Income Tax Articles
Synopsis of the Union Budget 2010-2011
Hello, It has been my every year ritual - since more than 7 years now - to send you the Synopsis of Union Budget; as soon as declared by our FM. So this year too, I carry on with this ritual, unabated. Please find below the "Synopsis of the U
Railway Budget For You in a Crispy Way!
Union Railway Minister, Shrimati Mamata Banerjee presented the Railway Budget for 20010-11 in Parliament on Wednesday, 24th February 2010. Plan outlay raised by Rs 1,142 crore to Rs 41,426 crore. Railways not to be privatised; It will remain with the
Brief Description of the Budget Documents
Brief Description of the Budget Documents Annual Financial Statement Under Article 112 of the Constitution, a statement of estimated receipts and expenditure of the Government of India has to be laid before Parliament in respect of every financial y
A Talk with CA Sudhir Halakhandi on Expectations From Budget-2010
SUDHIR HALAKHANDI ON BUDGET -2010 A TALK WITH GST EXPERT AND TAX COLUMNIST CA SUDHIR HALAKHANDI ON EXPECTATIONS FROM BUDGET -2010 There are two options for the Finance Minister and if he chooses the platform to accelerate the process of introduction
Section 194 - An Aerial View
Section 194 of the Income Tax Act, 1961 deals with the deduction of tax at source on payment of dividends by any domestic company. When an Indian company or a company which has made prescribed arrangement for declaration and payment of d
Notices for Recovery of TDS U/S 201 (1)
The Income Tax Department has recently started processing the TDS Returns filed for the Financial Year 2007-08 and issuing notices u/s 201 (1) of the Income- tax Act,1961Each notice gives reference of financial year, quarter , Form No and RRR No.The
Sec 195- TDS on NRI
Sec195- TDS on NRI Sec 195- though its heading is ‘other sums’ it deals with payment to NRIs other then Salary income. According to Sec 195 when payment is credited or paid to any NRI for interest or other sum excluding Salary is liabl
SURVEY UNDER SECTION 133 A OF INCOME TAX ACT 1961
Survey in a wider sense means to scrutinize or to inspect. The power of survey under the Income tax Act has been provided U/S 133A and 133B. The provisions contained in section 133A are independent and to the exclusion of the other provisons of the a
Use of section 144A
Assesements under Income Tax Act 1961 are made U/S 143, 144, 147, 153. The criterias for selection of cases for scrutiny has been increased.
Reassessement under Income Tax Act
The power of assessement or reassessement of any income chargable to tax that have escaped assessement has been provided under secton 147 r w s 148 of Income Tax Act of 1961.If the assessing officer has the reason to believe that any income charga
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