Nephew and Niece are not “Relative” of an individual under Income Tax act 1961

Once the (Assessing Officer) AO has called for necessary enquiries whether the (Principal Commissioner of Income Tax)PCIT can assume jurisdiction under section 263 of the Income Tax Act1961on the ground that the AO has not conducted required enquiries and alsonot applied in mind?

GST on Rakhi

Important Judgement on Slump Sale

Letter to GST council by Gujarat Sales Tax Bar Association

Financial Instrument

‘Indian Olympic Association’ won’t lose charitable status just because it received sponsorship from a private co.

Clause (viib) of section 56(2) is triggered at stage of computation of income itself

Amendments in Private Placement section 42 of Companies Act 2013

Zero Rated, Exempted and Nil rated supply in GST

Sukanya Samriddhi Yojana

Individual assessee having turnover below Rs. 1 Crore, got the books audited u/s 44AD(5) [net profit shown below 8% of turnover] for F.Y. 2016-17. Whether TDS provisions are applicable to him for F.Y. 16-17 / 17-18?

Two persons with same income can have different tax liabilties

Immunity from audit u/s 44AD is not available in the first year of Business even if income is below the basic exemption limit!

Bounce Cheque

Applicability of CARO 2016

Deduction in respect of interest on deposits in savings account.

Implication expense on Higher Education of Director’s son in closely held company