CA Nirmal Ghorawat's Blog

Author: Nirmal Ghorawat

  • Role of CAs under RERA Law

    Role of Chartered Accountants 1.    Third proviso to Section 4(2) of the RERDA mandates that the promoter (a)   shall get his accounts audited within six months after the end of…

  • TAX AUDITS UNDER UAE TAX PROCEDURES LAW

    Articles 17 to 23 of the UAE TAX PROCEDURES LAW deal with Tax Audit by the Federal Tax Authority of UAE.

  • Deduction u/s 80E – Interest on Loan taken for Higher Education

    Deduction u/s 80E in respect of interest on loan taken for higher education. Sl. No. Criteria Conditions 1 Eligible Assessee Individual 2a Eligible Lender any financial institution which means a…

  • Section 54 – Is a Flat a Residential House?

    The words and phrases ‘apartment’, ‘flat’ or ‘residential house’ are not defined under the Income Tax Act, 1961. 1. Clause (a) of Section 2 of The Gujarat Ownership Flats Act,…

  • e-Assessment under The Income Tax Act

    The term “e-assessment”, in its broadest sense means the use of Information Technology Tools for the purpose of Assessments under the Income Tax Act, 1961. The Finance Bill, 2016 which…

  • Family Arrangement

    A ‘Family arrangement’ is an agreement between members of the same family, intended to be generally and reasonably for the benefit of the family either by compromising doubtful or disputed…