TAX ISSUES IN RELATION TO FIRM
The Indian Partnership Act do not provide separate legal entity status to the partnership firm, however, for the purpose of […]
Income Tax
Income Tax
Income Tax
Amendments relating to Capital Gains, TDS and TCS
Introduction Union Finance Minister Nirmala Sitharaman presented the Union Budget 2023, the fifth budget of Modi 2.0 and the last
Income Tax
Super premium taxation, a need or an obligation?
On February 1, 2023, the Hon’ble Finance Minister, Nirmala Sitharaman, presented the Union Budget of India for the FY 2023.
Income Tax
Taxation of charitable trusts (Amedments in making)
There was time in early sixties, when charitable trusts were promoted by Government to carry out human services particularly in
Income Tax
Personal taxation: “Decoded – New Regime vs Old Regime”.
As per recently proposed Finance Bill, 2023, “Personal Income Tax” under “Direct Taxation” seems to be primarily benefitting our “Hard
Income Tax
PROPOSED AMENDMENTS TO INCOME TAX ACT, 1961 THROUGH FINANCE BILL, 2023 – BUSINESS INCOME :
The finance minister presented the Budget 2023 in the parliament, while the economy was getting back and trying to recover
Income Tax
PENALTIESAND PROSECUTIONUNDER INCOME TAX ACT, 1961
Article 265 of the Constitution states that no tax shall be levied or collected except by authority of law. While
Income Tax
REPORTING REQUIREMENT UNDER TAX AUDIT (CLAUSE 30 TO CLAUSE 44)
INTRODUCTION The reporting requirement under tax audit can be traced back to 1985, which is as old as more than
Income Tax
Challenges and Precautions in Tax Audit Report
Introduction The month full of tax audit reports and dealing with the challenges thereon! Many of the assesses receive intimations
Income Tax, RERA
Key Income tax issues in Real Estate Industry (From Builders Perspective)
Real Estate developers earlier were booking revenue based on percentage of completion method because income tax department were favouring percentage