Topics

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Discussion / Whether cross gifting concept rescues the assessees from tax implications

« on: December 11, 2019, 02:45:37 PM »

There is no prohibition under Income Tax Act upon cross gifting thus it can also be used as measure for cash deposits made during demonetization period.

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Discussion / Assessments in the year of the death of the Assessee

« on: March 28, 2019, 02:09:30 PM »

In the year of the death section 159 will comes into existence and along with it section 168 comes into existence if property is not distributed to legal heirs