Depreciation on Goodwill is Allowed or not?
Case law Citation: M/s. Sujag Fine Chemicals Pvt. Ltd. vs ITO (ITAT Ahmedabad) Date of Decision: 1...
Sale in the course of Import – Proving the inextricable Link
As a tax consultant we keep exploring ways to save taxes for our clients. Well many a times the risk...
Credit Card Debit Card Payment may bring Income Tax Benefit
Go Cashless make payment through credit card or debit card and get Income tax benefit. Soon this is ...
Income Tax Return Filing for Beginners
For a beginner, income tax return filing may seem like a big deal. If this is your first time at it,...
CBDT’s circular regarding condoning of delay in claiming refund & carry forward of loss
Delays by tax payers in filing claims for income tax refund are common. Similarly tax filing by some...
Non-deposit of Tax Deducted at Source
No. 275/29/2014-IT-(B) New Delhi, the 1st June, 2015 To, The CCsIT (CCA) Subject: Non-deposit of Tax...
Taxability of Life Insurance Policy
As per section 10(10D), any amount received under a life insurance policy, including bonus is exempt...
Income from sale of property subject to capital gains tax
I am a non-resident Indian (NRI) and want to purchase property in India. Later on, if I want to sell...
PRADHAN MANTRI JAN DHAN YOJANA (PMJDY PMSBY PMJJBY APY)
Recently Sh. Narendra Modi led NDA Government in India has launched following financial literacy sch...
1% TDS Rule on Sale of Property Explained
The 1% TDS rule on sale of property was introduced in the 2013-14 Budget to put a check on underhand...