Income Tax Articles

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

Income for putting Advertisement on your website

CA Neil Ganatra 15 March 2013 at 12:52

Income for putting Advertisement on your website + Section 44AD Nowadays many people are using their own website as the source of their income. The income is for allowing other brands to put advertisements on website. The brands are interested

Burden of proof to claim interest expenditure is on the assessee

Rupesh Srivastava 11 March 2013 at 12:09

S. 14A , burden of proof to claim interest expenditure is on the assessee. Subscribe TaxCorp e-Practice for the full report and to receive daily updates on Tax Laws. As informed in 11th Sep. 2012 and reported in (2012) 6 TaxCorp (DT) 52547 (SC), Inv

Income Tax Practical Procedures in FAQ Style

Saurabh Maheshwari 06 March 2013 at 12:29

Introduction: Income Tax has always been a challenge not only for students, professionals or for Department but also for tribunals and courts. The reason may be the vastness and depth of the provisions of law which makes it sometimes complicated.