Articles by Tony John

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Taxability of Aggregator service

Tony John 06 March 2017 at 11:22

Discussion on definition and taxability of Aggregator service

Understanding a few share price charts

Tony John 24 February 2017 at 12:15

Discussion on Double top and double bottom share price charts

Understanding Block deals and Bulk deals in stock market

Tony John 20 February 2017 at 10:55

Discussion on Block deals and Bulk deals in stock market

A guide on Section 44ADA for professionals

Tony John 15 February 2017 at 11:27

Provisions of Section 44ADA explained with illustration

Decoding the Google Tax

Tony John 06 June 2016 at 11:00

What is Google TaxThe central government is set to impose an �Equalisation Levy� of 6% on cross-border digital transactions whose value exceeds Rs 1 lakh. Popularly called the �Google tax�, this is an indirect tax on foreign c

Taxability of salaried individuals

Tony John 31 May 2016 at 10:59

SALARY AND TAXABILITY What is previous year?Previous year means financial year starting from 01 April and ending on 31st March. Eg. The current previous year is 2015-2016. What is Assessment Year?Every previous year shall have an assessment year. A

CARO 2015: A Student's Guide

Tony John 18 January 2016 at 10:53

Section 143(11) of the Companies Act, 2013 states that the Central Government may order for the inclusion of a statement on specified matters in the Auditor�s Report for specified class or description of companies. Hence CARO 2015 has been issu

Scrutiny Assessment under Income Tax Law: A Student's Guide

Tony John 09 January 2016 at 13:11

SCRUTINY ASSESSMENTS The Income Tax Act contains provisions regarding comprehensive scrutiny in Section 143. In simple terms scrutiny assessment is a detailed examination of the return of income filed by the assessee to check whether: Income has bee

Section 35 of Income Tax Act - A Student's Guide

Tony John 07 January 2016 at 10:33

With roughly 4 months left for May 2016 exams, it is high time the students taking up the exams start their preparations. Direct taxes is arguably the most voluminous of all papers. And In Direct Taxes, Profits and Gains from Business and Professions

Taxation of Association of Persons

Tony John 31 December 2015 at 16:37

The income tax Act prescribes a specific mode for calculation of income and taxability in the case of Association of Persons.Let's first discuss what is an Association of Persons.An association of persons means an association in which two or m