Posts

Statement of financial statements is not required to be filed if no reportable financial transaction is there. However, it is advisable to submit "SFT Preliminary Response" even in such cases: Tax Talk

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A new compliance for widening the tax base : Tax Talk

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The third eye of I-T department is capturing everything. Pay tax & have peace of Mind: Tax Talk.

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LTCG exemption will be withdrawn if the new house is transferred within 3 years: Tax Talk

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There is no column to distinguish the deposit amount in old currency vs. new currency. It would have been better if the new ITR forms would have incorporated the remarks column or deposit column bifurcating the deposits in the old/new currency separately: Tax Talk

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Tax planning tips- Income Tax Law recognizes the concept of dual ownership in respect of immovable property i.e., the ownership of plot/ Land by one person and building by another: TAX TALK.

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The hardest thing to understand is Income Tax. Here is an attempt to simplify the complicated topic of income tax on Joint Development Agreement: Tax Talk

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