Rich farmers are under Income Tax deptt Scanner IT department has identified rich farmers, who have declared more than Rs one crore as agriculture income, in both the states. “There are many assesse who fall in this category. But, as of now, IT department has identified 72 of them for a detailed scrutiny”, Income Tax […]
Set off and carry forward of losses As per Income Tax Act 1961, a Person as defined in Section 2(31) can set off and Carry forward the losses incurred. It is a big boon to a Person, because it plays an important role on the financial condition of a Person who has incurred such Losses. […]
LAST SEEN TOGETHER THEORY The theory of ‘last seen together’ is one where two persons are ‘seen together’ alive and after an interval of time, one of them is found alive and the other dead. If the period between the two is short, presumption as to the person alive being the author of death of […]
Best Ways to Multiply Your Wealth Through Investments you get tensed about how to cut on tax and save more and more without tilting your financial balance. Loads of suggestions, options and contradictory advice coming from your surrounding make the task lot difficult for you to decide on something particular. Here we are discussing some […]
New reporting requirements of CARO 2016 The Ministry of Corporate Affairs has issued Companies (Auditor’s Report) Order, 2016 on 29th March 2016 which has replaced the CARO 2015. CARO 2016 has introduced many new reporting requirements.