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