Income Tax Articles

Sec 80EE - Should you rush to buy a house?

CA Suraj Lakhotia 02 March 2013 at 11:07

Increasing savings and their optimal allocation for productive uses lead to higher economic growth. The household sector must be incentivised to save in financial instruments rather than buy gold. Excerpt from Budget Speech

Budget 2013 Direct Tax Perspective

Pavan Jain S 28 February 2013 at 22:54

Highlights of Union Budget 2013 Direct Tax perspective: Section /Schedule Head Amendment/New Provision Effective date Part III to Schedule I Advance taxe

Understanding Taxation of Trust - Part- II

Manish Kumar Agarwal 27 February 2013 at 17:18

We had earlier discuss in detail about the concepts of Taxation of Trust along with various case laws earlier in part I. In case you want to refer, the part I, please click on the link below: http://taxbymanish.blogspot.in/2012/02/unde

Taxability for concession in school fees or scholarship

Deepak Agrawal 22 February 2013 at 11:21

NOTE ON PERQUISITE TAXABILITY FOR CONCESSION IN SCHOOL FEES OR SCHOLARSHIP GIVEN BY THE EMPLOYER TO THE CHILD OF EMPLOYEE: 1. Taxability of Perquisites: As per section 17(2) (iv), Perquisite includes, any sum paid by the employer i

FAQ'S on Fema

VIKAS.A 20 February 2013 at 11:49

FAQS ON FEMA Friends I am going to discuss few FAQS on FEMA, ntroduction : 1. The legal framework for administration of foreign exchange transactions in India is provided by the Foreign Exchange Management Act, 1999. Under the Fo

Transfer Pricing(Int Taxation) make it easy

Saurabh Maheshwari 16 February 2013 at 08:28

Short Communication with the readers: On this new day , with new idea and new enthusiasm I have again come up with an Article on somewhat a new topic called as Transfer Pricing. The Article has been written in a style which in my opinion will s

MAT make it easy Part-2

Saurabh Maheshwari 04 February 2013 at 10:55

In continuation of my precious Article.I am writing once again for discussing some advance aspects in MAT. In my previous Article I have discussed the following aspects viz Purpose of introducing MAT, MAT and Total Income & Tax

A Quick glance on Exemption from Capital Gain

CA Prashant Gupta 25 January 2013 at 18:12

People gets money when sell property, BUT, they also get tension when they come to know that this money brings a big Capital Gain tax on them. Income tax gives some exemptions from this capital gain. I

Section 80CCG - Rajiv Gandhi Equity Savings Scheme

Deepak Agrawal 25 January 2013 at 18:09

Finance Act, 2012 has inserted section 80CCG in the Income Tax Act, 1961 (the Act) with effect from Assessment Year 2013-14 (Current Financial Year 2012-13) to encourage new investors in the equity market. The details of the

Implementation of GAAR - Postponed to April 1, 2016

PRIYANKA WADHAWAN 22 January 2013 at 15:36

Dear All, We are pleased to inform that the Ministry of Finance has decided to postpone the implementation of GAAR and shall be applicable from 1st April, 2016.