CA Gopal Nathani

The frightening headlines At a time when growth is slowing, productivity gains are fading and digital pressures are on the…

Scheme of tax deduction at source on payments to Non-residents Under section 195 of the Income tax Act, 1961 there…

Demonetization has given rise to two common day slogans of ‘Remonitization’ and ‘Digitization’. Remonitization, which is an act of restoring…

Today it is almost that 26AS has got supremacy over the income tax return submitted by an assessee. He who…

Reopening of assessment u/s 147/148 is big ticket to direct tax litigation. Almost every day a judgment is passed by…

Section 2 (47) of the Income tax Act, 1961 has been a very tricky definition section dealing with the term…

M/s P Chidambaram & Co. who seemingly worked as a limited liability partnership have earned much laurels in plucking leakages…

Under the present law the concept of deemed income in the context of non resident taxation include payment for fees…

Capital forfeiture or cessation of capital account liability   In more than one decision forfeiture of share application/call money is held as…

Series 2   Finding in the assessment- has probative value at penalty stage The Amristsar bench of ITAT in Hoshiarpur…