Articles by Manish Kumar Agarwal

TDS on Provision for Expenses

Manish Kumar Agarwal 30 August 2011 at 12:11

One of the most disputed arguments between assessee and income tax department is that whether payments made towards specified expenditure attracts disqualification u/s 40(a) (ia) and applicability of this section to provisions made at the year end a

Understanding Allowability of Business Expenditure u/s 37

Manish Kumar Agarwal 28 July 2011 at 12:37

Understanding Allowability of Business Expenditure under section 37 of the Income Tax Act, 1961 with latest case laws Section 37 of the Income tax Act, 1961 is a residuary section for allowability of business expenditure and the same is given be

Procedure for issuance of Lower/Nil TDS Certificate

Manish Kumar Agarwal 04 June 2011 at 13:15

Procedure for issuance of Lower / Nil TDS Certificate Every finance professional are making estimated accounts of the company and based on that you can also prepare the estimated computation of total income assuming same adjustmen

Issuance of TDS Certificates in Form No. 16A

Manish Kumar Agarwal 26 May 2011 at 12:04

As you are aware that at present, the activity of issuance of Form No.16A is distinct and independent of filing of e- TDS statement on quarterely basis and therefore the chances of mismatch, in certain cases, between TDS Certificate in Form No.16A a

Understanding double tax avoidance agreement

Manish Kumar Agarwal 21 May 2011 at 12:27

UNDERSTANDING DOUBLE TAX AVOIDANCE AGREEMENT WITH LATEST CASE LAWS In Todays modern world of advanced globalization, business is not restricted to a single geographical territory & crosses all border of the countries. This had emerge

Understanding Transfer Pricing With Latest Case Laws

Manish Kumar Agarwal 19 May 2011 at 15:37

UNDERSTANDING TRANSFER PRICING WITH LATEST CASE LAWS: In the modern global village, Transfer Pricing is one of the most disputed & complex subject with respect to the transactions with Associated enterprise. There are number of judgments comin

New Simple Income Tax Return Print Specification

Manish Kumar Agarwal 20 April 2011 at 11:39

This is in continuation of earlier article regarding the introduction of New Forms. The printing of the forms should be according to the standards set below No Black and White forms will be accepted and only standard forms with appropriate colors

New Simple Income Tax Return Form Released

Manish Kumar Agarwal 19 April 2011 at 12:04

The finance ministry today introduced Sahaj and Sugam forms to make the process of filing income tax returns simpler, user-friendly and to reduce compliance burden on salaried persons and small businessmen. Sah

Reconciliation of Income As Per Profit & Loss A/C And Income

Manish Kumar Agarwal 13 April 2011 at 15:23

RECONCILATION OF INCOME AS PER PROFIT & LOSS A/C AND INCOME AS PER TDS CERTIFICATES WHOSE CREDIT CLAIMED IN THE SAME YEAR. It must be noted that as per the provisions of section 199 of the Income Tax Act, 1961, the credit of TDS should be gr

Amendment in Form 13

Manish Kumar Agarwal 04 April 2011 at 11:35

This is to inform you that the Central Board of Direct Taxes (CBDT) vide Notification No. 133/2011 dated March 29th 2011 has notified Incomeâ€tax (Second Amendment) Rules, 2011 which amends Rule- 28AA dealing with issue of Certificate for