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Indian Chartered Accountant Blog

The Indian Chartered Accountant Blog is the mini-journal about Indian taxation, Accounting, Auditing & Corporate Services.

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If the Karta of an HUF gives a gift to his own HUF, and the HUF generates income out of it, will this HUF income be clubbed with the Karta's income

What are the tax implications of giving a gift to my parents? Will it be taxable, how do I show it under which section of indian income tax? Myself

I am an individual businessman. My nature of business is interior decorators, painting & aluminium fabrications on contract basis. The problem is all

Can unabsorbed depreciation be set off against income in the nature of STCG on Depreciable Assets? Any case law is there? Reply from M/s.V.Krishnan &

We want to file a revised return. Reason of revision is wrong entry made in books of accounts. Because of which Balance Sheet is showing wrong