Articles by rajat aggarwal

Tips received by waiters from customers is not salary income

rajat aggarwal 01 June 2016 at 10:22

Background and factsSection 15 of the Indian Tax Laws (ITL) includes the following incomes as chargeable to tax under the head �Income from Salary� (Salary head): Salary that is �due� from an employer or a former employer, whe

Failure to deduct tax at source - disallowance restricted to 30%

rajat aggarwal 07 August 2014 at 11:23

As per the existing provision of section 40(a)(ia), any payment made by way of interest, commission, brokerage, rent, royalty, fee for professional services, fee for technical services, payment to a contractor or sub-contractor on which tax is ded

Grossing up of Dividend for distribution tax - increase in effective Dividend Distribution tax rate of 3.47%

rajat aggarwal 02 August 2014 at 12:58

The Finance (No.2) Bill, 2014 proposes to levy pidend distribution tax by grossing up the pidend payable for the purpose of computing liability towards pidend distribution tax. As per the existing provision of Section 115-O pidend distribution tax at