Easy Office
LCI Learning

Income Tax Articles


Doctrine of Unjust enrichment

  nikunj    26 August 2007 at 15:37

11B: DOCTRINE OF UNJUST ENRICHMENT · In UOI Vs. Solar Pesticides (P) Ltd. (2000) it has been held that the provisions of unjust enrichment is applicable also in respect of captive consumption of inputs. · In C.C.Ex Vs Allied Photographics (Sc



Tax filing isn't easy in India!!

  CA Nikita    23 August 2007 at 17:05

The month of July is associated with the time for filing returns of income by individual taxpayers. The government has recently notified new forms for filing income tax returns. These forms replace the old ones. Any person planning to file her return



Draftsman dividing a house

  CA Nikita    21 August 2007 at 17:07

Two issues come up routinely for debate in the context of housing-related tax benefits. Section 54 of the Income-Tax Act, 1961 spareslong-term capital gains from transfer of a residential house fromtax if at least such gains are ploughed back or roll



Tax Planning for the Self-Employed

  Mr. PURNA P    17 August 2007 at 05:17

Tax Planning for the Self-EmployedSelf-employment . . . the opportunity to be your own boss, to come and go as you please, and oh yes, to establish a lifelong bond with your accountant. If you're self-employed, you'll need to pay your own FICA taxes



AIR DETAIL IN ALL NEW AIR FORMS

  RAJAN GUPTA    14 August 2007 at 11:13

AIR(ANNUAL INFORMATION REPORT) DETAIL IN NEW ITR FORMS WHAT TYPE OF ENTRIES TO BE REPORTED.In all the new ITR(Income Tax Return) forms an information about following transaction has been demanded.And what i observe that person are normally ignoring t



Belated Returns

  Late CA Sampat Jain    14 August 2007 at 06:52

Author/s :Pradip KapasiGautam NayakChartered AccountantsTopic :Return of income filed beyond time1. Issue for consideration :1.1 Every person, being a person specified in S. 139(1), is required to furnish a return of his income on or before the due d



Tax Planning On Income

  Mr. PURNA P    14 August 2007 at 03:52

Tax Planning for Income The goal of income tax planning is to minimize your federal income tax liability. You can achieve this in different ways. Typically, though, you'd look at ways to reduce your taxable income, perhaps by deferring your income or



Inconsistency in the quarterly etds and etcs returns

  RAJAN GUPTA    12 August 2007 at 10:24

INCONSISTENCY IN QTRLY ETDS/ETCS STATEMENT Directrote General of Income tax(systems) is serving letters regarding inconsistency in the quarterly etds and etcs returns submiited by assessees.Formats of Table showing inconsistencies is given ABOVE.Word



Research & Development Cess Act

  siddharth    06 August 2007 at 08:10

While rendering Structuring advice involving know how transfers( "Research") the following R & D Act may be consider from point of view of Tax implication. Payment of R&D CESSEXTRACTS FROM RELEVANT SECTIONS/CLAUSES OF R&D CESS ACT, 1986



MAT

  CA Nikita    30 July 2007 at 07:29

The MAT credit is available in respect of MAT paid under Section 115JB of the Income-tax Act with effect from assessment year 2006-07. The amount of MAT credit would be equal to the excess of MAT over normal income-tax for the assessment year for whi