Section 68 Not Applicable If Share Capital is Received From Non-Resident

The issue of shares at premium by private limited company is the root of money...

Can an Investment Company Deduct Office Expenditure as Cost Of Acquisition of Shares ?

An unlisted public limited investment company is engaged in the business of investment in shares...

Section 179 :4 Reasons Notice to Recover Tax Dues from Director Fails !

If you are director in a private  company which has a burden of tax demand...

How To Overcome Section 50C ?? Here is one way

Let us admit it. The failure of the government to catch the real tax evaders...

Notice for Filing Return u/s 142(1) is Useless in Most Cases!

It is customary for officers of department to issue notice u/s 142(1) of the Income...

How Treaty Tie Breaker Rule Affect Taxation of NRI Income ?

The residential status of a taxpayer is the core criteria for application of Income Tax...

5 Taxing Issues Can Make Persons Acquiring Stressed Companies Under Insolvency & Bankruptcy Code Sleepless !

The government has brought the Insolvancy and Bankruptcy Code with effect from Assessment Year 2018-19...

What is the Time Limit for Issue of TDS Certificate u/s Sec. 197A ?

Section 197 of the Income Tax Act provides that if a taxpayer produces a certificate...

How to Comply with Tax Laws When Company is Stricken Off from MCA Register??

Sometime back the government de-registered more than 2 Lakh companies and once again Ministry of...

Seven Consequences of Non- Registration Under GST

The issue of registration is still quite confusing for some and in some way perhaps...

Some May End Up Paying 234F Even if Total Income is Below Exemption Limit !

Filing tax return within due date is extremely important for many reasons. But this post...

Section 43B :Whether conversion of interest payable to bank into preference shares can be considered actual payment?

One of the most common disallowances of business expenditure  AO resort while computing profits from...

CBI , Scribe ,Tax official and 15 Crores Blackmail Charges !

Tax official can take action against tax evaders and benami property holders, CBI goes after...

How to Get Reward upto Rs 5 Crore from Income Tax Department ?

So , you know some income tax evaders or some persons having Benami properties or...

No Penalty u/s 271(1)(c) in 9 Types of Additions

Penalty initiation by assessing officer is routine when any addition or allowance is made while...