Income Tax Articles

Benefits related to Research & Development expenses under Income Tax Act

CA Umesh Sharma 22 December 2014 at 11:03

KARNITI Part 68Benefits related to Research & Development expenses under Income Tax Act.Arjuna (Fictional Character): Krishna, ISRO succeeded in Mars mission by launching the largest rocket GSLV Mark III in space after lot of efforts and spending cro

Construction PE- Finer Aspects

MOHIT JAIN 22 December 2014 at 11:02

Article 5(3) of UN model provides for existence of construction PE as under;- A building site, a construction, assembly or installation project or supervisory activities in connection therewith, but only if such site, p

Frequently Asked Questions TDS on Non residents u/s.195 of Income tax act

CMA Ramesh Krishnan 22 December 2014 at 11:02

Introduction: Tax Deducted at Source (TDS) is the first way of collection of any taxes. Under Income tax also TDS is the very important tax collection method. TDS under

Transfer Pricing adjustment on Corporate guarantee

Rupesh Srivastava 19 December 2014 at 10:44

TP adjustment on Corporate guarantee 1. [TS-208-ITAT-2014(CHNY)-TP] Transfer of shares in subsidiary, by way of 'gift', to an overseas step down subsidiary (in Cayman Island), not taxable as capital gains u/s 45; Such transfer 'without an

TDS Rate on making Foreign Payment

CA. Amit Daga 16 December 2014 at 10:56

How to determine applicable TDS Rate on making Foreign Payment : TDS on foreign payments depends on two conditions. First, whether deductee provides a valid TRC or not? Second, whether deductee holds a valid PAN in India or not? Below is the matrix

Nobel Prize and other Indian Awards are Tax Free?

CA Umesh Sharma 15 December 2014 at 10:25

Karniti Part 67Nobel Prize and other Indian Awards are Tax Free?Arjuna (Fictional Character): Krishna, recently Indian resident Mr. Kailash Satyarthi received Nobel Peace Prize with Malala Yusufzai. This consists of a medal and approximately 6 crores

Online facility for response to outstanding IT demand

CA Chirag Chauhan 13 December 2014 at 13:16

Many a times there are Mis match between TDS shown in Form 16 / Form16A and actually deposited by Employer / Other party. However at the time of filing Income Tax Return the assessee claims full TDS as per TDS certificate received. Due to this at the

All about PAN

SANYAM ARORA 12 December 2014 at 13:32

Discussing the basics of PAN, the necessity to have a PAN, how to know your PAN, how to apply for PAN online and other relevant things about PAN.

Five rare benefits of filing regular 'Income Tax Returns'

F.S Dhiman 12 December 2014 at 13:32

What is the benefit of filing income tax return? this is the first question when a client ram into t

Modiji Appealed for "Make in India" But NRIs worried about "Tax in India"

CA Umesh Sharma 08 December 2014 at 11:12

KARNITI Part 66Modiji Appealed for "Make in India"But NRIs worried about "Tax in India"Arjuna (Fictional Character): Krishna, The tours across the world of Modiji after becoming the Prime Minister of India has become the topic of discussion for every