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Comprehensive Engineering & Financial Consultancy Services by My Tax Expert Team

Author
Er. Punit Goel
08/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 472
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Comprehensive Engineering & Financial Consultancy Services by My Tax Expert TeamIn today’s competitive and compliance-driven business environment, industries require integrated professional support that combines ...

Admission of a new partner /Retirement from Partnership Firm - Taxability under the Income Tax Act, 1961

Author
Ram Dutt Sharma
08/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 567
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Admission of a new partner /Retirement from Partnership Firm - Taxability under the Income Tax Act, 1961Partnership firm is a very common method of doing business in India. The Income tax has recognized the Partnership f...

Statutory Notices under the Income Tax Act, 1961

Author
Ram Dutt Sharma
08/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 293
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Statutory Notices under the Income Tax Act, 1961Statutory notices are an important part of all the proceedings under the Income-tax Act, 1961. The proceedings are initiated by issue of proper notice and valid servic...

Taxability of Income of nursery growing and selling flowers, flowers pants

Author
Ram Dutt Sharma
08/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 215
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Taxability of Income of nursery growing and selling flowers, flowers pantsThere are two type of operations are generally carried out in nursery or greenhouse operations. In the case where soil is removed from t...

Condonation of delay under section 119(2)(b) of the Income Tax Act, 1961 in filing of Return of Income

Author
Ram Dutt Sharma
08/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 266
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Condonation of delay under section 119(2)(b) of the Income Tax Act, 1961 in filing of Return of IncomeIf assessee does not file the return before due date then Belated Income Tax Return under section 139(4) can be filed ...

Power of joint commissioner/Additional Commissioner to issue directions in certain cases [Section 144A]

Author
Ram Dutt Sharma
08/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 159
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Power of joint commissioner/Additional Commissioner to issue directions in certain cases [Section 144A] A Joint Commissioner/Additional Commissioner may:(a)    on his own motion; or(b) ...

Interest Chargeable under the Income-tax Act 1961

Author
Ram Dutt Sharma
08/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 201
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Interest Chargeable under the Income-tax Act 1961The Income-tax Act 1961 provides for the charging of interest from the assessee for various defaults committed by him if there is a delay in the payment of amount due.&nbs...

Salary of foreign employees in India - Taxability

Author
Ram Dutt Sharma
08/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 274
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Salary of foreign employees in India - TaxabilityAn Individual who is not citizen of India or a person of Indian origin may become resident in India only in one of the following situations: -(i)   if he st...

Powers of Assessing Officer to grant stay of demand

Author
Ram Dutt Sharma
08/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 339
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Powers of Assessing Officer to grant stay of demandSection 220(6) of the Act gives discretionary power to the Assessing Officer to stay the demand and reads as under: “Where an assessee has presented an appeal und...

Leave Travel Allowance or Leave Travel Concession received by an individual from his employer [Section 10(5)]

Author
Ram Dutt Sharma
08/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 454
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Leave Travel Allowance or Leave Travel Concession received by an individual from his employer [Section 10(5)]Leave Travel Assistance (LTA)/ Leave Travel Concession (LTC) received from employer to proceed on leave to any ...