Income Tax Articles

An overview and understanding of Section 269ST on cash deposits

Posted by Ramadurai Chandrasekaran 24 March 2018 47768 Views

Onus shifted from payer to recipient of cash

Income Tax Department ask assessee to update their information

Posted by Ashiwini Ballodia 24 March 2018 43386 Views

Income Tax Department ask assessee to update their information

Rationalisation of ITO powers

Posted by Ramadurai Chandrasekaran 24 March 2018 10185 Views

Amendment is a legislation of Judicial precedents

Draft notification by CBDT for another compliance on self reporting of income

Posted by CA Priyanka Kushwaha 19 March 2018 15072 Views

CBDT has proposed to introduce a mechanism of self-reporting of income estimates, advance tax liability and payment thereof. CBDT has published draft notificati...

Plenary & Coterminous Powers of CIT(Appeals)

Posted by Mayank Mohanka 15 March 2018 8330 Views

Analysis of the CBDT's Recent Instruction bearing F.No. DGIT(Vig.)/HQ/SI/Appeals/2017-18/9959, dated 8.3.2018 On Plenary, Coterminous & Co-extensive P

All about the Benami Law

Posted by CA BHAGYASHREE JAIN 13 March 2018 12468 Views

Various steps have been taken for removal of unaccounted assets by Government like The Black Money Foreign Income and Asset Act, 2015, Income Disclosure Scheme ...

44ADA: Special provision for computing profits and gains of Profession

Posted by Ashiwini Ballodia 11 March 2018 20932 Views

44ADA: Special provision for computing profits and gains of profession on presumptive basis

Tax audit not applicable for Turnover less than 1 crore

Posted by Naman Shrimal 06 March 2018 31902 Views

Due to amendment in Finance Act, 2016, applicability of Tax audit in cases where turnover < 1 crore and net profit < 8%, tax audit is not applicable

All about NFRA in 5 minutes

Posted by Prajjwal Kaushik 05 March 2018 33104 Views

The Union Cabinet last week approved the proposal to set-up the National Financial Reporting Authority (NFRA), intended to serve as an Independent Regulator for...

Real Estate Development Agreements, Share Valuation & Charitable Trusts : Recent Tax Amendments

Posted by CA Vipin Garg 04 March 2018 13867 Views

1. Taxation of Capital Asset under Development Agreement with Builder - In recent past, it has quite been a trend that individual plot/house owners enter in