Income Tax Articles

Deemed Dividend

KARTIKEY 18 December 2012 at 11:29

DEEMED DIVIDEND Deemed dividend under section 2(22) from an Indian company or any dividend from a foreign company is taxable in the hands of shareholders under the head Income from other sources, regardless of the fact whether shar

Cases on Income Tax decided by Supreme Court and High Courts

Raju S Narayanan 18 December 2012 at 11:29

Some of the case laws on Income Tax decided in the month of Nov2012: 1. Where assessee continued his employment with the firm, and was also given commission under Non-Compete Agreement ('NCA') for doing what he was normally ex

Section 50C - A detailed analysis

Kailash Mehta 17 December 2012 at 11:44

Applicability of Section 50C to sale of immovable property by Builders and sale of immovable Property in block of assets. 1. INTRODUCTION: The generation of black money is major problem in India. Various committees were formed and number of suggesti

Use the Current Market Rally to exit Bad Apples!

Prof. Bajaj 14 December 2012 at 11:44

The recent run-up in the equity markets has suddenly spread all surprises and smiles to the investor community. Although it would look too tempting to start investing in this market, lets take a step back and first lets clear off all that we were

What's there in the name?

Prof. Bajaj 11 December 2012 at 11:39

Buss Naam hi Kaafi hai might be an impressive punch line for our favorite actor or to promote some product, but when it comes to making investment decisions, go by what Shakespear says, Whats there in the name ?

TDS under Section 194A

Ankit Gupta 07 December 2012 at 11:56

TDS under Section 194A Delayed Payment of Purchase Bills By CA. Ankit Gupta (argtaxconsultants@gmail.com) Issue: Whether there is any requirement of withholding tax (TDS) under section 194A of the Income tax Act, 1961 (

Interest on Housing Loan - Doubly Beneficial

Dilip K Raina 06 December 2012 at 11:04

Purchasing a residential property these days is really a dream come true. Few years back government started giving incentive under section 24 of the income tax act by allowing interest on housing loan to be deducted from the total income of the re

Newly Inserted Section 80CCG

CA Roopak Singh 06 December 2012 at 11:03

RAJIV GANDHI EQUITY SAVING SCHEME SECTION 80CCG Finance Act 2012 has come up with a new section 80CCG, to be made applicable from F.Y. 2012-13 onwards. The Scheme not only encourages the flow of savings and improves the depth of domestic capital mar

Precise provision on tax collection at source (TCS)

Yogesh Agarwal 05 December 2012 at 12:05

Provisions related to Collection of Tax at Source under Income Tax Act 1961 This is my privileged that I received a good response to my previous article and with that over whelming response I courage to write another article. This time I did not g