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Extension of IT Due Dates

  CA Umesh Sharma    14 September 2021 at 09:32

Extension of Income Tax Due Dates



How Stubbornness of Shekhar Became A Life-Saviour For Vishal (And How It Teaches An Unforgettable Tax Lesson)

  Hardik Lashkari    14 September 2021 at 09:32

Vishal was dejected. He was feeling disheartened as he was left with no choice. He had to do what his dad, Shekhar, asked him to do this morning. 



My learnings from Rich Dad Poor Dad

  Dhruv Nandani    13 September 2021 at 09:30

This blog is not meant to capture the facts discussed in the book - so if I tweak them slightly because I learnt something else from it, please don’t hold me for it. Also, your learnings may differ from mine



Tax Exemptions Available For Startups In India

  Taxblock    13 September 2021 at 09:30

In order to accelerate the spreading of the startup movement in India, the Government had announced an action plan known as the Startup India initiative that addresses all the aspects of startup ecosystems.



OPC Annual Filing, Compliances, Due Date & MGT-7A

  CS Lalit Rajput    11 September 2021 at 23:00

OPC shall file a copy of the financial statements duly adopted by its member, along with all the documents which are required to be attached to such financial statements, within 180 days from the closure of the FY.



Invocation of Section 69C If Assessee Is Opting For Presumptive Taxation

  CA.R.S.KALRA    11 September 2021 at 22:59

Provisions of section 69C are very clear that wherever the assessee fails to explain the source of certain expenditure incurred during the year, the same may be deemed to be the income of the assessee.



Income Tax Updates: Transfer of capital assets from Air India Limited to Air India Assets Holding Limited

  CS Tanveer Singh Saluja    11 September 2021 at 22:58

CBDT has issued certain notifications to provide for the transfer of capital assets from Air India Limited to Air India Assets Holding Limited and to clarify certain things under the Income Tax Act, 1961.



Annual General Meeting and its Matters

  Brajesh Kumar    11 September 2021 at 09:44

AGM provides members with an opportunity to collectively discuss the affairs of the company and to exercise their ultimate control over the management of the company.



What is not included in the definition of Capital Asset?

  Ritik Chopra    11 September 2021 at 09:35

While computing income under the head income from capital gains, the most important thing to understand is the definition of a capital asset. However, let us discuss certain assets which are not considered capital assets.



Procedure For Implementation Of Section 51A Of The Unlawful Activities (Prevention) Act, 1967

  FCS Deepak Pratap Singh    11 September 2021 at 09:34

It is necessary to take strict steps to curb the nexus of ML and Terrorism. The government to coup with above has made changes in the Anti Money Laundering Act, 2002 and Unlawful Activities (Prevention) Act, 1967.




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