Income Tax Articles

100% deduction of additional deprecation

CA Pankaj Kr Agrawal 24 April 2015 at 10:10

100% Deduction Of Additional Deprecation Irrespective to Date Of Installation With a view to give a boost to the manufacturing sector, an additional depreciation shall be allowed to an industrial undertaking, subject to the provision given below. Su

Practical issues in penalty u/s. 271D & 271E

NAVIN AGICHA 22 April 2015 at 10:38

Provisions Of 269SS, 269T, 271D AND 271E As Per Finance Bill 2014 And Finance Bill 2015 And Some Issues Regarding Penalty U/S 271D, 271E And Relating To Amendments. Consequences of contravention of section 269SS: Section 271D of Income Tax Act 1961 p

New income tax returns and U-turn

CA Umesh Sharma 20 April 2015 at 10:30

Karneeti Part 85New Income Tax Returns with data of foreign return, But now again a U-turnArjuna (Fictional Character): Krishna, Financial year 2014-15 is over. Now Income Tax Return will have to be filed for that year. The Department has notified s

Carry forward and set off of losses in tabular form

CA Pankaj Kr Agrawal 20 April 2015 at 10:30

Introduction :- The public finance domain of Economics deals with principles/cannons of taxations. There are various models of Taxation but in the developing economies progressive system of taxation has been advocated which means a person having larg

Regarding non deduction and short deduction of TDS

NAVIN AGICHA 20 April 2015 at 10:29

Section 40(a)(ia) [any interest, commission or brokerage, [rent, royalty,] fees for professional services or fees for technical services payable to a resident, or amounts payable to a contractor or

Tax Accounting Standards (ICDS) - An Overview

CA KiranKumar.K 16 April 2015 at 11:01

Whats the need: It has been a discussion since two decades arguing that the Accounting Standards issued by the Institute of Chartered Accountants of India (ICAI) are so flexible that it&rsquo

International Tax - Case Law Analysis-2015: Series 3

CA Rohit Gupta 16 April 2015 at 11:01

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

Black Money Bill 2015: Disclosure of Foreign Assets

CA Rohit Gupta 14 April 2015 at 13:58

International Tax Update: India Black Money Bill 2015: Disclosure of Foreign Income and Assets INTRODUCTION OF THE UNDISCLOSED FOREIGN INCOME AND ASSETS (IMPOSITION OF TAX) BILL, 2015 The Indian Finance Minister, in his budget speech, while acknowled

Foreign Remittance: Case Law Analysis:2015: Series 3

CA Rohit Gupta 14 April 2015 at 13:57

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,