Income Tax Articles

Highlights of Budget Finance Bill 2014 Part IV (Section -I)

Member (Account Deleted) 30 July 2014 at 10:59

For Previous Articles :PART - IPART - IIPART - IIIPART - IV**Miscellaneous Provisions (section I) Income of Charitable Trust and Institution Section -11 & Section 12 Principal Commissioner or the Commissioner may also by a

Old vs. New Tax Audit Report - A Y 2014-15

CA Pardeep Chanana 30 July 2014 at 10:58

Changes made in Tax Audit ReportAssessment Year 2014-15 Sr. No. Particulars Old Report New Report Changes are reflected by Bold Letters 1. FORM NO. 3CA 3. In * my/our opinion an

Why & for whom Income Tax return Filing before 31st July is mandatory?

CA Umesh Sharma 29 July 2014 at 12:12

Karniti Part: 47Why & for whom Income Tax return Filing before 31st July is mandatory? Arjuna (Fictional Character): Krishna, 31st July 2014 is near and many taxpayers are hurrying up for filing income tax returns. What are the poin

Section 80C deduction as per Income Tax Act

Sandeep Dharar 24 July 2014 at 11:48

There are different confusions regarding the deduction u/s 80C of the Income Tax Act for certain investments. So to remove the confusions and rumors regarding the section. I am presenting a disclosure regarding the section in details.Note:- Ple

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