Income Tax - Hello readers, we all understand rectification just as correction in any order passed by Income tax authority concerned so let's review every clause of section 154 in detail with relevant judgement and my significant findings to it....
Read MoreIncome Tax - A big question arise in the mind of every professional that whether benefit of Indexation can be claimed on Inherited Property ; if yes then second half thought is whether it can be claimed from the year in which it is first held by the assessee or from the year in which it is occupied by the Previous Owner or predecessor. ...
Read MoreIncome Tax - After the commencement of Companies (Amendment) Ordinance Act, 2018, every company shall obtain certificate of Commencement of business by filing form INC 20A within 180 days of its incorporation....
Read MoreIncome Tax - Where an Individual or HUF has deposited or paid any amount as Fixed Deposit in any Scheduled Bank for a term not less than 5 Years in any previous year subject to Scheme framed by Central Government in this behalf then such Individual or HUF is eligible to claim deduction to the extent of Rs. 1,00, 000 (Rs1,50,000 from AY 2015-16 onwards...
Read MoreIncome Tax - Hello readers, finally the day came we all are waiting for, GST become reality; I know that everyone in Industry, Business world & Professionals are confused about GST Provisions & its implications....
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