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Articles by CA Ram Bajaj

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Basic about income tax department

  CA Ram Bajaj    16 September 2015 at 10:51

Introduction � Income Tax Return, Audit is normally filled online at income tax department website. Herein I would like to discuss some basic knowledge about the working of income tax department. Generally, after become CA, it is very hard to g



International transaction ALP - Some issue

  CA Ram Bajaj    07 May 2015 at 10:27

92 B - Meaning of international transaction.� (1) For the purposes of this section and sections 92, 92C, 92D and 92E, "international transaction" means a transaction between two or more associated enterprises, either or both of whom a



Rejection of Books of Account - Sec 145 of Income Tax Act 1961

  CA Ram Bajaj    05 February 2015 at 16:25

145(1) Income Chargeable under the head Profit and Gains of business or profession or Income From other sources shall, subject to the provisions of sub section(2), be computed in accordance with either cash or mercantile system



Income Tax Act - 1961 Sec 14A disallowance

  CA Ram Bajaj    28 January 2015 at 10:53

Introduction 1. Section 14A was first inserted by the Finance Act, 2001. However, same was inserted with retrospective effect from 1-4-1962. The inserted section reads as under: '14A. Expenditure incurred in relation to income not includib



Work Contractor and Rajasthan VAT

  CA Ram Bajaj    17 December 2014 at 10:31

Method of Calculating the Tax liability of VAT in Work Contract:- 1. Exemption Fee Method/Composition Method2. VAT Method 1 (Actual labour deduction)3. VAT Method 2 (Standard Labour Deduction) Exemption Fee Method /Composition Method