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Author Archives: CA Pulkit Goyal (B.COM, FCA)

Income Tax implications on Cash Transactions

Income Tax implications on Cash Transactions

In the Indian economy, cash transactions have always played a major role and serve as a consistent reason for the accumulation of black…
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Powers & Limitations of the Commissioner of Income Tax

Powers & Limitations of the Commissioner of Income Tax (Appeal)

For effective financial management, it is essential to understand the functioning, powers, and limitations of the powers of the tax authorities. This turns…
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History of Income Tax in India

Evolution of Income Tax and Section 1 of Income-tax Act, 1961

The history of Income Tax in India is later back to the 1800s, In 1860 the tax was first introduced in India by…
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Overview of Goods and Services Tax (GST)

Harmonized National Market for Goods and Services in GST

Article 279A of the Constitution of India provides for the establishment of the Goods and Services Tax Board by the President of India…
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