The power of assessement or reassessement of any income chargable to tax that have escaped assessement has been provided under secton 147 r w s 148 of Income Tax Act of 1961.If the assessing officer has the reason to believe that any income charga
Client Focus- A key to Success Madhukar N Hiregange FCA & Roopa Nayak ACA Introduction: It is not uncommon to hear that the client is unwilling to pay the fees or delays the same inordinately. Even that all services in all taxes, advisory is a
This year again we will see this same picture on 26th of Feburary 2010.Lots of hope and fate in that briefcase.Along with this US budget is also about get on the table within a next week followed with many countries budget. But we are already witness
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
Hard nut to crack -Service tax refund claim Prepared By:
Dear Students,Your response for my posts which I started a few days ago was gladdening to the heart.Please continue reading my articles and postings which I would publish online in this forum and also maybe a blog later...Today I intend to take up th
3.1 Deductions in respect of profits and gains from industrial undertakings or enterprises engaged in infrastructure development, etc. [Section 80-IA]3.1.1 Applicability: where GTI includes any profits and gains derived from eligible business.
Looking at CA results and imagining at the pain of my dear students who could not complete their course, I just want to expose my views on failures and want to emphasize that failure is common in everyones life, but, handling it makes all th
NO TDS ON SERVICE TAXWith the advent of service tax, an interesting question has arisen whether tax is deductible at source under the IT Act even in respect of the service tax component of the pro
Transfer Pricing Sometime an Indian company can associated with a foreign company which is situated in other country. Indian company can purchase on high price or sale it on lower price to shift its profit. In this way a part of profit is transferre
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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