Income Tax Articles

Risk review of an assessee who deposits Rs. 500 and 1000 currency without proper source of income

CA RITUL PATWA 14 November 2016 at 10:48

Prosecution Risk for Rs. 500/- and Rs. 1000/- notes deposited in Bank without proper Explanation of the Source of Income

Sec 270A of the IT Act : Encouraging assessee to disclose unreported income?

Manu Gawri 14 November 2016 at 10:48

I have tried to analyse the newly added section 270A and show that this section is encouraging the assessed to discourse his unreported income.

Probable reason why Rs 2000 note are being issued

CA Keshav 12 November 2016 at 15:26

This notification has been issued to eradicate black money from the economy,fighting against corruption, terrorism and enhancing digital payment.

Guidelines for replacement of Rupees 500 and 1000 notes

CS Divesh Goyal 12 November 2016 at 15:26

Guidelines for replacement of existing Rs 500 and Rs 1000 notes with new notes and to understand the procedure of scheme and relevant provisions of Income Tax.

Cash deposits vis-à-vis presumptive taxation

CA CMA CS Ram Pavan Kumar Melam 12 November 2016 at 15:26

Cash deposits vis-à-vis presumptive taxation

How to calculate ALP?

CA Laxman Agrawal 12 November 2016 at 11:32

Determination of price as per the guidelines notes of institute of chartered accountant

Penalty for depositing cash in bank account?

Paras mehra 12 November 2016 at 11:32

In this article, we will discuss how government will levy penalty or tax on the cash deposit in bank account of the public.

Whether and how much money should be deposited in Bank?

CA Keshav 10 November 2016 at 11:06

This article is in for the interest of general public to avoid any harassment by the Income-tax (IT) Department in future and share it as much as possible for the sake of general public :After announcement by our PM Modi for withdrawal of Legal Tende

Your money will be your money!

ROHIT 10 November 2016 at 11:05

One thing we must admit that 8th and 9th November 2016 were the days a Chartered Accountant or a Tax Consultant has received the maximum number of phone calls o..

Understand the demonetisation scheme - A Imandaari ka Utsav

Abhishek Ranjan Singh 10 November 2016 at 10:52

UNDERSTANDING OF OHD (Rs.1000/- & Rs.500/-) NOTES SCHEME (A Imandaari ka Utsav, A Pramanikta ka Parv and A Mahayagna)- Abhishek Ranjan SinghPM Narendra Modi