Income Tax Articles

New Procedure for remittance outside India w.e.f. 01.10.2013

Posted by CA. Anuj Gupta 15 October 2013 91030 Views

CBDT vide notification No. 67 dated 02.09.2013 notified new Forms Form 15CA and CB . The most important changes that have been brought in the new regime for making payments outside India w.e.f 01/10./2013 are as follows:- Chartered Accountant is s

TDS for the works contract tax liability under TN VAT act

Posted by P.Jagadeeswaran 09 October 2013 131854 Views

In Tamil Nadu, The Tamil Nadu Value Added Tax, 2006 received the accent of the Governor of Tamil Nadu on the 14th of December, 2006 and was enacted in the Legislature as Act No. 36 of 2006. This act repealed TNGST Act, 1959 and TNAST Act, 1970. Th

Karniti Part-V: Lets know Female related Income Tax Provisions

Posted by CA Umesh Sharma 08 October 2013 16794 Views

Keeping the conversation between Lord Krishna and Arjuna as the foundation, we will learn certain basic financial and tax matter. Let us try

Domestic Transfer Pricing - An Overview

Posted by CA Vijeta Verma 08 October 2013 36698 Views

BACKGROUND OF TRANSFER PRICING It is a universal phenomena that Mutlinational Companies(MNCs) have branches/ subsidiaries/divisions operati

Sec 50C - A Double Edged Sword

Posted by CA Rashmi Ainapur 04 October 2013 20801 Views

SEC 50C A DOUBLE EDGED SWORD Sec 50 C of Income Tax Act was introduced by Finance Act 2002, with effect from 01-04-2003 i,e Assessment Year 2004-05. The main intention for introducing Sec 50 C was to curb the movement of unaccounted elemen

CBDT harsh on CA Faternity

Posted by CA Nitesh Kumar More 01 October 2013 28638 Views

CBDT Sub - Extension of submission of time for submitting TAR & ITR 7 reasons: Why should CBDT extend time

Karniti Part- IV: When a person feel guilty of paying less tax

Posted by CA Umesh Sharma 30 September 2013 7712 Views

Keeping the conversation between Lord Krishna and Arjuna as the foundation, we will learn certain basic financial and tax matter. Let us try to get answers to our questions in a bit different and joyful manner. The character of Arjuna will be played

51 Suggestions on EFilling of Tar and Return

Posted by CA Nitesh Kumar More 30 September 2013 9253 Views

1. Institution enjoying exemption u/s 10(23b) have to submit tar u/s 44ab A. Sec 10(23b) exempt income from business of a khadi udyog etc

House Rent Allowance - Rent Paid to Wife?

Posted by Nikhil Kaushik 30 September 2013 45218 Views

House Rent Allowance - Rent Paid to Wife??(My grandmother says in Hindi, "Salary is tankha - tan means body, kha means eat). Often my clients from industry ask my advice for reducing their tax incidence. Earning a monthly salary they often end up cou

Profit and Gain under presumptive basis vis-a-vis Section 115JB

Posted by CA Dhruva Kalamanji 27 September 2013 13789 Views

As the number of zero tax companies and companies paying marginal tax had grown, the Minimum Alternate Tax Provision has been inserted in the Income Tax Act. It was felt that va