Income Tax Articles

Requirement of PAN by Non-Residents & Tax Consequences

Deepak Agrawal 01 April 2013 at 14:20

NOTE ON REQUIREMENT OF PAN BY NON-RESIDENTS IN INDIA AND TAX CONSEQUENCES: The analysis of the requirement of PAN is made on the basis of following cases: I. Non resident is exempt from tax in India: II. Non resident is liable to ta

Disallowance by I.T. Dept. w.r.t. VAT Hawala Purchase Info

Krunal.J.Davda 29 March 2013 at 11:20

Date - 23/03/2013 IS IT FAIR TO DISALLOW PURCHASES BY THE I. T. DEPARTMENT , JUST ON THE BASIS OF HAWALA INFORMATION RECEIVED FROM THE SALES TAX DEPARTMENT ? Recently the Income Tax Department is sending Show Cause Notices to many Assessee&rsq

Revised Schedule VI

Kamal Garg 26 March 2013 at 12:58

Introduction Old Schedule VI had outlived its utility; Revised Schedule VI effective from 1st April, 2011; Being a statutory format its early adoption is not permitted; Revised Schedule VI has

Understanding Taxation of Salary with latest Case Laws

Manish Kumar Agarwal 26 March 2013 at 11:22

UNDERSTANDING TAXATION OF SALARY WITH LATEST CASE LAWS: The common people who earns his livehood by the way of employment requires to pay

TDS Provisions Applicability

Vandana Saluja 23 March 2013 at 11:31

TDS (Tax Deducted at Source on payment of interest (or any other service fees) to non Banking financial Companies and Public Financial Institutions. Non Banking Financial Institution A Non Banking financial Company is a company registered un

How to register as a legal heir to do e-filing on behalf of deceased

Ganeshbabu K 21 March 2013 at 11:19

User should register as a Legal Heir to do e-Filing on behalf of the deceased. This is a new feature provided for Individual user. A Legal Heir can file Income Tax Return, View Status of Income Tax Return, ITR-V Acknowledgment and other fi

Pre-requisites of Section 91(1) and 192 of I.T. Act, 1961

Gaurav Pahuja 20 March 2013 at 11:29

Pre-requisites of Section 91(1) and 192 of I.T. Act, 1961 In this write up, the author has enlightened the pre-requisites of Section 91(1) and 192 of the Income Tax Act, 1961 keeping in view the basic objective of the concerned section. Also t

All about Tax law

jatin kapoor 16 March 2013 at 13:16

INTRODUCTION The word tax has not been defined by any law. The Little Oxford Dictionary gives the meaning of word Tax as money compulsorily levied by state on person, property, business, etc.Taxes are levied by Governm

Reimbursement of trainings, professional services etc

Rupesh Srivastava 16 March 2013 at 13:05

Traning were commercial in nature and not technical and, hence, not covered by the provisions of DTAA. These payments also cannot be taxed under Article-7, as none of these persons had any P.E. or fixed base in India. KPMG vs JCIT Dated: 22nd Fe

HC directed the revenue to grant interest

Rupesh Srivastava 16 March 2013 at 13:04

HC directed the revenue to grant interest @ 12% on delay in release of seized cash. On 12th March 2013, Hon`ble HC directed the revenue to grant interest @ 12% on delay in release of seized cash Assessee have file writ petition before hon`ble Hi