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Income Tax Articles


Karniti Part-10: After Diwali,Take care of health exps & Income Tax

Posted by CA Umesh Sharma 12 November 2013 16927 Views

Medical Expenses and Income Tax Arjuna: Madhava, just now Diwali festival has been celebrated. On the occasion of Diwali, we have discussed how books of accounts to be maintained and if one has to start new business then which tax laws are required



Shastrarth: Taxation of Gifts on Diwali

Posted by Abhinav 07 November 2013 24401 Views

Shastrartha: Taxation of Gifts received on Diwali Man: Hey Lord! The festival of Diwali has brought us closer to our relatives. The exchange of blessings, gifts, sweets arouses the love that exists amongst us. God: It is good to enjoy but never fo



Karniti Part9: Starting New Business! Follow the Laws!

Posted by CA Umesh Sharma 05 November 2013 17641 Views

Arjuna: Dear Krishna, After Laxmipujan, on Padva, New Year is starting. Many new business ventures and activities are inaugurated on this auspicious occasion. In Diwali festival this day have a great importanc



Karniti Part8: Maint & Workship of Books of Accounts in Diwali

Posted by CA Umesh Sharma 31 October 2013 18214 Views

Maintenance of Books of Accounts and their Workship on the eve of Diwali Arjuna: Krishna, the festival of Diwali has arrived. Housewives (Gruhlaxmi) are busy in cleaning and decorating homes. Businessmen are also busy in the market. Accordingly plea



The Reality about Realty!

Posted by Prof. Bajaj 28 October 2013 26623 Views

Trust me Sir, real estate will always give you best returns. The prices cannot go down and you will be double your money in 3 years. I think you should book this flat. said Kunjan Srivastav, a seasoned real estate broker to his potenti



Tax treatment of Agricultural Income

Posted by CA Manish 24 October 2013 190815 Views

Agricultural Income Tax treatment / Taxability Agricultural Income : Agriculture income is exempt under the Indian Income Tax Act. This means that income earned from agricultural operations is not taxed. The reason for exemption of agricultu



Taxation Entries for Vat,Excise,Service tax and TDS

Posted by CA Parul Saxena 24 October 2013 87439 Views

Sometimes people have good idea about the taxation they know very well the provisions of tax and effectively compute the tax liability monthly/quarterly/half-yearly or yearly basis as the case ma



How to reset Income Tax Efiling Password Quickly

Posted by @VaibhavJ 22 October 2013 200296 Views

Since we are not required to access E-Filing website as human we tend to forget its Login Information & Password. So let see how you can retrieve login details step by step. First you need to



Karniti Part 7: Agricultural Income & some misbeliefs under I.T

Posted by CA Umesh Sharma 22 October 2013 18826 Views

Agricultural Income and some beliefs / misbeliefs under Income Tax Keeping the conversation between Lord Krishna and Arjuna in Bhagwat Gita as foundation, we will learn certain basic financial and tax matter. Let us try to get answer



Section 194H - Principal and Agent Relationship?

Posted by CA Dhruva Kalamanji 21 October 2013 15790 Views

Section 194H Principal and Agent Relationship? In the normal course of business, to gear the sales the manufacture will give many types of incentives (in the form of commission or brokerage) and discount to his dealers. The very




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