India is currently the fifth largest economy in the world. With a sharp increase in...

New financial year has started with a great  news for charitable trusts and institutions where...

Income tax department requires taxpayers to furnish certain critical information through various forms on the...

SIP (Systematic Investment Plan) has become a new mode of investment and creation of wealth...

Redevelopment projects are the real estate projects where old construction is destroyed on the grounds...

Transfer of shares by way of GiftsCapital gain taxes are levied upon transfer of capital...

A charitable trust is a non-profit organization which is established for the purpose of betterment...

In income tax act, capital gains are taxed upon transfer of capital assets. Capital assets...

Many pharmaceutical companies have a strategy to distribute their promotional materials to various medical practitioners...

While computing income for the source of income from business and profession, certain expenses are...

Public Provident Fund (PPF) is a long terms saving cum investment plan, generally implemented by...

Everyone loves to receive gifts from their near and dear ones. However, income tax act...

A tax audit involves an expression of the tax auditor’s opinion on the truth and...

Accounting is the most critical aspect of the financial activities. A proper accounting system ensures...

A significant financial event that has occurred in our country during November 2016 to January...

It is often observed in the case of certain trusts that incomes or gains accrue...

Sale of capital assets is one of the important areas where taxation plays an important...

Advance tax, also known as “pay-as-you-earn” tax, is the income tax payable in advance by...