Method of accounting - Estimation of profit -Net profit rate-Section 145 of the Income-tax Act, 1961 AO couldn't disallow… Read More
IMPORTANT UPDATE ON INCOME TAX: NOTIFIED ITR-1, ITR-2 & ITR-4S FOR A. Y. 2015-16 AND CHANGES IN RULE 12 OF INCOME… Read More
CLARIFICATION ON RATE OF SERVICE TAX - REGARDING 1. Doubts have been expressed in various forums regarding the proposed increase… Read More
No disallowance if TDS is deposited before due date of filing return; amendment to sec. 40(a) (ia) has retro-effect Section… Read More
PENALTY FOR CONCEALMENT OF INCOME - EFFECT OF DISALLOWANCE OF CLAIM No penalty on disallowance of capital gains if disclosure… Read More
EXPECTATIONS FROM - BUDGET 2015 As most of us are aware, the present government has come to power on agenda… Read More
ALLOWABILITY OF SALARY TO PARTNER, IN CASE OF FIRM - BUSINESS EXPENDITURE No reassessment after 4 years alleging wrong allowance… Read More