Income Tax Articles

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..

Interim Budget Politics - Somewhat good and somewhat not

Mahesh Kapasi 06 February 2019 at 11:06

The Interim Budget 2019-2020 is a political budget in view of ensuing elections

Income tax planning for a land developer

CA Atul Singhal 05 February 2019 at 10:56

TAX PLANNING FOR A LAND DEVELOPERThere is no specific exemption is available in Income Tax Law to non-individual assesses to save tax on Gain on Sale of Immovab..

How to tackle the notice issued u/s 271(1)(c)

Gaurav 05 February 2019 at 10:56

For invoking the provisions of section 271(1)(c) of the Income Tax Act, satisfaction of the concerned income tax authority is must that any person has:- Either ..