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Articles by Manish Kumar Agarwal

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Understanding Section 10 with latest Case Laws Part - II

  Manish Kumar Agarwal    03 April 2013 at 10:56

We had earlier discuss in detail about the concepts of exemption of section 10 along with various case laws earlier in part I. In case you want to refer, the part I, please click on the link below: http://taxbymanish.blogspot.in/



Understanding Taxation of Salary with latest Case Laws

  Manish Kumar Agarwal    26 March 2013 at 11:22

UNDERSTANDING TAXATION OF SALARY WITH LATEST CASE LAWS: The common people who earns his livehood by the way of employment requires to pay



Major Highlights of Indian Union Budget: 2013-14

  Manish Kumar Agarwal    28 February 2013 at 17:34

The following are the major Highlights of the Union Budget 2013-14 presented by the Honble Finance Minister Mr. P. Chidmabaram in the Parliament on Thursday (i.e. February 28, 2013) The



Understanding Taxation of Trust - Part- II

  Manish Kumar Agarwal    27 February 2013 at 17:18

We had earlier discuss in detail about the concepts of Taxation of Trust along with various case laws earlier in part I. In case you want to refer, the part I, please click on the link below: http://taxbymanish.blogspot.in/2012/02/unde



Understanding the US GAAP with Indian GAAP

  Manish Kumar Agarwal    15 October 2012 at 11:42

With the globalization and advancement of India, Indian accountant professionals(IAP) are not only required to follow the India AS but also required to follow the US GAAP, as many MNC are doing the accounting job from India and IAP are not require



Understanding deductions of section 80-IA & IB

  Manish Kumar Agarwal    02 July 2012 at 11:34

Chapter VIA of the Income Tax Act, 1961 covers only deductions available to assessee under section 80 of the Income tax act, 1961. The assessee by some act as mentioned can reduce its taxable under this provisions. Amongst number of sub-sections of



Understanding Income from Other Source with Latest Case Laws

  Manish Kumar Agarwal    25 June 2012 at 12:04

Any income which does not fall under the heads of Salary, House Property, Business & Profession and Capital Gain will fall under the head Income from Other Source. Hence, this is the residuary head of income. Hence, it is very important to under



Capital Gain - Part 1

  Manish Kumar Agarwal    28 April 2012 at 11:20

UNDERSTANDING TAX ON CAPITAL GAINS WITH LATEST CASE LAWS: PART - I Taxation of Capital Gain is the most disputed subject amongst all major tax disputed subjects. Generally, the capital gain tax not comes to every assessee and it may come in hi



Section 43 of the Income Tax Act, 1961

  Manish Kumar Agarwal    20 April 2012 at 11:19

UNDERSTANDING SECTION 43 WITH LATEST CASE LAWS: Now its time to unlock all mystery in respect of section 43 of the Income tax act, 1961 with the help of the latest court rulings and judgments. Let us divide the section according to the subject an



Understanding Section 14A Impact With Case Laws Part-II

  Manish Kumar Agarwal    09 March 2012 at 16:31

The Income tax department (ITD) now a days become very harsh to the assessee in respect of disallowance made under section 14A read with rule 8D. The ITD applies rule 8D blindly on the assessee and making un-necessarily additions causing hardship