Got Married; create HUF to save tax & format of deed for creation of HUF
KEY POINTS IN CREATION OF HUF AND FORMAT OF DEED FOR CREATION OF HUF Under the Income Tax Act, an HUF is a separate entity for the purpose of income tax return. The same tax slabs are applicable...
Penalty can not be imposed where the controversy is regarding the legality of the claim made by the assessee: SC
Kanbay Software vs. DCIT (ITAT Pune) In respect of AY 2002-2003, the assessee claimed by a revised return that the loss suffered in respect of one s. 10A unit was not liable to be set-off...
| Know, why Its not the right time to invest in a house property
That the property market has undergone a significant correction is well known. That real estate experts are now talking about prices bottoming out is well known too. But, contrary to conventional...
Shocking-95% Appeals By Deptt. Quashed By CESTAT-Bangalore
Believe it, 90 per cent of the appeals filed by the Customs, Central Excise and Service Tax Department of our nation against assessees, who had received a favourable order at the lower level, have....
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Income-tax Act is a "National Disgrace" - Justice Dalveer Bhandari, Supreme Court
Hon'ble Mr. Justice Dalveer Bhandari, Judge, Supreme Court of India The Learned Judge laments that the Income-tax Act is a "national disgrace". He says that it is unfortunate that the law is so...
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