This article will guide you through essential tax-saving techniques that will help you keep more of your hard-earned money in your pocket.
Not every doctor is corrupt and not every pharmaceutical firm resorts to unethical means to sell their products. However, there is no denying that a large number of doctors and medical companies adopt unfair means. Even the Supreme Court frowned at the expenses incurred on sales promotion of certain medicines
The article enlightens us on how the sparkling provisions of the Companies Act, GST and Income Tax reflect the diverse array of Diwali firecrackers, with each having its distinct influence on taxpayers lives.
There is a substantial number of pending appeals related to cash deposits after demonetization in India. For taxpayers, there are favourable case laws available to support their claims. These cases can be valuable references when dealing with income tax-related issues during demonetization.
06 November 2023 at 13:58
Capital gains tax is the tax levied on the profit made by an individual or an entity from the sale of an asset such as shares, property, or other capital assets.
Here, we present five such cases where the judgments favored the taxpayers (assessee).
Is tax planning an offence or not? From the Apex Court's decision in the case of Union of India vs. Azadi Bachao Andolan [2003] 263 ITR 706 (SC), it is transpired that once the transaction is genuine, merely because it was entered into with a motive to plan tax, it would not become a colourable device, nor does it earn any disqualification.
In the complex world of taxation, where sensitive financial information is handled on a daily basis, maintaining the privacy and confidentiality of clients is of paramount importance. Tax professionals are entrusted with a wealth of personal and financial data, and ensuring the security of this information is not just a legal requirement but a fundamental ethical obligation.
The article will guide us on how to handle old financial records under the various Acts. This will help businesses declutter.
In this article, we will explore the concept of relief under Section 90, the purpose of Form 67, and whether it can be filed belatedly.
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