Time limit for completion of assessment and reassessment (1) No order of assessment shall be made under section 16 at any time after the expiry of two years from the end of the assessment year in which the net wealth was first assessable : 2[Provided that,— (a) where the net wealth was first assessable in […]
Wealth escaping assessment (1) If the Assessing Officer 87[has reason to believe] that the net wealth chargeable to tax in respect of which any person is assessable under this Act has escaped assessment for any assessment year (whether by reason of under- assessment or assessment at too low a rate or otherwise), he may, subject to
Reference to Valuation Officer (1) For the purpose of making an assessment (including an assessment in respect of any assessment year commencing before the date of coming into force of this section) under this Act, 82[where under the provisions of section 7 read with the rules made under this Act, or, as the case may be,
Any resident of the national capital aged 60 or above can avail of the scheme after acquiring a certificate from a local MLA, stating that he lives in the legislator’s constituency. One attendant aged 21 or more can accompany each traveller. The government bears the expenses for the attendant too. The pilgrimage scheme had been
Tax liabilities are something that everyone strives to minimise, and businesses are no exception. The practice of organising a business’s finances to ensure that it must pay the least amount of tax feasible is known as tax planning. To strategically optimise the entire tax burden, this architecture entails evaluating the expenses, profits, operations, investments, assets,
Technology Bureau for Small Enterprises (TBSE) is a joint venture between Small Industries Development Bank of India (SIDBI) and Asian and Pacific Centre for Technology Transfer (APCTT) to assist Small and Medium Enterprises (SME) in finance and technology. Technology Bureau for Small Enterprises (TBSE) The Technology Bureau for Small Enterprises (TBSE) is a platform for MSMEs to tap opportunities at
Taxes is crucial for every citizen and business in India. Taxes play a vital role in supporting the country’s growth, funding public services like healthcare, education, and infrastructure. In India, taxes are mainly divided into two categories: direct tax and indirect tax. While both contribute to the economy, they differ in how they are collected
In July 2013, the Indian government started the India e-stamping system. This effort attempted to reduce fraud and errors in stamp duty receipts. In India, the Central Record Keeping Agency (CRA), the Stock Holding Corporation of India Limited (SHCILestamp), can issue e-stamp certificates. Authorised Collection Centres (ACCs) are designated intermediaries, such as a bank or
Dropshipping is an order fulfillment option that allows ecommerce businesses to outsource the processes of procuring, storing, and shipping products to a third party—typically a supplier. This fulfillment model commonly appeals to entrepreneurs seeking efficiency and low overhead, but it can come at a cost—especially when it comes to customer experience What is dropshipping? Dropshipping
Indicorn refers to Indian startups that have achieved both significant revenue and profitability within a defined period. Unlike unicorns, which are startups valued at over $1 billion, Indicorns focus on financial sustainability and actual business success. What are Indicorns? Indicorns are an alternative to the term “unicorns”. They are profitable startups that have shown remarkable
CA Bhuvnesh Kumar Goyal
Chartered Accountants
cabkgoyal@gmail.com
9971782649
Ph: 9971782649
E: cabkgoyal@gmail.com
