In continuation of my previous article on Income Tax procedures, I have once again come up with next part having special focus on scrutiny assessments. Links to previous parts: Part 1: Income Tax Practical Procedues in FAQ Style
More than Rs. 45,000 Cr. is involved in TRANSFER PRICING TAX MATTERS in India. . India's share is 70% of world's DISPUTED TAX MATTERS pertaining to Transfer Pricing. At least we have "distinction marks" in this field). :) . In
The concept of MAT was introduced under ITA to tax companies making high profits and declare dividends to their shareholders but have no significant taxable income because of exemptions, deductions and incentives. The primary cause is not tax
Those availing of treaty benefits would now have to file returns of their incomes in India, even if those arent liable to be taxed here. The government has changed the Income Tax Rules, making it mandatory for certain classes of assessees, in
QUOTES ON INCOME TAX : CA SURENDRA RAKHECHA . . READING OF A "SECTION" GIVES DIFFERENCE RESULTS ! . . 1. At First Reading; you will HARDLY understand it. 2. At Second Reading; "SOMETHING" you will understand. 3. At Third Readin
As per Income tax act 194C, TDS is not required to be deducted on payments made to transporter If PAN number has been provided to the deductor. Further as per Section 197 of Inco
It seems the arrogance of the government simply refuses to die! Inspite of being witness to one of the largest mass movements over the last 4-5 days by the business community in recent time, the government seems to be in no mood to show any empathy.
Form & mode of filling of Income Tax Return for A Y 2013-14 Relevant Sections of Income Tax Act, 1961:- 139(1), 139(3), 139(4A), 139(4B), 139(4C), 139(4D), 142(1), 148(1), 153A All Applicable Return Forms for A Y 2013-14:- ITR 1 (SAHAJ)
INTRODUCTION Applicability of transfer pricing provisions was earlier limited to International Transactions only. With effect from 01.04.2013, the scope of Transfer Pricing provisions is extended to Specified Do
W.E.F. from F.Y. 2012-13, following persons have to file returns electronically: (Vide Notification No. 34/2013, dated 01.05.2013) 1. Every person (not being a company or person filing ITR 7) if Total Income is above Rs. 5 lacs. 2. Resident Indivi
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