Income Tax Articles

Appeal to commissioner of income tax (Appeals)

Posted by Arti Agarwal 15 July 2017 87368 Views

A fresh memorandum of appeal signed by the legal heirs must be filed before the Commissioner (Appeals) where the assessee is the appellant so that the legal heirs are brought on record.

Mentioning PAN for the banking and monetary transaction

Posted by Amitav 11 July 2017 17316 Views

Mandating PAN in the banking transactions is a very impressive step by the Govt of India. This will help to monitor the flow of transactions made by each person.

Analysis of Section 44AD Presumptive Taxation

Posted by akanksha 11 July 2017 15012 Views

Profits and gains of business on presumptive basisSection 44 AD(1)Notwithstanding anything contained in Sec. 28 to Sec.43C (that means deduction under these sec...

Section 80IBA - Deduction for Affordable Housing Projects

Posted by Amol Gopal Kabra (CA,CS,DISA) 04 July 2017 25207 Views

This article deals with deduction from income earned from housing projects from AY 2017-2018.

Provisions for Taxation of Real Estate Transactions

Posted by VIJAY TINKER 26 June 2017 14104 Views

Provisions for taxation of Real Estate TransactionsReal Estate transaction are one of the main source of generation of unauthorised income. After demonetisation...

Admissibility of Cenvat credit without Registration

Posted by AKASH PHOPHALIA 25 June 2017 5431 Views

Cenvat credit admissibility is guided by the provisions framed in this regard in the Cenvat Credit Rules, 2004.

Digitalise the receipts and pay presumptive tax at 6% instead of 8%

Posted by Koushik D C 21 June 2017 19787 Views

We all are aware of demonetisation in our country which is a fight against black money, ter

Secondary Adjustment 92CE added in IT Act - Game On

Posted by Dongre Arun 20 June 2017 9522 Views

CBDT has notified new Rule 10CB which prescribes computation of Interest pursuant to the Secondary Adjustment & the Time Limit for repatriation

Amendment in Safe Harbour Rules - A step towards sanity

Posted by Sudhag 19 June 2017 7944 Views

The Safe Harbour Rules have recently been revised.

Garib Kalyan Yojna, for "Kalyan" of Rich or Poor?

Posted by CA Umesh Sharma 17 June 2017 3970 Views

Arjuna (Fictional Character): Krishna, Government has brought up with a scheme to convert 50:50% of black money into white money which will be applicable from 1...