Articles by Pavan Jain S

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Union Budget 2010 - Income tax amendments

Posted by Pavan Jain S 30 July 2020 32926 Views

Union Budget 2010 - Income tax amendments

Highlights of Union Budget 2015- Direct Tax Perspective

Posted by Pavan Jain S 28 June 2016 26572 Views

Section /Schedule Head Amendment/New Provision Effective date Part III to Schedule I Advance taxes & TDS u/s 192 Advance t

Budget 2013 Direct Tax Perspective

Posted by Pavan Jain S 28 February 2013 12299 Views

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

Budget 2011- Income Tax Perspective

Posted by Pavan Jain S 01 March 2011 8467 Views

Section /Schedule Head Amendment/New Provision Effective date Part III to Schedule I Advance taxes & TDS u/s 192

Depreciation - an interesting aspect

Posted by Pavan Jain S 08 March 2010 34061 Views

Depreciation – a non cash expenditure allowed under Income Tax Act, 1961 following block concept. Under the block concept, all the assets falling within the same class and subject to same rate of depreciation are clubbed together and considere

KVAT Amendments

Posted by Pavan Jain S 08 March 2010 31473 Views

Major Changes in Karnataka Value Added Tax Act, 2003 effective from April 1, 2010: · VAT exemption on paddy, rice, wheat, pulses and products of rice and wheat extended for one more year from 1.4.2010. · Tax on M

Deemed Dividend - detailed analysis

Posted by Pavan Jain S 05 March 2010 39323 Views

Deemed Dividend Deeming fiction - a fiction resorted to by parliament for defying the law of literal interpretation. Whether it be Central Excise Act, 1944 [concept of deemed manufacture u/s 2(f)(iii)] or Income Tax Act, 1961 [concept of deemed divid

SECTION 43(6) V. SECTION 45(1A)

Posted by Pavan Jain S 28 January 2010 39947 Views

CA Pavan Jain S, ACA., grad CS.Taxability of a receipt is governed by section 2(24) of the Income Tax Act (hereinafter referred to as “Act”) which define the term “Income”. In ordinary parlance, the term income connotes a rec

CENVAT credit on input service

Posted by Pavan Jain S 28 August 2009 29625 Views

CA Rajesh Bagrecha, FCA., DISA(ISA)CA Pavan Jain S, Bcom (TPP), ACA.Introduction: The concept of CENVAT credit was introduced with an intention to avoid cascading effect of taxes. The Central Value Added Tax [CENVAT] allows the credit of the duty pai