Income Tax Articles

The Force behind the ITR Extension

CA Sudhir Halakhandi 30 September 2014 at 19:19

THE FORCE BEHIND THE ITR DATE EXTENSIONTAR DEFERMENT 2014 CA SHIV KHATRY THE ADMIN OF THE HISTORIC GROUP- BY CA SUDHIR HALAKHANDI At the Last the Date of Filing of Income Tax Returns is extended to match it with the date of Tax audit report

Breaking Partnerships

CA Umesh Sharma 30 September 2014 at 11:22

Karniti Part 56Breaking PartnershipsPartnerships, Politics and its TaxationArjuna (Fictional Character): Krishna, what is going on? All over Maharashtra the discussion of breaking of partnerships by political parties are happening. However, if the sa

A talk with CA Rajni Shah - The Gujarat High Court Petitioner

CA Sudhir Halakhandi 30 September 2014 at 11:18

EXTENSION OF DUE DATE OF ITRA TALK WITH CA RAJNI SHAH THE GUJARAT HIGH COURT PETITIONERFriends, at Last the Date of Filing of Income Tax Returns is extended to match it with the date of Tax audit report and this is the natural requirement of

Due date of ITR extended but 234A interest still applicable

CA Sudhir Halakhandi 27 September 2014 at 11:59

Due Date for filing of return of Income for Assessment Year 2014-15 Extended from 30th September, 2014 to 30th November, 2014 in Specified CasesAs per the provisions of the Income-tax Act, 1961 (the Act), for an assessee, who is require

Status of ITR Date Extension in various courts

Nilesh Saiya 26 September 2014 at 10:36

High Court Status Details of the Case Bombay Honourable Bombay HC passed the order stating that CBDT to consider the representation of the of the Chamber before 30th September The Chamber of Tax Consultants & Others Vs. Union

Income Tax implications on conversion of a Company into LLP

CA Paras Dawar 24 September 2014 at 10:38

The onset of Companies Act 2013 has ushered a paradigm shift in operation and management of companies. The benefits which, hitherto were available to Private Companies in the erstwhile Comp

Importance of FAR analysis in Transfer Pricing

CA Deepanshu Bansal 23 September 2014 at 13:23

IMPORTANCE OF FUNCTIONS, ASSETS AND RISK ("FAR") ANALYSIS IN TRANSFER PRICING IntroductionTransfer pricing has become the most significant source of litigation in India and is increasingly becoming a regular discussion point in the board

Gratuity - Taxation Issues

Sensys Technologies 22 September 2014 at 11:32

Income tax assumes gratuity as capital receipts and exempts gratuity receipts up to Rs 10,00,000. This means that you need not to pay tax, subject to some conditions, for gratuity receipts up to Rs 10 Lakhs. Gratuity beyond this limit is paid by emp

A Year with Specified Domestic Transaction (Transfer pricing)

RAGHAV GUPTA 19 September 2014 at 10:56

The Income Tax Act 1961(The Act) as amended by Finance Act 2012 brought specified domestic related party transactions (SDT) within its fold with effect from FY 2012-13 vide section 93BA of the Act and admittedly as with any new legislat

CSR - Income Tax Decoding

Gaurav Jain 19 September 2014 at 10:56

Note on CSR Expenditure The Companies Act, 2013 mandates that certain companies which have net worth of Rs. 500 crore or more turnover of Rs. 1,000 Crore or more or a net profit of Rs. 5 crore or more during any financial year are required to spend