Income Tax Articles

Deduction of Tax from Salary

Posted by jatin kapoor 01 May 2021 37036 Views

SECTION 192 : DEDUCTION OF TAX FROM SALARY SECTION 192(1): Tax to be deducted at average of income-tax The total tax to be deducted, on the estimated income of the employee for the relevant financial year, is divided by the number o

Transfer Pricing | An analysis

Posted by Ravikumar.G 01 May 2021 7202 Views

This is not unique taxation measure in India. Many countries , as a consequences of opening economy, felt that Multi national Companies(MNC) plan their business affairs in such way that they earn more profits in a country wherein the taxation is less

Concepts of Transfer Pricing

Posted by CA. Amit Daga 01 May 2021 9462 Views

TRANSFER PRICINGAmit Daga Table Of Content Introduction. 1Definations. 6Methods Of Computation Of Arm's Length Price...............5Exceptions. 6 Introduction Transfer pricing "

Analysis | Restriction on cash transactions

Posted by KARTIKEY 01 May 2021 45052 Views

As soon as Modi Government resumed power in central on 26/05/2014, on its first day in office, Prime Minister's new government has constituted a Special Investigation Team or SIT to unearth and bring back black money stashed away abroad.

All about Renting of immovable property

Posted by nitin 01 May 2021 105882 Views

1. INTRODUCTION Renting of Immovable property has been taxed under the earlier tax regime vide Section 65 (105) (zzzz). Renting of immovable property has been brought into tax net vide Notification No. 23/2007-ST dated 01.06.2007.But After 1.7.20

All about Presumptive Taxation

Posted by Rahul Poddar 01 May 2021 19797 Views

Presumptive Taxation Taxation is the most essential wing of the government’s revenue. It contributes a bulky amount to the government to meet the social and economic need of the nation. When collecting tax from the public the government tr

Presumptive Taxation | An analysis

Posted by Sathya Sankeerth K N 01 May 2021 32003 Views

PRESUMPTIVE TAXATION Presumptive taxation involves lump sum levies on certain small-scale business activities to whom Section 44AB is not applicable. Thus Sections 44AD, 44AE and 44AF of the Income-tax Act, 1961, provide for estimating the income

An insight into Point of Taxation Rules, 2011

Posted by vandana 01 May 2021 24795 Views

Introduction Details: a. Notified vide Notification No. 18/2011 dated March 1, 2011 and Notification No. 25/2011 dated March 31, 2011. b. Effective from April, 2011, option to implement from July, 2011. c. The Point of Taxation Rules are for d