Income Tax Articles

Practical issues in penalty u/s. 271D & 271E

Posted by NAVIN AGICHA 22 April 2015 8692 Views

Provisions Of 269SS, 269T, 271D AND 271E As Per Finance Bill 2014 And Finance Bill 2015 And Some Issues Regarding Penalty U/S 271D, 271E And Relating To Amendments. Consequences of contravention of section 269SS: Section 271D of Income Tax Act 1961 p

New income tax returns and U-turn

Posted by CA Umesh Sharma 20 April 2015 17334 Views

Karneeti Part 85New Income Tax Returns with data of foreign return, But now again a U-turnArjuna (Fictional Character): Krishna, Financial year 2014-15 is over. Now Income Tax Return will have to be filed for that year. The Department has notified s

Carry forward and set off of losses in tabular form

Posted by CA Pankaj Kr Agrawal 20 April 2015 20849 Views

Introduction :- The public finance domain of Economics deals with principles/cannons of taxations. There are various models of Taxation but in the developing economies progressive system of taxation has been advocated which means a person having larg

Regarding non deduction and short deduction of TDS

Posted by NAVIN AGICHA 20 April 2015 10705 Views

Section 40(a)(ia) [any interest, commission or brokerage, [rent, royalty,] fees for professional services or fees for technical services payable to a resident, or amounts payable to a contractor or

Tax Accounting Standards (ICDS) - An Overview

Posted by CA KiranKumar.K 16 April 2015 40175 Views

Whats the need: It has been a discussion since two decades arguing that the Accounting Standards issued by the Institute of Chartered Accountants of India (ICAI) are so flexible that it&rsquo

International Tax - Case Law Analysis-2015: Series 3

Posted by CA Rohit Gupta 16 April 2015 11924 Views

International Tax Update: India Foreign Remittance: Taxability: Case Law Analysis 2015: Series 3 1. Reimbursement of Technical Expenses to Head office: Bureau Veritas-Indian Division vs. ADIT [2015] 54 taxmann.com 139 (Mumbai - Trib.): The Assessee w

Black Money Bill 2015: Disclosure of Foreign Assets

Posted by CA Rohit Gupta 14 April 2015 19055 Views

International Tax Update: India Black Money Bill 2015: Disclosure of Foreign Income and Assets INTRODUCTION OF THE UNDISCLOSED FOREIGN INCOME AND ASSETS (IMPOSITION OF TAX) BILL, 2015 The Indian Finance Minister, in his budget speech, while acknowled

Foreign Remittance: Case Law Analysis:2015: Series 3

Posted by CA Rohit Gupta 14 April 2015 12987 Views

Panic due to PAN! If used as an identity proof

Posted by CA Umesh Sharma 13 April 2015 38012 Views

Karneeti Part 84PANIC due to PAN! If used as an Identity ProofArjuna (Fictional Character): Krishna, Nowadays PAN card is generally used for many things. Finance Minister Mr. Arun Jaitly is insisting the usage of PAN in many financial transactions,

History of Income Tax of India

Posted by Karan Khatri 13 April 2015 128612 Views

It was only for the good of his subjects that he collected taxes from them, just as the Sun draws moisture from the Earth to give it back a thousand fold Kalidas in Raghuvansh eulogizing KING DALIP.Taxation of India in Anc