Prosecution Risk for Rs. 500/- and Rs. 1000/- notes deposited in Bank without proper Explanation of the Source of Income
Today, I saw a news that a person was charging some bribe and that too.. the bribe of 2000 rupee new notes. So, it urged me to write this article as it seems th..
I have tried to analyse the newly added section 270A and show that this section is encouraging the assessed to discourse his unreported income.
This notification has been issued to eradicate black money from the economy,fighting against corruption, terrorism and enhancing digital payment.
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
Determination of price as per the guidelines notes of institute of chartered accountant
In this article, we will discuss how government will levy penalty or tax on the cash deposit in bank account of the public.
With the announcement of the Hon'ble Prime Minister banning Indian Currency of Rs. 500 & Rs. 1000, the Voluntary Disclosure of Income Scheme..
The word 'tax' troubles every salaried individual and business person, equally. Nobody likes when a portion of their income gets deducted in the form of tax
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English