At the end of every financial year, many taxpayers make investments to minimise taxes, without adequate knowledge of the various available options. A rush job often leads to mistakes and they end up investing in those schemes which don’t serve their financial needs. Neha Malhotra, Executive Director with inputs from Vasudha Arora contributed an article on Tax-saving investments on financial needs, goals for Financial Express.

Recently, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) ruled if a taxpayer invests capital gains of one house property into an under-construction flat, it should be considered at par with him constructing his own house, rather than a purchase. The ruling brings relief to taxpayers facing project delays, by giving them an additional year. Section 54 of the I-T Act deals with capital gains from a house property. Neha Malhotra, Executive Director shares her views on aforementioned story for Business Standard.  

neTax evasion is not a modern concept since it traces its origins back to when the concept of taxation emerged in Kautilya’s book ‘Arthashastra’ which refers to different types of taxes and punishments as a countermeasure for evading them. Low tax compliance is a matter of concern in many developing countries, limiting the capacity of their governments to raise revenues for developmental purposes. Neha Malhotra, Executive Director with inputs from Vasudha Arora, Nangia & Co LLP contributed an article on Government using technology to identify tax evaders for Financial Express.