Income Tax Articles

Safe harbour Rules Vs Permanent Establishment

Posted by MOHIT JAIN 07 April 2014 10541 Views

Government has notified Safe Harbour rules (SHR) to provides certainty to Indian associate enterprise of MNC group in its Transfer Pricing Assessment The bigger question is that whether safe harbour will

Compliance - Income tax Return Filing. Why? And how to reply

Posted by CA Chirag Chauhan 01 April 2014 27766 Views

The Mission of Our Income Tax Department is To promote Compliance with our direct tax laws, through caring taxpayer service and strict enforcement, and thus realize maximum resources

TDS treatment for overseas transactions including M&A

Posted by ESHA AGRAWAL 29 March 2014 18089 Views

An instruction by foreign tax division of central board of direct taxes (CBDT) will put an end to litigation relating to TDS by indian taxpayer in overseas transaction including mergers and acquistions. When any payment is made to foreign company or

All about Income Tax Returns

Posted by CA. Kapil Goel, DISA(ICAI) 27 March 2014 33975 Views

The forms used to file income taxes with the Internal Revenue Service (IRS) are known as Income Tax Returns. Tax returns are set up in an excel worksheet format, where the income figures are used to calculate the tax liabi

Karniti Part-29: Every Taxpayer must verify his Form 26 AS

Posted by CA Umesh Sharma 26 March 2014 15108 Views

Arjuna (Fictional Character): Krishna, as one reconcile bank transaction with the bank statements from time to time, now taxpayers are required to reconcile the income tax with Form 26 AS. What is this Form 26AS? Krishna (Fictional Character): Arjuna

Joint Development Agreement - Landmark Judgment

Posted by Rupesh Srivastava 21 March 2014 208355 Views

Landmark orders on Joint development agreement, updated as on 21st March 2014 1. (2002) 4 CHN 115 "Development agreement comes out of the scope of the ambit of section 53A of the Transfer of Property Act. Therefore, section 53A of the TP Act, ha

Issue of Shares at less than FMV- Section 56(2)(vii)

Posted by MOHIT JAIN 21 March 2014 156825 Views

Analysis of Mumbai Tribunal Judgement in Sudhir Menon HUF (ITA No. 4887/Mum/2013)- AY 2010-11- Section 56(2)(vii) Facts:- Assessee was shareholder in a company and was allotted right shares (1,94,000) at face value of Rs. 100 each on 28.01.2010 The

Karniti Part-28: Colors of Income Tax and Taxpayers Holi

Posted by CA Umesh Sharma 18 March 2014 9900 Views

Colors of Income Tax and Taxpayers HoliArjuna (Fictional Character): Krishna on this day of March by making bonfire chilled winters comes to an end. Further in this month being an last month for the financial year 2013-14, taxpayers will have to blen

Conversion of Company into LLP-Accounting & Tax implications

Posted by Abhinav 18 March 2014 148628 Views

A business organisation structure is like our shoes; if too small, they pinch us; but if too large, they cause us to lose balance.1. IntroductionDeciding the form of business organisation is among the first decisions that an entrepreneur has to make.

Rajeev Gandhi Equity Savings Scheme - Section 80CCG

Posted by CHAITANYA GANATRA 14 March 2014 25250 Views

RAJEEV GANDHI EQUITY SAVINGS SCHEME (RGESS) ObjectiveThe objective of the scheme is to encourage the savings of the small investors in domestic capital market.EligibilityThe deduction shall be available to new retail investor whose gro