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Why will Investment in under-construction property not be treated as Purchase? As per section 54 of the Income Tax Act, 1961[1] acquisition of new flat in...
Under the provisions of the Income Tax Act, 1961[1] an assessed can acquire a Capital Asset as defined under section 2(14) of the Act with or without consi...
According to the provisions of the Income Tax Act 1961, income tax return filing is levied on the income of a person by the Government of India. It is levi...
Share Premium is a capital receipt. Start-ups are issuing shares at a premium. In recent times, the Government of India has been proposing various incentiv...
An individual can take benefit of an income Tax Refund once his tax liability is below actual taxes which he has paid. This happens when the advance tax, s...
Rules and regulations related to income tax raid or search and seizure was first framed in the Income Tax Act, 1956 by the Income Tax Department....
Income Tax refund is a refund from the income tax department. It can be in the form of advance tax, tax deducted at source etc. In this article we shall......
An Automotive Dealerships Audit Checklist helps in an examination and review of aspects related...
The Companies Commission of Malaysia sets mandatory guidelines for maintaining the annual compl...
An industry audit is an important aspect of the oil and gas industry, it serves as a tool for e...
With the ever-increasing complexity of operations and potential risks involved with the chemica...
A joint venture is a strategic business arrangement in which two or more companies collaborate...
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