Tags » Income Tax Act

In a Taxing Statute – There is no room for Intendment

In the case of Hansraj Gordhandas v. CCE and Customs, AIR 1970 SC 755 : (1969) 2 SCR 253, it was held as under: 400 more words

Central Excise Act

Must-Know Things About TDS for NRIs

Indian realty sector is a dreamland for investment and capital gains for most Non-Resident Indians (NRIs). The government has made few special rules and regulations for NRIs to facilitate more transparency in the buying or selling procedures and make the transaction process least complicated. 635 more words

Real Estate

GST Tip - 76

Tax Collected at Source i.e TCS is also applicable under GST, similar to TCS under Income Tax Act, TCS_GST is to be deducted by e-commerce operators while making payments to their suppliers.

CMA Bhogavalli Mallikarjuna Gupta

I-T notices to 50 car dealers; seeks details of customers post Nov 8

The Income-tax department has issued notices to over 50 car dealers, asking them to furnish details of customers who have bought cars after November 8, following the…

93 more words

GST Tip - 69

Tax Deducted at source is applicable under GST also. It is different from TDS under Income Tax Act. It is applicable on the supply of goods and services as notified by the Government through GST council. 28 more words

CMA Bhogavalli Mallikarjuna Gupta

Things NRIs Must Know while Selling Property in India

Indian real estate has emerged as one of the most profitable investment options for several NRIs over the years. And, frankly, the NRIs have earned good returns over a period of time. 685 more words

Real Estate

New income declaration scheme explained

Evasion of taxes deprives the nation of critical resources which could enable the Government to undertake anti-poverty and development programmes. It also puts a disproportionate burden on the honest taxpayers who have to bear the brunt of higher taxes to make up for the revenue leakage. 99 more words