Goods and Services Tax (GST) being implemented, is held out to be the biggest tax reform in India since independence. As an entrepreneur, I find it a complete farce and colossal waste of opportunity while still incurring huge cost of implementation t ..
�Hey Niraj, am back to seek your help again� said Uncle Shrikant to his nephew Niraj Desai.�Completely my pleasure uncle, please tell me, how can I be of help to you.� Said NirajShrikant: As you know, my younger son, Aakash is ..
IntroductionThere exists proverb in English �Once bitten, twice shy�. This proverb doesn�t hold well in case of Indian tax system. After facing the Backlash from the international investors in case of Vodafone retrospective case whi ..
INTRODUCTION There has been so much euphoria with regard to Indian E-commerce story and is on track to become the world�s fastest growing e-commerce market. This growth story is being driven by robust investment activity by VCs, Angels and the ..
Black money refers to funds earned on which income and other taxes have not been paid. This money is largely accumulated from: 1. Lower income declared by Businessman in Income tax returns. 2. Money of Politicians & Government official creat ..
�Look Who�s here !! Mr. Desai, Good to see you.� said Mr. Suren Mehta, a retired banker. He was sitting with few other friends, Mr. Ajit Khanna and Mr. Rajat Ghosh, in a park as their daily routine in retirement days. He suddenly s ..
Goods & Service Tax (GST) is a regime of Uniform Tax. A regime in which multiple indirect taxes will be the talk of past and indirect taxes will be subsumed in GST. A. Taxes to be Subsumed in GST The following taxes will be subsumed under ..
Almost all tax statutes provide for first appeal against any tax demand or assessment order, to an officer of the same department, assigned the role of an appellate authority who is supposed to be a quasi-judicial authority, in the sense that despit ..
Five rare benefits of filing regular �Income Tax Returns� What is the benefit of filing income tax return? this is the first question when a client ram into the office of a CA or Tax lawyer . Genera ..
This is the story of 2 friends viz Amar and Rakesh. Both were from middle-income family backgrounds. Both joined same company at the same salary level of around Rs. 23,000 p.m. We all have heard the story of a hare and tortoise wherein the hare wa ..
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