Income Tax Articles

Pension- Taxation issues

Posted by ESHA AGRAWAL 06 October 2014 184198 Views

Pension is a retirement benefit; this is taxed as salary in the hands of the employee. Tax is deductable under section 192 of income tax act on payment. Family pension received by the dependence of the employee is taxable under th

Transfer pricing issues relating to royalty payment

Posted by RAGHAV GUPTA 04 October 2014 30971 Views

Royalty payment has been a matter of intensive discussion in India as well as internationally. Recently, the Organisation for Economic Cooperation and Development (OECD) published discussion paper on Base Erosion and Profit Shifting (BEPS) in which i

Certificate under Rule 37BB of Income Tax Rules, 1962

Posted by Milind M. Kulkarni 01 October 2014 96250 Views

Requirement for certificate of an accountant under Rule 37BB, or certificate in form 15CB as it is popularly known, originates from Section 195 (6) of Income Tax Act, 1961 (“the Act”) which requires a person making payment to a non reside

The Story behind the Extension of Due Date for ROI for AY 2014-15

Posted by Hetvi Sheth 01 October 2014 44126 Views

The order dated 20th August, 2014 issued by the Central Board of Direct Taxes (CBDT) extending the due date for obtaining and furnishing of Tax Audit Report (TAR) under section 44AB of the Act for Assessment Year 2014-15 from 30th September, 2014 to

The Force behind the ITR Extension

Posted by CA Sudhir Halakhandi 30 September 2014 24391 Views

THE FORCE BEHIND THE ITR DATE EXTENSIONTAR DEFERMENT 2014 CA SHIV KHATRY THE ADMIN OF THE HISTORIC GROUP- BY CA SUDHIR HALAKHANDI At the Last the Date of Filing of Income Tax Returns is extended to match it with the date of Tax audit report

Breaking Partnerships

Posted by CA Umesh Sharma 30 September 2014 17414 Views

Karniti Part 56Breaking PartnershipsPartnerships, Politics and its TaxationArjuna (Fictional Character): Krishna, what is going on? All over Maharashtra the discussion of breaking of partnerships by political parties are happening. However, if the sa

A talk with CA Rajni Shah - The Gujarat High Court Petitioner

Posted by CA Sudhir Halakhandi 30 September 2014 18007 Views

EXTENSION OF DUE DATE OF ITRA TALK WITH CA RAJNI SHAH THE GUJARAT HIGH COURT PETITIONERFriends, at Last the Date of Filing of Income Tax Returns is extended to match it with the date of Tax audit report and this is the natural requirement of

Due date of ITR extended but 234A interest still applicable

Posted by CA Sudhir Halakhandi 27 September 2014 39083 Views

Due Date for filing of return of Income for Assessment Year 2014-15 Extended from 30th September, 2014 to 30th November, 2014 in Specified CasesAs per the provisions of the Income-tax Act, 1961 (the Act), for an assessee, who is require

Status of ITR Date Extension in various courts

Posted by Nilesh Saiya 26 September 2014 30968 Views

High Court Status Details of the Case Bombay Honourable Bombay HC passed the order stating that CBDT to consider the representation of the of the Chamber before 30th September The Chamber of Tax Consultants & Others Vs. Union

Income Tax implications on conversion of a Company into LLP

Posted by CA Paras Dawar 24 September 2014 18004 Views

The onset of Companies Act 2013 has ushered a paradigm shift in operation and management of companies. The benefits which, hitherto were available to Private Companies in the erstwhile Comp