Author Archives: Prashant Thakur

Is Government Pension of Indians Taxable in USA ?

The idea of an article on “taxation of pension of Indians in USA” this post [...]

Best Evidence Assessment vs Scrutiny Assessment: Key Differences

Best evidence assessment vs scrutiny assessment represents two distinct approaches in India's income tax framework, [...]

Section 35 Demerger Tax Planning Strategies for Businesses

Section 35 demerger tax planning strategies have become increasingly crucial for businesses navigating corporate restructuring [...]

List of 13 Reasonable Causes for Non-Imposition of Penalty

The heading of Section 273B of the Income Tax Act sets out the scope of [...]

Deceased Person’s Income : How to Comply WIth Income Tax Laws Deceased’s Income ?

The unfortunate situation a family may face when an earning person suddenly expires. In such [...]

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Turnover Meaning : Day Trading ,Futures & Options

Turnover meaning for day trading ,and transaction in futures or options is quite different than [...]

Section 43B(h) of Income Tax Act: Are Retail or Wholesale Traders Covered?

A very strict and a beneficial law was inserted as section 43B(h) of Income Tax [...]

Disability Pension is Tax-Free Even In Case of Voluntary Retirement!

A recent judgment by a tax tribunal throws light on this. If you receive a [...]

How do you claim a tax deduction after the time to file a revised return is over?

Once the time to file a revised tax return is over, you often realise that [...]