2:34 AM Income Tax IT - Circulars Taxability of surplus on sale of shares and securities whether Capital Gains or Business Income - Instructions in order to reduce litigation CIRCULARS Read More Share this Google Facebook Twitter More Digg Linkedin Stumbleupon Delicious Tumblr BufferApp Pocket Evernote Related Posts 5 smart things you should know about advance tax 1. Income tax that needs to be paid in installments during the year instead of lump sum payment at yearend is known asView: Government should reinstate wealth tax in Budget 2017 Wealth Tax, which was in force since 1957, was abolished in the 2015 Budget. I think this was a big mistake and, thereNo change in gold seizure norms in proposed I-T Law amendments NEW DELHI: There will be no seizure of gold jewellery and ornaments to the extent of existing guidelines during searchIncome tax queries answered by Dilip Lakhani, Senior Chartered Accountant Every week, an expert selected by ET answers queries from our readers on income tax: Q. I booked a commercial space w