Person-Wise Opinion

  • Individual
  • HUF
  • Firm / LLP/ AOP / BOI
  • Indian Company
  • Foreign Company
  • Trust / Society
  • NRI
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Person-Wise Opinion
As per the Income tax Act, 1961, person includes—
  1. An individual
  2. A Hindu undivided family (HUF)
  3. A company including Foreign Company
  4. A firm including a Limited Liability Partnership firm
  5. An association of persons (AOP) or a body of individuals (BOI), whether incorporated or not
  6. A local authority, and
  7. Every artificial juridical person, Other than above, for e.g.
    A

    Non Resident Indian (NRI)

    B

    Trust / Society

There are situations in the real life when a person can face problems in deciding whether to pay tax on particular income or not and also whether to claim deduction / exemptions or not as there are innumerable situations when it prima facie seems an income as non-taxable but the same may liable to be taxed as per the Income Tax Act, 1961 and vice versa. There may be certain exemptions / deductions which are available to the person but the person may be unaware of same. Similarly, there are numerous situations where the person wants to know income tax chargeability of its income as per the Income tax Act, 1961.

There are situations where the person may be liable to pay tax and / or interest and / or may liable to relevant compliance procedures under various provisions of the Income tax Act, 1961 and contravention of said provisions may lead to penalty and which can be further extended to prosecution. Contrarily, sometimes person in an extreme precaution pay tax on such income which is non-taxable and also not claimed expenses which are allowable, which leads to payment of additional income tax which he is not supposed to pay. Thus in all such cases only said person at the receiving end suffered losses due to ignorance of law and also its wrong interpretation.

So, we are offering Income tax related opinion through "Easethebiz.com" in case of any of the above mentioned persons who are in dilemma in deciding about taxability of particular income or claim of deductions / exemptions which are very peculiar their case. Our opinion on any particular situation / fact are after an in-depth analysis of the facts of each case which is supported by cases decided by various authorities like Hon'ble ITAT, High Court and Supreme Court, if required.

Easethebiz.com provides the customized Income tax Opinion depending upon the facts and circumstances of each case for all the Income tax related queries and issues. Income tax opinion can be sought primarily on the following areas:

  • Opinion as regard to Income chargeable or exemptions / deductions available under Income from salary, House property, Capital Gains, Business or Profession or from any other source.
  • Opinion as regard to Departmental Notices and their responses
  • Opinion as regard to Filing of various Applications with the Income tax Department
  • Opinion as regard to Filing of Income Tax Returns
  • Opinion as regard to Filing of various Income Tax Forms
  • Opinion as regard to Filing of Income Tax Appeals,
  • Opinion as regard to Transfer Pricing issues
  • Any other Income tax Related opinion.