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Payment to Non-resident & TDS deduction.

  Nilesh Shah    12 April 2008 at 00:34

Nilesh 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 00:34

Nilesh 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 00:34

Nilesh 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 18:41

Nilesh 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 18:37

Nilesh 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 18:37

Nilesh 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



Strategies for Approaching Written Assignments

  Jitender Garg    11 April 2008 at 12:42

The following areas should be considered when writing a paper: Determine the content area to be covered by your paper. Do a complete literature review of your content area (e.g., book chapters, relevant articles) Determine the purpose of your essa



IT & Employer's & Employees' contribution to provident fund

  Nilesh Shah    11 April 2008 at 12:41

Nilesh 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 12:41

Nilesh 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



Study Tips for Students

  Darshu    08 April 2008 at 20:51

Every student knows the importance of studying. However at times studying can be tedious and boring. Studying is not usually a favorite past time of most students, although there are those who enjoy it. It is however a necessary part of academic li