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Assessment under Section 153A of Income Tax Act 1961

Assessment under Section 153A of Income Tax Act, 1961

Section 153 A of the Income Tax Act, 1961 specifies the system for assessing income in the case of a searched person. In terms…
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Income of a Religious Trust under Income Tax Act 1961

Income of a Religious Trust under Income Tax Act, 1961

The definition of Religious Trusts is not present under the Income Tax Act, 1961. The creation of a Religious Trust is mandated by the…
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Taxation of Gold and Gold Products under the Taxation System in India

Taxation of Gold and Gold Products under the Taxation System in India

In India, gold is one of the most popular and respected assets. It has shown to be the strongest investment option for generating…
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What is Income Tax Audit

What is Income Tax Audit?

There are different types of audits performed under different rules such as company audits/statutory audits conducted under the terms of company law, cost…
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