Income Tax Articles

Budget 2013 Direct Tax Perspective

Posted by Pavan Jain S 28 February 2013 12294 Views

Highlights of Union Budget 2013 Direct Tax perspective: Section /Schedule Head Amendment/New Provision Effective date Part III to Schedule I Advance taxe

Understanding Taxation of Trust - Part- II

Posted by Manish Kumar Agarwal 27 February 2013 16087 Views

We had earlier discuss in detail about the concepts of Taxation of Trust along with various case laws earlier in part I. In case you want to refer, the part I, please click on the link below: http://taxbymanish.blogspot.in/2012/02/unde

Taxability for concession in school fees or scholarship

Posted by Deepak Agrawal 22 February 2013 42573 Views

NOTE ON PERQUISITE TAXABILITY FOR CONCESSION IN SCHOOL FEES OR SCHOLARSHIP GIVEN BY THE EMPLOYER TO THE CHILD OF EMPLOYEE: 1. Taxability of Perquisites: As per section 17(2) (iv), Perquisite includes, any sum paid by the employer i

FAQ'S on Fema

Posted by VIKAS.A 20 February 2013 38493 Views

FAQS ON FEMA Friends I am going to discuss few FAQS on FEMA, ntroduction : 1. The legal framework for administration of foreign exchange transactions in India is provided by the Foreign Exchange Management Act, 1999. Under the Fo

Transfer Pricing(Int Taxation) make it easy

Posted by Saurabh Maheshwari 16 February 2013 16084 Views

Short Communication with the readers: On this new day , with new idea and new enthusiasm I have again come up with an Article on somewhat a new topic called as Transfer Pricing. The Article has been written in a style which in my opinion will s

MAT make it easy Part-2

Posted by Saurabh Maheshwari 04 February 2013 54767 Views

In continuation of my precious Article.I am writing once again for discussing some advance aspects in MAT. In my previous Article I have discussed the following aspects viz Purpose of introducing MAT, MAT and Total Income & Tax

A Quick glance on Exemption from Capital Gain

Posted by CA Prashant Gupta 25 January 2013 43541 Views

People gets money when sell property, BUT, they also get tension when they come to know that this money brings a big Capital Gain tax on them. Income tax gives some exemptions from this capital gain. I

Section 80CCG - Rajiv Gandhi Equity Savings Scheme

Posted by Deepak Agrawal 25 January 2013 46179 Views

Finance Act, 2012 has inserted section 80CCG in the Income Tax Act, 1961 (the Act) with effect from Assessment Year 2013-14 (Current Financial Year 2012-13) to encourage new investors in the equity market. The details of the

Implementation of GAAR - Postponed to April 1, 2016

Posted by PRIYANKA WADHAWAN 22 January 2013 11860 Views

Dear All, We are pleased to inform that the Ministry of Finance has decided to postpone the implementation of GAAR and shall be applicable from 1st April, 2016.

Centralised Processing of Statement of TDS Scheme, 2013

Posted by CA Sourabh Agarwal 19 January 2013 23180 Views

Centralised Processing of Statement of TDS Scheme, 2013 (Notification 3, Date of Issue 15-01-2013) Ministry of Finance has introduced the scheme for Centralised Processing of Statement of TDS on 15th January, 2013 in exercise of powe