Service Tax Form ST-3 Changed !

Central Board of Excise & Custom has issued notification NO.20/2016-ST,  DATED 8-3-2016 changing the service [...]

4 Tax Incentives for Startups India Entrepreneurs

Startups India has got four tax incentives as per the Finance Bill 2016 in tune with [...]

Pay 15% of Disputed Demand to Get A Stay till Disposal of Appeal

Based on recommendation of tax simplification committee report  CBDT has now modified the earlier on [...]

Capital Gains vs Business Income Controversy : CBDT Issues Benevolent Circular

In keeping woth the promise of the government which set up the Tax Simplifcation Comittee [...]

You May Not be Defaulter u/s 201 Even if TDS Was Not Deducted !

The provision of section 201 is well known to all deductors because the notices from [...]

Tax Exemption u/s 54 Allowed Even if You Invest Capital Gains in More Than One House !

Section 54 of the Income Tax Act provides that if the long term capital gains on [...]

If Assessment Order Was Passed by Addl.CIT, You Must Check This to Get the Order Quashed !

It often happens in the income tax department. Many scrutiny cases are assigned to the [...]

RBI Allows Residents for Joint Holding of Property Outside India !

Reserve Bank of India has modified the Foreign Exchange Management (Acquisition and Transfer of Immovable Property [...]

Capital Gains on Sale of Property Still Exempt u/s 54 if It is Used to Pay Installment of Flat/House Booked Earlier !

Long term capital gains on sale of property is exempted from tax to the extent [...]