Chartered Accountant ⁽⁷⁶⁾

The appellate framework under the Income Tax Act, 1961 is a carefully designed, multi-tier system that allows taxpayers to challenge orders passed by tax authorities. Given the complexity of tax assessments and the wide range of disputes—from additions under Section 69A to penalties under Section…

Non-Disclosure of Foreign Assets in ITR – Black Money Act & Tax Implications – NRIs, Returning NRIs, Resident Indians A significant number of individuals who fall under the diverse categories of Non-Resident Indians (NRIs)—particularly those specifically known as "Returning NRIs" who are permanently relocating back…

Any receipt of money, movable property, or immovable property received as a gift is taxable when it is received: Without consideration, or For inadequate consideration Such receipts are taxable under the head “Income from Other Sources” in the hands of the recipient. Non-Resident Individuals (NRIs)…