April 2017 may be the earliest India can say goodbye to the demonetization nightmare Chest-thumping, hand-wringing controversy that has ensued since the announcement of demonetization on November 8, 2016, there has been an absence of facts on the question of re-monetizing India.
Will demonetisation reduce demand for rented properties? Many, including salaried employees, have invested in a second house taking advantage of the availability of bank loans. Owing to the unique mechanism of taxing `income from house property’, challenges arise due to demonetisation during income-tax (I-T) assessment, especially if the second house is lying vacant. In such […]
Get interest on exchange of old notes – Now MUMBAI: The premium for illegal exchange of old currency notes has collapsed and money changers are proposing to pay interest on old notes provided the owner agrees to lock in the money for a year or more.
GST : WHAT IS IN STORE The GST Council has had six meetings so far. They plan big but perform short. On last three occasions, its meetings were scheduled for two days but concluded in just one day each. Their seriousness and lack of home work can be gauged from the very fact they have […]
Transfer of property between firm & partners –Taxation aspects Introduction: S. 45(3) and S. 45(4) were brought in to the statute book to deem pooling of assets by partners in to the firm and distribution of assets by the firm to partners on dissolution or otherwise, as transfers for tax purposes with a view to […]