Month: November 2016

Pradhan Mantri Garib Kalyan Yojana: Last Call To Tax Evaders To Come Clean

Advocate Rahul Sarda has made a critical analysis of the provisions of the the Taxation Laws (Second Amendment) Bill, 2016 which proposes to tax unaccounted deposits of cash in the wake of the demonetization scheme. He has identified certain shortcomings

Analysis of The Taxation Laws (Second Amendment) Bill, 2016

CA Gautam Baid has prepared a bird’s eye-view review of the Taxation Laws (Second Amendment) Bill, 2016 in which he has identified all the core points that all tax professionals and tax payers have to be aware about

Levy Of Penalty On Deposit Of Unaccounted Cash U/s 270A Of The Income-Tax Act: Opinions Of Two Eminent Experts

CA Jaiprakash Bairagra and CA Paras Dawar have written separate articles in which they have considered the question whether penalty under section 270A of the Income-tax Act, 1961 can be levied in a case where a person has deposited his unaccounted cash in his bank account and paid due tax thereon in the return of income for AY 2017-16. Both learned experts have given cogent reasoning in support of their respective conclusions

Penalty For Cash Deposit In Banks Declaring As Unaccounted Income?

Dr. Raj K. Agarwal & Dr. Rakesh Gupta have dealt with the controversial question whether the deposit of unaccounted high denomination notes in the bank can attract penalty under section 270A of the Income-tax Act, 1961 even though the said deposit is offered to tax in the return of income. The experts have explained the entire controversy in the proper perspective


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