Income Tax Articles

Foreign Remittance: Case Law Analysis:2015: Series 3

CA Rohit Gupta 14 April 2015 at 13:57

International Tax Update: India Foreign Remittance: Taxability: Case Law Analysis 2015: Series 3 1. Reimbursement of Technical Expenses to Head office: Bureau Veritas-Indian Division vs. ADIT [2015] 54 taxmann.com 139 (Mumbai - Trib.): The Assessee w

Panic due to PAN! If used as an identity proof

CA Umesh Sharma 13 April 2015 at 11:03

Karneeti Part 84PANIC due to PAN! If used as an Identity ProofArjuna (Fictional Character): Krishna, Nowadays PAN card is generally used for many things. Finance Minister Mr. Arun Jaitly is insisting the usage of PAN in many financial transactions,

History of Income Tax of India

Karan Khatri 13 April 2015 at 11:02

It was only for the good of his subjects that he collected taxes from them, just as the Sun draws moisture from the Earth to give it back a thousand fold Kalidas in Raghuvansh eulogizing KING DALIP.Taxation of India in Anc

Poem: Rime and reason

CA Sagar Khubchandani 13 April 2015 at 11:02

POEM is an abbreviation for "Place Of Effective Management" that plays a decisive role in determining the tax residency of a company.The Finance Bill 2015 has decided to move the goalpost and proposed an alteration in the definition of resi

Expulsion - Clauses

Nidhi Agnihotri 10 April 2015 at 10:32

AS PER PARTNERSHIP ACT 1932Section33 EXPULSION OF A PARTNER. (1) A partner may not be expelled from a firm by any majority of the partners, save in the exercise in good faith or powers conferred by contract between the partners. (2)

Synopsis of TDS on Contracts (u/s 194C)

CMA Poornima Madhava 08 April 2015 at 12:14

Persons responsible for making payment of income, covered by the scheme of Tax Deduction at Source (TDS), are responsible to deduct tax at source and deposit the same to the Government Treasury within the time stipulated.The recipient of the income (

Form 26AS, its worth the effort, check it!

Sahil Jolly 02 April 2015 at 10:22

This article is primarily meant for interest earners wherein they earn interest income from Fixed deposits and etc. other interest bearing instruments.While putting money in Fixed deposits and etc. ot

Capital gains - Exemption from tax u/s 54 & 54F

CMA Poornima Madhava 01 April 2015 at 10:49

Capital gains - when and to what extent exempt from tax u/s 54 & 54FSection 54 provides exemption to capital gains arising from transfer of a residential house property (being building or land appurtenant thereto), the income of which is chargea

TDS on Salary - Key points an employee should know

CMA Ramesh Krishnan 31 March 2015 at 11:06

Introduction: Taxation on salary is the vital area which should know not only by the employer but also employee should aware about this area. Section.192 of the Income tax act is crucial secti

International Tax - Case Law Analysis-2015: Series 2

CA Rohit Gupta 30 March 2015 at 10:49

International Tax Update: India Foreign Remittance: TDS u/s 195: Case Law Analysis 2015: Series 2 Some of the important case laws published in India during the year 2015 pertaining to TDS u/s 195 and/or taxability of foreign companies/non-resident en