Advanced Tax Laws and Practice

When does the Authority for advance ruling not allow an application for advance ruling? State the time limit to withdraw an application and to pronounce advance...

Mishra retired from service on 1st November, 2020 after serving 20 years and 8 months. He received ₹5,00,000 at the time of his retirement by encashing his unav...

Sesha, a British citizen comes to India on 24th December 2020 to meet his grandparents living in India. During the previous years 2016-2019, he stayed with them...

Incomes earned during a previous year are always taxable in the assessment year. Do you agree? Explain with reasons.

From the following information given by Duke Ltd., for the Previous Year 2020-21, compute the tax payable by it for the Assessment Year 2021-22 by assuming that...

Akansha received the following gifts on her birthday on 3rd July 2020: (i) Car worth ₹6,78,000 from her brother. (ii) Jewellery worth ₹28,000 from her husband...