Simplified Laws Guide to Taxation and Legal Concern

Mrs.Malini has donated Rs.20,000 to R M Trust. She wants to know whether the entire amount can be reduced from the Income tax payable OR whether the entire amount can be reduced from her taxable income. The answer is, both are wrong. Through this article we have made a modest …

In one of my previous articles, I had mentioned about the criteria for selection of cases for scrutiny at Income Tax department. The department issue notices under Computer Aided Scrutiny Selection (CASS) to the taxpayers based on the information gathered from Annual Information Returns (AIR). Also, the department picks up …

Death is certain; date of death is not certain! So, one can’t have a planned death. What is possible is ‘planning’ in case of death! One of my clients passed away recently. He was one of the 4 shareholders (and directors) of a private limited company. The surviving directors met …