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    • Non-taxable income cannot be classified as 'undisclosed income' on technical grounds, ITAT holds

    • Faceless assessment: CBDT gives fresh SOPs; directs officers to give ample time to assesses

    • Surplus on sale of agricultural land is capital gain

      Tax consultant Subhash lakhotia clears the air on the confusion regarding surplus income on the sale of agricultural land and whether it qualifies as capital gain.

    • Joint ownership of house valid for saving capital gains tax

      Tax and investment consultant Subhash Lakhotia explains on how to save capital gains tax when the house/property is in the joint ownership of the assessee and his wife.

    • I-T official calms India Inc on implementation of GAAR

      Promila Bhardwaj, director-general, department of income tax (international) CNBC-TV18 that industry need not worry regarding the implementation of GAAR because the assessing officer's opinion would be filtered by an officer vested with the powers of a commissioner.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347