Of late this month we must have received lot of demand from CPC seeking demand for non remittance of 234E FEES (not Tax). Well here is something to crunch on 234E will not apply to cases where TDS payment is made beyond the time limit prescribed for
Mr. Rajeev Kumar, a Chartered Accountant, working with a leading Automobile company was worried about his insurance policy. He had bought an insurance-cum-investment plan from a company (say K) 3 years back with an annual premium of Rs
Controversy on taxability of Engineering Procurement & Construction (EPC) company EPC companies are those which design the installation, procure the necessary materials and build the project, either directly or by subcontracting par
Income Tax law must have suffered the most volatility and changes since enactment in 1961. Government has been twisting it at will in order to extract more and more revenue. This must have the dubious distinction of being subject matter of highest li
Hello Friends,We will discuss on Double taxation avoidance agreement (DTAA). First we will understand the need of DTAA and its introduction.NEED AND IMPORTANCE OF DTAA : In modern world, no one stops doing business in his territory only, a businessm
Arjuna (fictional character): Krishna, recently players were purchased in crores of rupees for IPL cricket matches. All are crazy about cricket. How income tax is levied on the money re
Senior Citizens are an increasing component of the Indian Society and dependency in old age is increasing in the country. While on the one hand, there is significant increase in longevity and low mortality, on the other hand, cost of good health
A 'month' under the Income Tax Act,1961 - An English Calendar monthOR a lunar month of 30 days?You may be knowing that full interest is being charged for delayed remittance of tax for a part of a month (of the English Calendar, interpreting
The real impact of the amended provision of the Registration & other Relevant Laws ( Amendment ) Act 2001 on taxation of transfer of capital assets under the circumstances referred to in clause (v )of section 2 ( 47) of the income tax A
As per the tax rates applicable for A.Y. 2014-15, if the annual taxable salary goes above Rs 1 crore, a surcharge of 10% on Income Tax is to be added to the Income Tax calculated as per the tax slabs. Consequently, the Total Income Tax calculation sh
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English