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Articles by Tony John

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Dividends under Income Tax Act

Posted by Tony John 29 December 2015 46137 Views

Dividend in simple words, refers to the amount paid to shareholder in proportion to the shareholding in the company, out of the total sum so distributed.Let�s look at the meaning of dividend as per Income Tax Act. As per Section 2(22)



POEM - Redefining taxation of foreign arms managed from India

Posted by Tony John 24 December 2015 14995 Views

POEM � is the buzzword of corporates having subsidiaries outside India and foreign firms outsourcing high end critical functons to India . This concept is introduced to tax in India income which has been earned by foreign corporations managed



Understanding Section 54

Posted by Tony John 14 December 2015 21786 Views

Capital gains is one of the most complicated heads of income envisaged in the Income Tax Act, 1961.Capital gains tax directly affects the investment decisions one may have to take. There are various options available under law to avoid paying capital



No books, no penalty u/s 271B

Posted by Tony John 05 August 2013 45896 Views

I would like to discuss through the article, more on the controversial issue of non imposition of penalty under Section 271A and 271B if no books of accounts are prescribed under section 44AA with a recent case law. Before we go deep into the topic



Tax collection at source: An Introduction

Posted by Tony John 20 October 2012 119119 Views

Tax in simple words refers to a compulsory contribution made to the government on a product, income or activity. The government uses the revenue from taxes to discharge the duties it has towards the people. I would like



Interest u/s 234A, 234B and 234C

Posted by Tony John 08 October 2012 2538902 Views

Interest u/s 234A, 234B and 234C. Know how much interest required to be paid if delay in filing of tax returns, delay in payment of Advance Tax and deferment of Advance Tax.



Tax deduction at source: An Introduction

Posted by Tony John 19 September 2012 70234 Views

Introduction Tax is one of the major sources of revenue for the government of India, which is primarily utilized for meeting various obligations it has towards the people like education, infrastructure, defence and so on. Income tax turns out to



The Indians' Craze For Gold

Posted by Tony John 30 April 2012 16992 Views

Gold is a precious metal which is well-known for its shiny, yellow colour. It got its name 'gold' from an Anglo-Saxon world 'gelo', which means yellow. On the other hand, in Chemistry, it has been



Grab your Opportunity as it knocks

Posted by Tony John 06 April 2012 29980 Views

Knock Knock.Who is it?It is me Opportunity.What! Opportunity?But,wait a minute. No. You aren't opportunity.Yes I'm.No you aren't. Because opportunity knocks only once. But you have knocked twice.A simple story to con



Learning lessons from Dravid

Posted by Tony John 13 March 2012 10843 Views

Rahul Dravid, the legendary Indian cricketer, known better as 'The Wall' has retired. Well, this was a rather sudden decision taken by the great batsman who has played the role of an anchor and has successfully performed innumerable times f




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