Income Tax Articles

Tax Saving Tips

SHIKHA SONI 22 June 2012 at 12:15

For most of the people tax savings brings to mind life insurance, PPF, NSC, and equity-linked savings scheme, among others, that qualify for tax deduction under Section 80 C of the Income-Tax Act. An individual can claim tax deduct

Taxation of Food Allowance in the hands of Employer/ee

arun 18 June 2012 at 12:15

Taxability in the hand of company and employee of free food In todays competitive environment the employers are constantly working hard with their Human resource department to lure their talented employees to retain them for future. For thi

Clubbing of Income

Saurabh Maheshwari 12 June 2012 at 11:04

Clubbing of Income or Income of other person included in the Assessees Income- Namastey and Hello to everyone,I am going to write my first article on CCI.. I thank CCI very much for selecting my article Under the Income Tax A

Submission of form 49 C by Liaison Office

Ca Anand Dubey 25 May 2012 at 15:46

Submission of Annual statement By Liaison Office in form 49C As per The Income Tax Second Amendment Rule 2012 , Rule 114DA inserted and form 49C is introduced to report annual statement of Liaison Office under section 285 of the Income Tax

Snapshot on GAAR: General Anti Avoidance Rules

Fauzia Afsar 18 May 2012 at 11:54

To check the misuse of tax treaties by Foreign Institutional Investors for the purpose of tax evasion, Government of India is planning to introduce GAAR; General Anti- Avoidance Rules . Meaning & Need The arrangements of Foreign Institutiona

TDS is not Tedious - Other side of the Coin

Amol Gopal Kabra (CA,CS,DISA) 10 May 2012 at 11:15

In the earlier article, I have mentioned that TDS is not Tedious. Theoretically, that is completely right. But practically, it has not been proved so. Practically, TDS has actually become very tedious. This is not because of the prov

TDS is not Tedious

Amol Gopal Kabra (CA,CS,DISA) 07 May 2012 at 11:35

TDS IS NOT TEDIOUS TDS, means Tax Deducted at Source, seems to be very tedious at the first instance. I have come across many people who take TDS as a very complicated task. This made me write an article on this topic. This article

An insight into Point of Taxation Rules, 2011

vandana 27 April 2012 at 10:43

Introduction Details: a. Notified vide Notification No. 18/2011 dated March 1, 2011 and Notification No. 25/2011 dated March 31, 2011. b. Effective from April, 2011, option to implement from July, 2011. c. The Point of Taxation Rules are for d

Taxability of Gifts

CA AJIT YADKIKAR 25 April 2012 at 11:49

Taxability of gifts received by an individual or Hindu Undivided Family Gifts received by an individual or Hindu Undivided Family (HUF) are taxable in certain situations as prescribed by Income tax Act. The gift may be in the form of money or p

Section 43 of the Income Tax Act, 1961

Manish Kumar Agarwal 20 April 2012 at 11:19

UNDERSTANDING SECTION 43 WITH LATEST CASE LAWS: Now its time to unlock all mystery in respect of section 43 of the Income tax act, 1961 with the help of the latest court rulings and judgments. Let us divide the section according to the subject an