Recent Posts

Income tax notice to those who bought car after 8th Nov

After a series of raids across the country following demonetisation, the Income Tax Department is now taking a close look at car sales that were made after November 8. Car dealers across the country have been asked to share details of those buyers who made purchase after Prime Minister Narendra …

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Mr. Kejriwal – Please refund my membership fee

The story of human evolution is a fantastic one. While the planet we call our home is many thousands of million years old, human history is quite recent. We can confidently say that humans are the current masters of Earth; but given how recent our origin was, one begs to …

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Income tax department instructions on reporting of Cash Deposit

Today CBDT issued notification requiring Banks and post office to file Statement of financial transactions covering following cash deposit on or before 31st January 2017. Cash Deposit of 2,50,000 or more in any Savings Bank Account (any account other than current account) during 9-9-2016 to 30-12-2016 Cash Deposit of Rs. …

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