Income Tax Articles

Risk review of an assessee who deposits Rs. 500 and 1000 currency without proper source of income

Posted by CA RITUL PATWA 15 November 2016 30938 Views

Prosecution Risk for Rs. 500/- and Rs. 1000/- notes deposited in Bank without proper Explanation of the Source of Income

Sec 270A of the IT Act : Encouraging assessee to disclose unreported income?

Posted by Manu Gawri 13 May 2017 28031 Views

I have tried to analyse the newly added section 270A and show that this section is encouraging the assessed to discourse his unreported income.

Probable reason why Rs 2000 note are being issued

Posted by CA Keshav 12 November 2016 60750 Views

This notification has been issued to eradicate black money from the economy,fighting against corruption, terrorism and enhancing digital payment.

Guidelines for replacement of Rupees 500 and 1000 notes

Posted by CS Divesh Goyal 12 November 2016 41067 Views

Guidelines for replacement of existing Rs 500 and Rs 1000 notes with new notes and to understand the procedure of scheme and relevant provisions of Income Tax.

Cash deposits vis-à-vis presumptive taxation

Posted by CA CMA CS Ram Pavan Kumar Melam 12 November 2016 23076 Views

Cash deposits vis-à-vis presumptive taxation

How to calculate ALP?

Posted by CA Laxman Agrawal 12 November 2016 15420 Views

Determination of price as per the guidelines notes of institute of chartered accountant

Penalty for depositing cash in bank account?

Posted by Paras mehra 12 November 2016 64541 Views

In this article, we will discuss how government will levy penalty or tax on the cash deposit in bank account of the public.

Whether and how much money should be deposited in Bank?

Posted by CA Keshav 10 November 2016 55744 Views

This article is in for the interest of general public to avoid any harassment by the Income-tax (IT) Department in future and share it as much as possible for the sake of general public :After announcement by our PM Modi for withdrawal of Legal Tende

Your money will be your money!

Posted by ROHIT 09 May 2017 17131 Views

One thing we must admit that 8th and 9th November 2016 were the days a Chartered Accountant or a Tax Consultant has received the maximum number of phone calls o...