Income Tax Articles

Analysis of TDS withholding tax & TDS provisions

S.ASWATH 17 January 2014 at 13:48

Whether assessee can appeal for Intimation received under section 200A for TDS provision violation? Whether is it mandatory to apply U/s. 195(2) or U/s.197 for no deduction certificate to pay without deduction? Analysis provision & case laws of I

Karniti Part-19: Kite Fight between Taxpayer & IT Dept

CA Umesh Sharma 15 January 2014 at 11:01

Arjuna (Fictional Character): Lord Krishna, all are happy and enjoying as two festivals Makar Sankranti and Eid are coming together. Children are busy flying colorful kites in the blue sky. Kites o

How to make sure your Income Tax return is not rejected?

Palak Aggarwal 15 January 2014 at 11:00

Most of us file our income-tax (I-T) returns online before the July 31 deadline. Electronic filing (e-filing) is convenient and you can even pay your taxes online. However, filing your returns online does not mean that the process of fi

Safe Harbour Rules - International Transfer Pricing

Sandeep SHARMA 15 January 2014 at 10:57

Sandeep SHARMA(CA Final)sandeep.ca92@gmail.com91-93578-95039 Safe Harbour Rules Transfer PricingThe only thing that is constant is change.Change is what has bought us to the juncture and change is what it will take to usher in a

How to proceed with Tax Audit - An Overview

Vignesh A. 15 January 2014 at 10:55

Let us consider the following questions : Objective of Work? Where to start? How to Proceed? What to Check & document in working paper file? Knowledge base / Study paper? Tax Audit :1. Objective:In cas

Short-comings of Safe Harbour Rules

Mihir Manohar 09 January 2014 at 14:03

In this article I have made an attempt to highlight the shortcomings of Safe Harbour Rules of India. Smog prevailing on the conditions of Insignificant Risks.Safe Harbour rules in one segment are applicable to Assesses extending Loans t

Karniti Part-18: Beware of Stamp duty value of Immovable property

CA Umesh Sharma 06 January 2014 at 12:51

Beware, Adhere to Stamp duty valuation of Immovable property under Income tax. Arjuna (fictional character): Krishna, It is astonishing that on 1st January Government instead of giving gift of New Year to the taxpayers, it increased Stamp Duty Value

How to take maximum tax advantage of House Rent Allowance (HRA)?

Deepak Nagori 03 January 2014 at 12:49

Maximum Tax Advantage of House Rent Allowance (HRA)House Rent Allowance (HRA) is provided by an employer to his employee to meet the rental cost of the residential house of the employee.

All About TDS Saving Forms 15G & 15H

Palak Aggarwal 02 January 2014 at 13:06

Form 15G and Form 15H are self declaration forms required to be furnished by the Assessee to his banker to avoid the tax deducted at source (TDS) on his/her investments.As per Section 194A of the Income Tax Act, 1961, all banks and financial institut

NHB Tax free Bonds- An Insight

Ashish Kedia 31 December 2013 at 13:37

Very warm Christmas wishes to one and all!! National Housing Bank (NHB) has decided to play Santa this Christmas and has announced an issue of tax free bonds with coupon/ interest rates as under: 10 year 15 Year 20 year