Articles by Nilesh Shah
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Payment to Non-resident & TDS deduction.
Nilesh Shah 12 April 2008 at 00:34Nilesh Shah writes:Cell: 92246-59941E Mail: nilesh63@vsnl.comWhat the payer of the amount to a non-resident is required to do when he is in dilemma regarding tax to be deducted at source.The payer should adopt the approach as given in section 195
Taxation of derivatives in shares.
Nilesh Shah 12 April 2008 at 00:34Nilesh Shah Writes:Cell: 92246-59941E Mail: nilesh63@vsnl.comTaxation of derivatives in shares .Whether derivatives are `capital assets' within the meaning of sec 2(14) of the Income Tax Act ? The term `capital assets' means property of any kind held
What is oppression of a company.
Nilesh Shah 12 April 2008 at 00:34Nilesh Shah Writes:Cell: 92246-59941E mail: nilesh63@vsnl.com What is oppression of a company.Oppression would be made out : (a) where the conduct is harsh, burdensome and wrong, (b) where the conduct is mala fide and is for a collateral purpose wher
Effect of nomination in respect of NSC.
Nilesh Shah 11 April 2008 at 18:41Nilesh Shah Writes:Cell: 92246-59941E mail: nilesh63@vsnl.comWhat is the effect of nomination made in respect of National Savings Certificate.The object of section 6 of the Government Savings Certificates Act, 1959, which provides for the making of n
Whether UPS is a part of the Computer System.
Nilesh Shah 11 April 2008 at 18:37Nilesh Shah Writes:Cell: 92246-59941E mail: nilesh63@vsnl.com Whether UPS (Uninterrupted Power Supply) is a part of Computer System entitled to depreciation @ 60%The expression 'Computer' has not been defined in the Act. However, it has been defined
When is Interest on fixed deposit business income.
Nilesh Shah 11 April 2008 at 18:37Nilesh Shah writes:Cell: 92246-59941E mail: nilesh63@vsnl.comInterest on fixed deposit with bank-when business income.Where the assessee makes an investment by way of fixed deposit with a bank as a condition for getting bank guarantee for purposes of
IT & Employer's & Employees' contribution to provident fund
Nilesh Shah 11 April 2008 at 12:41Nilesh Shah writes:Cell; 92246-59941E Mail: nilesh63@vsnl.comLaw of Income tax on Employers & Employees' contribution to Provident Fund.First I will deal with Employer's contribution to Provident Fund.Section 43B of the Income tax Act deals with
FBT & Presumptive tax
Nilesh Shah 11 April 2008 at 12:41Nilesh Shah Writes:Cell : 92246-59941E Mail: nilesh63@vsnl.comSub: FBT & Presumptive tax.How will FBT be levied when the assessee has availed the scheme of presumptive tax ?. _In order to answer this question it is necessary to understand the s
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