How Family Transfers Can Impact Your Tax Bill – Clubbing of Income

Have you ever thought that gifting an asset to a family member might save you tax? Think again! The Income Tax Department has laid...

Incorporating a Wholly Owned Company in India

India is a lucrative destination for foreign investors looking to expand their business presence. One of the most popular ways for foreign entities to...

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Attention Taxpayers: New I-T portal to be activated from June 7, existing portal will be unavailable from June 1-6

The Income Tax Department will launch a new income tax filing portal on June 7. What new income tax makeover aims at? The new e-filing portal (www.incometax.gov.in) is aimed at...

Notice u/s 148 was issued in the name of dead person which is invalid in the eyes of law.

Sh. Haresh P. Shah, Legal Heir, Late Manjula P. Shah Vs ITO Facts of the case Notice for reassessment proceedings u/s 147/148 was issued to dead...

Application for Registration of Trusts or Charitable Institutions u/s 80G of Income Tax Act,1961

Section 80G of the Income Tax Act, 1961 provides deduction in respect of donations to specified funds, charitable institutions, trusts etc. which are approved...

9 Must-Know Startup acronyms

The world of startups is filled with new terminology and not being able to understand the can leave a bad impression and limit your...

Do You Really Need Professional’s Help While Filing Your ITR?

When March approaches every year, we tend to focus on few compliances that we never thought of during the whole year and filing your...

SC : “Public scrutiny of the court process remains a vital principle for the functioning of democracy.” Does this mean no more Faceless hearing?

With the announcement of recent budget, the proposal in respect of introduction of the scheme of Faceless ITAT has been a point of debate...

Spending funds for setting up makeshift Hospitals, temporary COVID care facilities eligible as CSR activity #maskandmassappeal

Coronavirus crisis is intensifying with each passing day. Till you get vaccinated masks seem to be the only effective way to protect oneself from...

I-T Department issues Rs 17,061 CR of refunds to Taxpayers

The Income Tax Department on 12th May,2021 said it has issued over Rs 17,061 crore of refunds to more than 13 lakh taxpayers so...

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