Income Tax Articles

Form 26AS, its worth the effort, check it!

Posted by Sahil Jolly 02 April 2015 23566 Views

This article is primarily meant for interest earners wherein they earn interest income from Fixed deposits and etc. other interest bearing instruments.While putting money in Fixed deposits and etc. ot

Capital gains - Exemption from tax u/s 54 & 54F

Posted by CMA Poornima Madhava 01 April 2015 227562 Views

Capital gains - when and to what extent exempt from tax u/s 54 & 54FSection 54 provides exemption to capital gains arising from transfer of a residential house property (being building or land appurtenant thereto), the income of which is chargea

TDS on Salary - Key points an employee should know

Posted by CMA Ramesh Krishnan 31 March 2015 25337 Views

Introduction: Taxation on salary is the vital area which should know not only by the employer but also employee should aware about this area. Section.192 of the Income tax act is crucial secti

International Tax - Case Law Analysis-2015: Series 2

Posted by CA Rohit Gupta 30 March 2015 7254 Views

International Tax Update: India Foreign Remittance: TDS u/s 195: Case Law Analysis 2015: Series 2 Some of the important case laws published in India during the year 2015 pertaining to TDS u/s 195 and/or taxability of foreign companies/non-resident en

What is domestic transfer pricing?

Posted by Karan Khatri 27 March 2015 24110 Views

INTRODUCTIONApplicability of transfer pricing provisions was earlier limited to International Transactions only. With effect from 01.04.2013, the scope of Transfer Pricing provisions is extended to Specified Domestic Transactions and is

How many previous years Income Tax returns can be filed after due date?

Posted by CA Umesh Sharma 27 March 2015 37858 Views

Karneeti Part 81How many previous years Income Tax returns can be filed after due date? Lets remove confusion. Arjuna (Fictional Character): Krishna, just a few days are left for the end of financial year 2014-15. Some lethargic tax pa

International Tax - Case Law Analysis-2015: Series 1

Posted by CA Rohit Gupta 23 March 2015 12959 Views

International Tax Update: IndiaForeign Remittance: TDS u/s 195: Case Law Analysis 2015: Series 1Some of the important case laws published during 2015 pertaining to TDS u/s 195 and/or taxability of foreign companies/non-resident entities in respect of

Budget 2015 Direct taxes,Sukanya Samriddhi Gold Monetisation

Posted by Rajesh Kumar Gupta 19 March 2015 28129 Views

Budget 2015 and Direct Taxes with details of Sukanya Samriddhi and Gold Monetisation Scheme No change in the basic exemption limit and the tax rates of individuals. Slab of Income Rate of Income tax Upto Rs. 250,000 [Ba

GAAR Conundrum

Posted by Gagan Deep Singh 17 March 2015 12562 Views

When Budget 2015-16 was rolled out by our Honorable Finance Minister Mr. Arun Jaitley then plethora of flak faced by our Government from opposition and critics that this budget was pro-industrialists and anti-poor and in their argument they cited a

Interest income from India - Foreign Remittance - Taxation

Posted by CA Rohit Gupta 16 March 2015 22890 Views

International Tax UpdateInterest Income from India- Foreign Remittance- TDS u/s 195 A. Taxation as per Domestic Law:A.1. Definition of Interest2(28A) "interest" means interest payable in any manner in respect of any moneys borrowed or debt