Income Tax Articles

Wealth Tax part 1

*RENU SINGH * 07 November 2011 at 12:08

Wealth tax :- As per section 3(2) of the wealth tax 1957, from 1993-94 , every individual , HUF and company is liable to pay wealth tax. Wealth tax is charged on the basis of The quantum of net wealth chargeable to tax under the Act. The time

Section 44 AB

M.R. PRASAD 05 November 2011 at 10:23

Section 44 AB Inserted by the Finance Act, 1984, w.e.f., 01-04-1985: A boon to C.As Practice. Up to that time, except Bank Audits, Company Audits, there is not much difference between work handled by the Income Tax Practioners, (TAX) Advocates

India Swiss Confederation Amendment 2011

Vrinda Aghi 01 November 2011 at 11:19

Protocol amending the agreement between Swiss confederation and the Republic of India for avoidance of Double Taxation: A critical analysis In order, to unearth black money stashed away in Swiss banks, India was awaiting Switzerlands ratif

Corpus meaning | Definition of Corpus Fund

CA VISHAL RANA,CS,B.Com,AMFI 28 October 2011 at 11:17

Corpus meaning: Corpus Fund The term corpus is often confused and misunderstood. The literal meaning of the term corpus is the main part/organ of a body.

PAN Laws in India

CA. Brijesh Baranwal 20 October 2011 at 16:39

PROVISIONS REGARDING PAN (PERMANENT ACCOUNT NUMBER) IN INDIA The Permanent Account Number is allotted by the Income Tax Department. No person can have more than one PAN. PAN is required for following transactions. for filing Income Tax retur

Understanding Tax deducted at source with latest case laws:

Manish Kumar Agarwal 20 October 2011 at 16:39

UNDERSTANDING TAX DEDUCTED AT SOURCE WITH LATEST CASE LAWS: PART - II In the part I of the article Understanding TDS with case laws published on February 2011 now we should move ahead and should discuss the latest judicial development in the are

Laws related to NRIs in India

CA. Brijesh Baranwal 19 October 2011 at 15:27

12 POINTS TO KNOW FOR NRIS/TO BE NRIs 1. NRIs whose taxable Indian Income exceeds basic exemption limit or who have earned short-term or long-term capital gains from sale of any investments or assets are liable to file income tax return in In

Section 271 (1) (c) of the Income-tax Act, 1961

CA Vanesh Nadar 14 October 2011 at 13:25

SECTION 271 (1) (c) PENALTIES Penalty under clause c of Sub-Section 1 of Section 271 of the Income-tax Act,

Generation/Absorption of Black Money in Property Transaction

Amar Makhijani 08 October 2011 at 13:27

ISSUE SUBMITTED FOR CONSIDERATION OF COMMITTEE ON BLACK MONEY GENERATION/ABSORPTION OF BLACK MONEY IN PROPERTY TRANSACTIONS-PRACTICAL WAY TO PREVENT/MINIMISE IT Black Money, whether generated by tax evasion or corruption, is largely i

Pension Overview

nandini mishra 28 September 2011 at 12:08

Pension: - As per Section 17 (1) (ii) of the Income Tax Act, 1961 pension is a payment made by the employer after the retirement/ death of the employee as a reward for past service. Who is eligible for pension/family pension: -