Income Tax Articles

Highlights of Budget -- Finance Bill, 2014 PART - III

Member (Account Deleted) 21 July 2014 at 11:44

For Previous Article PART - I Click HereFor Previous Article PART - II Click HerePART - III**International Tax Characterization of income in case of Foreign Institutional Investors (FII) Section 2(14) Definition of the term Capital Ass

Union Budget - I T simplification and aam aadmi ignored

Mahesh Kapasi 21 July 2014 at 11:43

Modi governments first budget has belied the hopes of aam aadmi especially on Income Tax as an increase of Rs. 50,000 in exemption

TDS on Contractors and sub-contractors

Sandeep Dharar 21 July 2014 at 11:42

I In recent days there r common question and confusions regarding section 194C. So I am presenting the article from my side to get rid out of all the confusions regarding Contract, Rates of TDS, Liability where tax is arise etc. Deduction of ta

Highlights of Budget - Finance Bill, 2014 - PART - II

Member (Account Deleted) 18 July 2014 at 13:02

For Previous Article PART -I Click Here PART - II**Capital Gains Tax Definition of Short term Capital asset Section 2(42A) Section 2(42A) has been amended to provide that securities (other than a listed security), listed or unlisted units and

Section 51, Monies Forfeited Characterized With Other Sources

riddhi vasistha 18 July 2014 at 13:02

Finance bill 2014 has proposed to enhance the area of section 51, Forfeiture of advance money received in process of transferring a capital asset. The modification will elevate tax collec

Why tax practitioners bill required in India

BSKRAO 18 July 2014 at 13:01

(1) Below are the accounting bodies of various countrys world over on date, In spite of this, they have separate bodies/legislation for regulation of tax professionals. Reason being, situation similar to that of latest Supreme Court verdict in

Highlights of Budget - Finance Bill, 2014

Member (Account Deleted) 17 July 2014 at 15:50

PART - I ** Announcements Not to ordinarily bring about any retrospectively. Instead of tax officers, High Level Committee to scrutinize indirect transfer cases covered by retrospective amen

REITs - Boon to Flourish Real Estate Sector.

sandeep 17 July 2014 at 15:48

REITs Boon to Flourish Real Estate Sector. Real Estate Investment Trust REITs:The introduction of the Real Estate Regulation Bill, which foretells the governments desire to promote the real estate sector, will abort the torment

Taxation Regime for REIT and InvITs in Finance Bill 2014

CMA Devi Vara Prasad Korada 16 July 2014 at 12:08

1.Introduction: Real Estate Investment Trusts (REITS) have been successfully used as instruments for pooling of investment in several countries. Infrastructure Investment Trusts (InvITs), a modified REITS type for infrastructure projects is also bein

Section 32AC- An Aid to Prosper the Manufacturing Sector

riddhi vasistha 15 July 2014 at 11:33

Section 32AC - There are several policies which affect the culture of investment in manufacturing sector. The union finance minister has proposed to extend the scope of section 32 AC. The invit