Read Time: 3 minutes A search operation was carried out by the Income Tax department in the business premises of a taxpayer, who was working as...
Read Time: 3 minutes A salaried employee earning around Rs 15 lakh has a tax liability of around Rs 2.50 lakh. But you can be completely...
Read Time: 3 minutes If a taxpayer while making a claim for a deduction refers a wrong section under the Income Tax Act for the same;...
Read Time: 4 minutes Over the last decade, it has become common practice to book an under-construction property and sell it within six months to one...
Read Time: 3 minutes A taxpayer was carrying on a manufacturing business since 1963 in an industrial shed, which was taken on rent. In 2004, the...
Read Time: 4 minutes A taxpayer had sold a property in South Mumbai for a Rs 1.42 crore. After deducting the indexed cost of acquisition, etc,...