Tag Archives: Income Tax

In a stellar move to tighten reigns on businesses evading taxes, the government has taken another step forward towards nabbing defaulting businesses. Prior to introduction of the GST regime, the Income tax department was literally handicapped with no access to data submitted by businesses in their sales tax returns, service …

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Online businesses including e-commerce marketplaces Flipkart and Snapdeal, coupled with ride-sharing organization Ola, have highlighted the probable for residence-grown know-how successes in a country finest noted for capitalising on low-priced engineering expertise as the world’s back Business office. The DIPP secretary said that While quite a few states are coming …

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Inter Head Adjustment If in any year the taxpayer has incurred loss from any source under a particular head of income tax, then he is allowed to adjust such loss against income from any other source falling under the same head. The process of adjustment of loss from a source …

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