Income Tax
Bought property cheaper than stamp value? That’s not ‘underreporting’.
Facts of the Case
The assessee, as b co-owner, purchased two properties at consideration amounts lower than the SDV of those properties.
The AO invoked section...
Income Tax
ITAT Judgement: You can’t call the purchases fake when you’ve already cashed in on the sales.
Facts of the case
The assessee was a proprietor engaged in wholesale trading. During scrutiny, AO noticed sundry creditors of significant amount.
Notices u/s 133(6) were...
Latest Articles
Income Tax
FAQs on New Income Tax Regime u/s.115BAC
What is new Income tax Slab for AY 2020-21?
-> Under existing regime the taxpayers (Individuals and HUF) were taxed @20% with taxable income in...
Income Tax
25 Latest Income Tax Judgements In India
The year 2019 has been a very significant one to the taxation regime as the government has introduced various revolutionary changes in the laws...
Income Tax
8 Income Tax Judgements and Cases on Previous Demonetisation
PM Narendra Modi may have shocked the nation with his 8 PM, 8 Nov 2016 announcement , but the Prime Minister’s move was not a step...
Income Tax
Section 153(2) – Time limit for AO to complete assessment or reassessment – based on Case laws for calculating the time limit where writ...
1.Section 153 of the Income Tax Act provides the time limit to Assessing Officer within which the Assessing Officer has to complete the assessment...
Income Tax
What is New Income Tax Slab for AY 2020-21 in India?
The FM has announced New Income Tax Slab for AY 2020-21 giving taxpayers an option to pay taxes as per the new tax slabs.
Income...
Finance
What Are the Best Indian Stocks to Buy in 2020?
Let’s starts with an example. {Don’t be sentimental, please take it as an example only}
When my grandfather went to the market to buy something,...
Finance
What is the best strategy for hedging the Future with an Option?
Please
note that hedging Futures’ Risk with options depends on market situation, your
risk taking capacity and the amount of your investment.
Generally,
people believe if you
Long...
Finance
How to invest in Nifty and Mechanism of Nifty Index?
Mechanism of Nifty Index
There are more than 2000 companies listed on NSE Exchange. The company that holds the highest free-float market capitalization becomes the...
LATEST NEWS
"Ready to share your unique voice through blogging?"
Write an Article
+91 97234 00220
support@counselvise.com