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A Guide to Smart Tax Planning in India Tax season often brings a wave of stress for many individuals and business owners. The scramble to gather documents and file returns can feel overwhelming. How ........ View More
Top CA Firm in Delhi NCR: Your Guide to Financial Excellence Finding the right chartered accountant firm in a bustling economic hub like Delhi NCR is crucial for any business, NGO, or trust. This is ........ View More
Who is the Best Chartered Accountant in India? Navigating India's complex financial landscape requires a skilled guide. For businesses, NGOs, and trusts, a chartered accountant (CA) is more than jus ........ View More
Top CA Firms in Delhi for Articleship The journey to becoming a Chartered Accountant (CA) is a marathon of dedication, study, and practical application. The most crucial phase of this journey is the ........ View More
CA Sunil Arora
Public advisory issued by the department as part of compliance-cum-awareness campaign regarding disclosure of Foreign Income Assets. The taxpayers who have not disclosed their foreign income or for ........ View More
Section 147. Income escaping assessment After complying with the provisions of Section 148 to 153, the A.O. may assess or reassess income which has escaped assessment. Section 148. Issue of notice ........ View More
The proposed provisions with respect to reassessment of income have made substantial changes to the existing law contained in section 148, 148A, 149 and Section 151 of the statute. Some of them are br ........ View More
Provisions with respect to reassessment of income contained in section 147 to 151 of the Income Tax Act, 1961 were substituted by the Finance Act 2021, with effect from 1st of April 2021. The said sub ........ View More
Section 194-IA of the Income Tax Act, 1961 primarily provides for deduction of tax at the rate of 1% of consideration paid to a resident for acquisition of an immovable property. The said provision ........ View More
The concept of taxing premium on issue of shares was brought in to the statute by Finance Act, 2012 with effect from 1st of April, 2013 by inserting section 56(2)(viib) in the Income Tax Act, 1961. Th ........ View More