[ad_1] The income tax laws have certain provisions for clubbing of income with the income of the person other than the person who has earned the income. In this article I will discuss the provisions applicable to individual taxpayers. Clubbing provision applicable on transfer of assets Income arising on assets gifted by members to the …
[ad_1] Health insurance has always been the neglected child in most households. The optimism bias, especially among Indians, is usually high and many believe nothing bad will ever happen to them or their loved ones. However, things changed when Covid-19 came knocking on our doors two years back. The pandemic shattered our bias as we …
Four advantages of opting for a multi-year health insurance plan Read More »
[ad_1] The Supreme Court on Wednesday held that the reassessment notices issued under the unamended Section 148 of the Income Tax Act on or after April 1, 2021, will not be deemed to be invalid just because they were issued under the old law. While modifying the relevant orders of various high courts that quashed …
Tax reassessment: Supreme Court sets aside HC orders, revives show-cause notices Read More »
