Income Tax Articles

Key point and analysis of final rule on range concept and use of multiple year data

Posted by RAGHAV GUPTA 30 October 2015 9645 Views

Key Point and Analysis of Final Rules on �Range Concept� and �Multiple year data� in Transfer Pricing provisions IntroductionThe Income-tax Act provides for determination of income having regard to Arm�s Length Price (A

Way to Get Unclaimed Refund

Posted by CA CS Jainam Shah 28 October 2015 11137 Views

There are many circumstance in which a person may forgot to claim the credit of Tax deducted at source or sometimes TDS has been lately credited in his account. This is specially truth of the cases where a person is either not supposed to file return

Is there a need to apply Fuzzy Logic in sec 44AB?

Posted by N.Srinivasan 26 October 2015 8076 Views

Sec 44AA of the Income tax Act stipulates about the compulsory maintenance of Accounts by Certain persons carrying on business or profession and return their income under the head �Profits & Gains of Business or Profession. What is the limi

Full Summary of Form 15CA & 15CB Requirements & relevant Provision

Posted by CA Manan Gupta 16 October 2015 31418 Views

Firstly to understand the provisions & needs of Form 15CA & 15CB, we have to understand the income Tax Act & Rules made behind the compliances and transactions required the compliances of Form 15CA & 15CB.1- Section 195(6)of Income

Differences between Income Computation and Disclosure Standard and Accounting Standard

Posted by rohitash rajpurohit 14 October 2015 17614 Views

Statement showing differences between Income Computation and Disclosure Standard and Accounting Standard ICDS corresponding to accounting Standards ICDS No. ICDS Corresponding to AS Applicability on JAL I

Otiose extension by CBDT: A puerile step

Posted by Harish Chander Bhatia 06 October 2015 10099 Views

WILL CBDT and its sycophants introspect and explain to their own consciences that why this foolishness to extend due date for filing of ITR/TAR after ending of statutory due date. What purpose it has served for them. Those who put the CBDT and MoF i

Form 3CD - A Detailed Analysis

Posted by Pranjul Mittal 03 October 2015 273846 Views

FORM NO. 3CD[See rule 6 G(2)]Statement of particulars required to be furnished under section 44AB of the Income Tax Act, 1961PART - A Name of the assesse(Here the name of the assesse is to be mentioned, and in case such audit is carried in respect of

Receipt without consideration (Gift) from Non-Relatives - A tool for tax planning

Posted by CA Preksha Choraria 28 September 2015 16488 Views

Any receipt without consideration or receipt with inadequate consideration from relatives (as defined under Income Tax Act) is not taxable. However, certain receipt without consideration or receipt with inadequate consideration even from non-relative

Basic about income tax department

Posted by CA Ram Bajaj 16 September 2015 51363 Views

Introduction � Income Tax Return, Audit is normally filled online at income tax department website. Herein I would like to discuss some basic knowledge about the working of income tax department. Generally, after become CA, it is very hard to g

Understanding of 44AB -Tax Audit

Posted by BHARAT PAUDEL 14 September 2015 119428 Views

Understanding of 44AB Tax AuditIntroductionThe main objects of any audit are : To certify to the correctness of the financial position as to shown in the Balance sheet, and the accompanying revenue statements, The detection of errors, The detection o