Income Tax Articles

Full Summary of Form 15CA & 15CB Requirements & relevant Provision

Posted by CA Manan Gupta 16 October 2015 31452 Views

Firstly to understand the provisions & needs of Form 15CA & 15CB, we have to understand the income Tax Act & Rules made behind the compliances and transactions required the compliances of Form 15CA & 15CB.1- Section 195(6)of Income

Differences between Income Computation and Disclosure Standard and Accounting Standard

Posted by rohitash rajpurohit 14 October 2015 17644 Views

Statement showing differences between Income Computation and Disclosure Standard and Accounting Standard ICDS corresponding to accounting Standards ICDS No. ICDS Corresponding to AS Applicability on JAL I

Otiose extension by CBDT: A puerile step

Posted by Harish Chander Bhatia 06 October 2015 10120 Views

WILL CBDT and its sycophants introspect and explain to their own consciences that why this foolishness to extend due date for filing of ITR/TAR after ending of statutory due date. What purpose it has served for them. Those who put the CBDT and MoF i

Form 3CD - A Detailed Analysis

Posted by Pranjul Mittal 30 December 2020 274008 Views

FORM NO. 3CD[See rule 6 G(2)]Statement of particulars required to be furnished under section 44AB of the Income Tax Act, 1961PART - A Name of the assesse(Here the name of the assesse is to be mentioned, and in case such audit is carried in respect of

Receipt without consideration (Gift) from Non-Relatives - A tool for tax planning

Posted by CA Preksha Choraria 28 September 2015 16524 Views

Any receipt without consideration or receipt with inadequate consideration from relatives (as defined under Income Tax Act) is not taxable. However, certain receipt without consideration or receipt with inadequate consideration even from non-relative

Basic about income tax department

Posted by CA Ram Bajaj 16 September 2015 51413 Views

Introduction � Income Tax Return, Audit is normally filled online at income tax department website. Herein I would like to discuss some basic knowledge about the working of income tax department. Generally, after become CA, it is very hard to g

Understanding of 44AB -Tax Audit

Posted by BHARAT PAUDEL 14 September 2015 119498 Views

Understanding of 44AB Tax AuditIntroductionThe main objects of any audit are : To certify to the correctness of the financial position as to shown in the Balance sheet, and the accompanying revenue statements, The detection of errors, The detection o

Gift (Receipt without Consideration) to Persons other than Individuals & Hindu Undivided Family

Posted by CA Preksha Choraria 12 September 2015 18606 Views

*What is Gift?In Layman�s language, gift is transfer of goods or property (movable or immovable) from one person to another without consideration. As per Income Tax Act, Receipt without consideration or Receipt with inadequate consideration, by

How to tackle with income tax notices

Posted by naveen 10 September 2015 34195 Views

Many of my family members & friends are receiving notices from Income tax department; usually any communication from the Income Tax department, especially receiving a notice from them, can send shivers down anyone's spine. A majority of the n