Income Tax Articles

TDS u/s 194C-(Applicability in certain cases)

Yogesh Agarwal 02 February 2012 at 16:41

The section deals with the deduction of tax at source from the payment made to contractor. However, I am not dealing with the whole provision of the section but only with the contract for printing job or rather say manufacturing or supplying a pro

Do we really understand the meaning of risk?

Prof. Bajaj 02 February 2012 at 16:40

The other day, I was talking to a friend of mine, Sunil (name changed), when he told me that he is looking for a good life insurance policy for his father, who is 65 years old. Sunil also said that most of the policies do not cover his father and

Understanding capital and revenue receipt and expenditure

Manish Kumar Agarwal 31 January 2012 at 15:37

There is always a dispute in respect of capital & revenue receipt & expenditure. Lets clarify the same with the help of some of the latest judicial decisions in this respect. Non Compete Fees : Non compete fee received by assess

Vodafone tax case few suggestions

Mahesh Kapasi 30 January 2012 at 11:04

Sub:Vodafone case-few suggestions to implement in future tax laws

Peak Credit and telescoping theories under income tax

Amit Bajaj 17 January 2012 at 12:19

There may be some cases under Income Tax Assessment proceedings where there are a large number of unexplained credit and debit enteries of a person standing in books of account of an assessee. In such case the AO may tend to add all the aggre

Why is Insurance Mis-Sold in India?

Prof. Bajaj 16 January 2012 at 12:23

Come on !! If you are a really good friend of mine, you ought to buy a life insurance policy from me Sounds Familiar ?? How many times we keep hearing this argument from a close friend (?) or a relative to buy an insurance policy fro

Time-Time ki Baat hai : Part-I

Prof. Bajaj 13 January 2012 at 12:35

I have seen the world Son!! Not for nothing I have these gray hair said Mr. Anand Desai, 56 Years old businessman to his son Niraj Desai, 28 years old professional working with a leading IT company. No Dad, I am also a post-gra

Things you didn't Know about PPF!

Prof. Bajaj 10 January 2012 at 14:27

Its the HR mail again. I need to do my tax savings now and submit the proofs. Said Monisha, a 26 years old Software professional to her colleagues Akshay and Neha. Neha: Me too !! Where should I invest ?? Monisha: Of course PP

Understanding income from house property with latest case laws

Manish Kumar Agarwal 10 January 2012 at 14:24

UNDERSTANDING INCOME FROM HOUSE PROPERTY WITH LATEST CASE LAWS : In this article, we will discuss recent decisions of various courts & tribunals in respect of income from house property which will enable us better understanding of the subject an

It's the way we look at it!

Prof. Bajaj 05 January 2012 at 13:19

Who can be wiser than me? I had purchased a land for Rs. 12 Lakhs in 1996. I recently sold it for Rs. 1.12 Crore. This is what I called wealth creation. And this is possible only in real estate. Said Dinesh, a 38 year old businessman