Income Tax Articles

Filing revised return under Income Tax Act, 1961

Amit Bajaj 06 June 2011 at 13:19

If a person has filed his return of Income u/s 139(1) of Income Tax Act 1961 i.e within the due date of filing the return and if he subsequently finds that in the original return he has committed some mistake bonafidely then he can revise his return

Procedure for issuance of Lower/Nil TDS Certificate

Manish Kumar Agarwal 04 June 2011 at 13:15

Procedure for issuance of Lower / Nil TDS Certificate Every finance professional are making estimated accounts of the company and based on that you can also prepare the estimated computation of total income assuming same adjustmen

TDS on Interest Paid to Overseas Bank

CA Navin Jain 28 May 2011 at 12:31

TDS ON INT PAID TO OVERSEAS BANK Following points to be considered while deduct TDS on Interest on loan ta

Issuance of TDS Certificates in Form No. 16A

Manish Kumar Agarwal 26 May 2011 at 12:04

As you are aware that at present, the activity of issuance of Form No.16A is distinct and independent of filing of e- TDS statement on quarterely basis and therefore the chances of mismatch, in certain cases, between TDS Certificate in Form No.16A a

Advance Rulings

Rahul Ramesh 25 May 2011 at 11:33

Chapter XIX B of the Income Tax Act 1956 deals with Advance Rulings. Authority for Advanced Rulings is constituted under section 245O by the Central Government for giving advance rulings. The authority shall consist of a Chairman and two

Understanding double tax avoidance agreement

Manish Kumar Agarwal 21 May 2011 at 12:27

UNDERSTANDING DOUBLE TAX AVOIDANCE AGREEMENT WITH LATEST CASE LAWS In Todays modern world of advanced globalization, business is not restricted to a single geographical territory & crosses all border of the countries. This had emerge

Understanding Transfer Pricing With Latest Case Laws

Manish Kumar Agarwal 19 May 2011 at 15:37

UNDERSTANDING TRANSFER PRICING WITH LATEST CASE LAWS: In the modern global village, Transfer Pricing is one of the most disputed & complex subject with respect to the transactions with Associated enterprise. There are number of judgments comin

TDS is no more Tedious

Member (Account Deleted) 19 May 2011 at 15:36

TDS is no more Tedious Govt easily says Tax bharo Aur chain Ki Nind so But when you actually deduct tax & deposit that to Govt aapki Raton ki Nind Ud jati Hai. Now days, Income Tax department very frequently issuing Notices u

Section 68 of Income Tax Act 1961

Amit Bajaj 19 May 2011 at 13:17

According to section 68 of Income Tax Act 1961, where any sum is found credited in the books of an assessee maintained for any previous year, and the assessee offers no explanation about the nature and source of the same or the explanation offered b

Issue of TDS Certificate

Muralidharan 14 May 2011 at 12:27

13th May 2011 Dear Forum Members We are all aware that those who deduct TDS has to issue TDS Certificate (Form 16A) for every quarter. This is applicable from the financial year 2010-11 onwards (Assessment Year 2011-12). This has put an additional b