Income Tax Articles

TDS U/S 195- Reimbursement of salary of seconded employees

CA Rohit Gupta 26 February 2015 at 10:39

Secondment of employees by foreign parent company to Indian subsidiary is a regular feature considering the requirements to meet their global standards of quality and to ensure proper functioning and assistance to Indian Subsidary Companies. However,

Section 194DA clarification needed

Rajesh Kumar Gupta 17 February 2015 at 10:42

Applicability of various provisions of Income Tax Act 1961 to Insurance policies: Also a debate over newly inserted section 194DAA brief DescriptionWith a view to inculcate a habit of thrift, GOI, has through Income Tax Act 1961 and various Finance A

Black money

CA Raj K Agrawal 16 February 2015 at 11:05

Black money refers to funds earned on which income and other taxes have not been paid. This money is largely accumulated from: 1. Lower income declared by Businessman in Income tax returns. 2. Money of Politicians & Government official created fr

Cricket and income tax, what is similarity, you must know it

CA Umesh Sharma 16 February 2015 at 10:17

KARNEETI Part 76Cricket and Income Tax, what is similarity, you must know it.Arjuna (Fictional Character): Krishna, the 11th Cricket World Cup has been started in Australia. In these days 14 countries will compete against each other. In Cricket there

Taxation of heriditary LIC insurance commission

sivadas chettoor 10 February 2015 at 10:56

TAXATION OF HERIDITARY LIC INSURANCE COMMISSION- A STUDYSIVADAS CHETTOOR BCOM FCA LLMINTRODUCTION:- The brief study in this article relates to some legal and taxation issues connected with the receipt of hereditary commission by nominee or legal heir

Loveonomics and its taxation

CA Umesh Sharma 09 February 2015 at 10:16

Karneeti Part 75Loveonomics and its taxationArjuna (Fictional Character): Krishna, 7th February to 14th February is celebrated as Valentine Week all over the World. This is celebrated by giving gifts and wishes and for that the markets were ready. Th

TDS u/s 195- Interesting Cases

CA Rohit Gupta 07 February 2015 at 11:17

Peculiar Cases where Courts held Assessee Liable for Deduction of TDS u/s 195Withholding taxes u/s 195 in respect of transactions with Non-Residents has always been a bone of contention between Assessee and tax authorities. Though liability for deduc

Rejection of Books of Account - Sec 145 of Income Tax Act 1961

CA Ram Bajaj 05 February 2015 at 16:25

145(1) Income Chargeable under the head Profit and Gains of business or profession or Income From other sources shall, subject to the provisions of sub section(2), be computed in accordance with either cash or mercantile system

All you need to know about PAN

Dattatray Hanamant Pujari 04 February 2015 at 10:25

Permanent Account Number (PAN) is a ten-digit alphanumeric number, issued in the form of a laminated card, by the Income Tax Department, to any "person" who applies for it or to whom the department allots the number without an application.

Income tax slab rates of 24 years

CA ANKIT GUPTA 03 February 2015 at 10:54

INCOME TAX SLAB RATES FOR MALE ASSESSEEFROM ASSESSMENT YEAR 1992-1993 TO ASSESSMENT YEAR 2015-2016 Hello readers, I found many persons searching sites here and there for slab rates of some previous years, purchasing books for the purposae of making a