Income TaxInteresting Income TaxIT JudgementRevisionary power of commissioner9 years agoHitech Analytical Services v. Pr. CIT Decision: Case remanded. Revision under section 264–Firm’s expenses claimed in individual return– Filed revised computation for…
Head Of IncomeIncome TaxInteresting Income TaxMISTAKES TO AVOID INCOME TAX NOTICES9 years agoNon reporting of Exempt income: One of the reasons for income tax notices is investment by taxpayers not in accordance…
NRI CornerDubai and Bahrain have been BLACKLISTED!!9 years agoBLACKLISTED Dubai and Bahrain have been BLACKLISTED as Tax Havens along with Panama and South Korea by the European Union!…
ArticleCompany LawControversial issuesHead Of IncomeIGSTIncome TaxInteresting Income TaxIT JudgementMiscellaneousNRI CornerTDSTaxation of F & O transactions9 years agoTaxation of F & O transactions Query 1] I am trading in equities; both delivery as well as non delivery…
ArticleHead Of IncomeIncome TaxTax PlanningThe PlanningMerger, Demerger & Amalgamation- Tax implications on shareholder9 years agoMerger Demerger & Amalgamation Query 1] 1000 equity shares of face value of Rs. 10 in N.F.C Ltd were allotted…
ArticleControversial issuesIncome TaxTax PlanningThe PlanningAn additional compliance of submitting estimated current Income & Advance tax payment9 years agoAdvance tax payment Query 1] We have read in the newspaper about filing of estimate of income tax return before…
ArticleCompany LawIncome TaxMiscellaneousChange in the base year from 1981 to 2001 is for all classes of assets9 years agoclasses of assets Query 1] I am senior citizen. My present means of livelihood is my pension and bank FD…
Company LawControversial issuesHead Of IncomeIncome TaxTax PlanningEven small size firm are to get its accounts audited if income offered for taxation is less than 8% 9 years agotaxation is less than 8% Query 1] We have 2 small Partnership Firms, one doing trading and other doing profession.…
Income TaxNRI CornerTax PlanningThe PlanningNRI & taxation of mutual fund investments9 years agotaxation of mutual fund investments Query 1] My daughter purchased shares of Persistent Systems Ltd in 2009. She became NRI…
ArticleIncome TaxTax PlanningThe PlanningUncategorizedIssues in taxation of capital gain9 years agoQuery 1] Please advise which ITR is required for my Mother (senior Citizen) for AY 17-18. She sold landed property…
ArticleIncome TaxTax PlanningThe PlanningUncategorizedTo curb circulation of black money, filing of statement of financial transactions (SFT) has been made mandatory by different categories of taxpayers.9 years agoQuery 1] We have received mail from income tax department asking to file the statement of financial transactions by 31/05/2017.…
ArticleIncome TaxTax PlanningThe PlanningUncategorizedELSS income is totally tax free9 years agoQuery 1] I am a senior citizen doing business with my known customers (all vat dealers) on credit basis &…
ArticleIncome TaxTax PlanningThe PlanningUncategorizedINCOME TAX LIABILITY COULD ARISE WITHOUT REAL INCOME 9 years agoQuery 1] I had booked a flat in Nov. 1995 & paid Rs. 2.75 lakhs in F-Y 95-96 & Rs.…
ArticleIncome TaxTax PlanningThe PlanningUncategorizedIT department is very efficiently capturing & analyzing the data9 years agoQuery 1] During F.Y.2017-18, my expected tax liability is arriving at Rs. 2,600/-. My income of Rs. 5,20,000/- includes EPF…
ArticleIncome TaxTax PlanningThe PlanningUncategorizedProper documentations & planning could lower tax incidence9 years agolower tax incidence Proper documentations & planning could lower tax incidence Query 1] I have purchased a plot in FY…
ArticleIncome TaxTax PlanningThe PlanningUncategorizedNo SFT to be filed if there is no reportable transaction9 years agoQuery 1] With reference to column in The Hitavada Dated 22.05.17 on filing of SFT, I have a query. Whether…
ArticleIncome TaxTax PlanningThe PlanningUncategorizedOwnership of House property & Deduction on Housing Loan9 years ago Query 1] My father owns a plot in urban area of Nagpur and wants to gift it to me or…
ArticleIncome TaxTax PlanningThe PlanningUncategorizedLTCG exemption will be withdrawn if the new house is transferred within 3 years9 years agoQuery 1] I read your article in The Hitavada Dated 17/04/2017 about JV & have question pertaining Joint venture between…