Why there is a need for scrutiny selection by the Income Tax Department?There was a great need and importance of scrutiny selection by department, as all the assesses who file their return do not ...

What is Pricing Decision? By the term pricing decision, we mean the choices of business entities taken into consideration by them while setting the prices for their products and services. As pric...

What is illegal money? By the term illegal money we can understand the money which has been obtained from doing illegal activities ( proceeds of crime ) like Murder, Extortion, bribery, Drug traf...

Before coming on the main article, let’s understand why there is a need of invoking such provisions of section 194-IA under income tax act, 1961. There is a great need and importance of invokin...

In this article we will understand why section 269 ST is introduced and what is the need of invoking such provisions, Section 269ST was introduced by finance act, 2017 in Income tax act, 1961 by ...

In this article we will be discussing about the precautions to be take care while entering into a real estate transaction. Let us understand this article in the form of short story; There are...

In this article we will deal with the assessment of firms with one brief example,    First question is What is a partnership firm?  In entire income tax act,1961 partnership is not defined ...

The Constitution of India guarantees the citizens of the country certain fundamental rights. Therefore, under any system of rule of law , the right to appeal for redressal of one’s grievances...

Scrutiny Selection on The Basis of Air (Sft) Information the era of fast changing technology and data analytics, Income Tax Department too empowered itself with one of the most enabling data-set...