Taxation

Narendra Kumar

22 Jun, 2023

1. What is an Advance tax? Ans. Advance tax is the tax which is paid in advance before completion of the financial year. The Indian Govt. has made a mechan...

Narendra Kumar

01 Aug, 2019

There is a penalty and Punishment Under Income Tax for the various offense. Apart from that the income tax acts launching prosecution proceeding against th...

Narendra Kumar

31 Jul, 2019

To understand the TDS Penalty and late Fee provisions we have to go through first basic provisions of the TDS E.g. Due date of TDS payment, the filing of r...

Narendra Kumar

20 Jun, 2019

Analysis of Tax on Exempt Income u/s 14A Read with Rule 8D under Income Tax Act, 1961 It is well established governing principle of income tax act where it...

Narendra Kumar

25 Sep, 2019

What is transfer pricing in Indian Economy Ans. The increasing participation of multinational groups in the Indian economy has arisen various issues of a t...

Narendra Kumar

18 Dec, 2020

In India, Income tax is levied by the Central Government and the State Government. Some minor taxes have to be paid by people belonging to a particular reg...

Narendra Kumar

18 Dec, 2020

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...

Narendra Kumar

28 Dec, 2021

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...