If a tax payer has kept his concealed assets in a bank safe deposit vault, can the bank premises be…
All too often, indirect taxes are levied on companies, which are collected from customers to be passed on to the…
Under section 147 of the Income-tax Act, 1961, the assessing officer must have ?reason to believe? that income has escaped…
Various state governments give incentives for setting up industries. One such incentive pertains to giving a subsidy which has to…
Section 220(2-A) of the Income Tax Act, 1961, contains a non-obstante clause. It confers jurisdiction upon the chief commissioner or…
With a fall in prices of residential and commercial property all over India, difficulties may arise where properties are sold…
Where a foreign company or a non-resident merely imparts information, a question arises whether the consideration earned would be taxed…
An interesting question arises where a shareholder who is entitled to rights in equity shares transfers his rights.
As legislative history bears, there has been an amendment in section 2(31); inasmuch as prior to 1939, the phrase used…
Stock appreciation rights generally provide an employee with a cash payment based on the increase in the value of a…
Interesting questions arise under different laws when intellectual property rights located in India are transferred by a foreign enterprise.
Under section 22 of the Income Tax Act, 1961, tax has to be paid on the annual value of house…
Section 14-A was introduced in the Income tax Act 1961 with retrospective effect from April 1, 1962.
When transportation costs are incurred in bringing non-resident employees to a place of work in India and expenditure is also…
Section 282 of the Income-tax Act, 1961 provides that a notice may be served either by post, or in any…
Companies generally provide car loans to their employees. The cars are purchased by the company and they continue to be…
Section 28 of the Income tax Act,1961, provides for charging of income tax on the profits and gains of a…
Under section 68 of the Income Tax Act, 1961, unexplained cash credits are treated as income.
