Popular Articles

Cases when Rental Income from Building is not treated as House Property Income

Ritik Chopra 03 July 2021 at 14:30

There are many instances where rental income from a building is not treated as house property income. Four of such instances have been discussed in this article.

A layman's guide to Goods and Service Tax - A thrilling Tale of Economic Revolution!

CA Saurav Somani 13 October 2016 at 14:58

The article is a succinct, layman's guide to GST.

Treatment of GST for TDS/TCS on purchase/sale of goods

CA Umesh Sharma 05 July 2021 at 12:20

TDS/TCS is to be deducted/collected u/s 194Q/206C(1H) respectively, if purchase/sales to a single party exceed Rs.50 Lacs. Whether the amount of GST is to be included in the calculation of the above limitation? Let us understand.

Section 198 and 145 - Deduction and Taxability of TDS

CA. Mohit chaturvedi 05 April 2021 at 09:30

Entire income shall be offered as income for taxation in the year of actual receipt u/s 145 and section 198 shall be treated as a section inserting deeming fiction to avoid ambiguity in the law.

Whether higher stock declared to bank attracts Section 69?

Amit Bajaj 01 December 2010 at 11:17

WHETHER HIGHER STOCK THAN ACTUAL DECLARED TO BANK ATTRACTS ADDITIONS U/S 69 OF INCOME TAX ACT 1961 Section 69 of Income Tax Act deals with the cases of unexplained investments which have been made by the assessee but not accounted for in his books o

How to calculate the valuation of a business/enterprise - DCF valuation method

Rohit Goyal 10 June 2021 at 09:51

If you want to know the value of your business, then this tool could be helpful. This tool contains different valuation methods like DCF model, Enterprise valuation, Perpetuity value and Payback period.

Welcome to a country where candies are replacing coins

Nandan Narula 16 September 2010 at 11:53

Last month, when I wswas travelling from Indore to Bhopal and as my cab crossed the first toll booth on the highway, the cabbie handed me a ten rupees note and 3 eclairs (Cadbury was not written on those fake é

Public Provident Fund Account (PPF)

VISHAL BANSAL 03 December 2018 at 17:16

Public Provident Fund Account (PPF)"Investment is an asset or item that is purchased with the hope that it will generate income or appreciate in the futur

Notification of Government to disqualify directors

Krishan Singla 05 December 2017 at 10:39

Notification of Government to disqualify directors and demystify section 164(2) read with section 167 of Companies Act , 2013.

Five Tax Advice No One Tells You

Neethi V. Kannanth 24 December 2021 at 09:01

As the due date for filing of return is just around the corner and most of you would be in a hurry to file their return of income, here are a few things related to your return of income that nobody advises you about. Take a pause and have a look at it before you file your return of income.