act,1961

PUSHP KUMAR SAHU 25 February 2019 at 11:39

Assessment of Partnership Firms under income tax act,1961 In this article we will deal with the assessment of firms with one brief example,First question is Wha..

Case Study on Foreign Tax Credit : Exemption or Deduction?

Harshad Natu 22 February 2019 at 11:12

Who doesn't like to save taxes? Or who wouldn't like to stay in a tax haven where you don't need to pay any taxes on income?

Do I Get Tax Benefits For Buying Health Insurance?

Guest 20 February 2019 at 11:07

It is imperative to get adequate medical insurance cover even before planning to save for one's goals. What's more, the premium paid also provides tax b

Google Tax : Equilisation levy introduced by Finance Act, 2016

Amol Gopal Kabra (CA,CS,DISA) 19 February 2019 at 12:03

INTRODUCTION The last two decades have witnessed momentous change in technology. The entire globe has been moving towards digitization in a lightening speed. Th..

Filing of Income Tax regular return, Loss Return and Revised Return

Mahendra Borhade 18 February 2019 at 11:32

Let's begin with a small story, there is one person named Mr. Sham residing at Pune, he is having a Raw house of around 5000 square feet, he constructed t

Income Tax exemption upto Rs 5 lac: All you want to know?

Priya Kashyap 18 February 2019 at 11:31

The announcement made by the Finance Minister (FM) of no tax liability for income upto Rs. 5 lakhs created euphoria initially. This most beneficial proposal i..

Taxation of Gifts under Income Tax Act, 1961

Amol Gopal Kabra (CA,CS,DISA) 18 February 2019 at 11:31

BACKGROUNDGifts have always been a topic of hot discussion as far as income tax laws in India are concerned. We have experienced a lot of changes in taxability ..

Insights of Rule 46A of income Tax Rules-1962

Mahendra Borhade 11 February 2019 at 13:27

When we are disagree with the assessment order passed by AO, we prefer appeal to the higher Authority, the First Appeal shall be preferred before Deputy Commiss..

The Right Mark-up: A study on Transfer Pricing in Private Equity

Saili Kulkarni 06 February 2019 at 11:09

The Marauders Map for TP Litigation? To understand and analyse the Transfer Pricing issues related to foreign fund houses better, we looked at the litigation sc..