Income Tax Articles

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

Capital Gain Tax Simplified

Posted by CA Pallav Singhania 16 October 2013 59852 Views

Chargeability u/s 45 Profits or gains arising from the transfer of a capital asset is chargeable to tax in the year in which transfer take place under the head "Capital Gains". Definitions Transfer: Sec. 2(47): Transfer in relation to

Few thoughts on Income Tax Scrutiny Provisions

Posted by Mahesh Kapasi 16 October 2013 22641 Views

Few thoughts on Income Tax Scrutiny Provisions is it Income scrutiny or Expenditure one! Once upon a time there was an Expenditure Tax it was so unpopular that government had no option but to withdraw it. Now indirectly it is in vogu

Karniti Part-6: Taxation of Political Parties under Income Tax

Posted by CA Umesh Sharma 15 October 2013 13175 Views

Arjuna: Krishna, In India now a days election is the topic of discussion among all. Lord Krishna: Just now all have celebrated Vijayadashmi and Festive season is g

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

Posted by CA. Anuj Gupta 15 October 2013 91032 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 131856 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