Income Tax Articles

Understanding Transfer Pricing with Latest Case Laws : Part 2

Manish Kumar Agarwal 14 November 2011 at 12:35

Now a days, during transfer pricing assessment , the TPO are coming with unique ideas like valuation of intangibles , corporate guarantees, ratings provided by CRISIL etc. this all leads to corporate in a mysterious situation. Below are the summ

Analysis of Indian Taxonomy - Deficiencies & Implications

Nabeel 14 November 2011 at 12:34

Dear Friends, MCA has released the Revised Taxonomy on August 27, 2011. It has rectified Taxonomy Element related deficiencies reported by various stakeholders. However, the followin

Will govt stick to proposed DTC

Guest 11 November 2011 at 12:22

The current situation indeed is compelling the taxpayers to expect that the government may consider some tax reliefs, especially since the coming budget may be the last one to be presented by the government before the next general elections High i

Wealth Tax part 1

*RENU SINGH * 07 November 2011 at 12:08

Wealth tax :- As per section 3(2) of the wealth tax 1957, from 1993-94 , every individual , HUF and company is liable to pay wealth tax. Wealth tax is charged on the basis of The quantum of net wealth chargeable to tax under the Act. The time

Section 44 AB

M.R. PRASAD 05 November 2011 at 10:23

Section 44 AB Inserted by the Finance Act, 1984, w.e.f., 01-04-1985: A boon to C.As Practice. Up to that time, except Bank Audits, Company Audits, there is not much difference between work handled by the Income Tax Practioners, (TAX) Advocates

India Swiss Confederation Amendment 2011

Vrinda Aghi 01 November 2011 at 11:19

Protocol amending the agreement between Swiss confederation and the Republic of India for avoidance of Double Taxation: A critical analysis In order, to unearth black money stashed away in Swiss banks, India was awaiting Switzerlands ratif

Corpus meaning | Definition of Corpus Fund

CA VISHAL RANA,CS,B.Com,AMFI 28 October 2011 at 11:17

Corpus meaning: Corpus Fund The term corpus is often confused and misunderstood. The literal meaning of the term corpus is the main part/organ of a body.

PAN Laws in India

CA. Brijesh Baranwal 20 October 2011 at 16:39

PROVISIONS REGARDING PAN (PERMANENT ACCOUNT NUMBER) IN INDIA The Permanent Account Number is allotted by the Income Tax Department. No person can have more than one PAN. PAN is required for following transactions. for filing Income Tax retur

Understanding Tax deducted at source with latest case laws:

Manish Kumar Agarwal 20 October 2011 at 16:39

UNDERSTANDING TAX DEDUCTED AT SOURCE WITH LATEST CASE LAWS: PART - II In the part I of the article Understanding TDS with case laws published on February 2011 now we should move ahead and should discuss the latest judicial development in the are

Laws related to NRIs in India

CA. Brijesh Baranwal 19 October 2011 at 15:27

12 POINTS TO KNOW FOR NRIS/TO BE NRIs 1. NRIs whose taxable Indian Income exceeds basic exemption limit or who have earned short-term or long-term capital gains from sale of any investments or assets are liable to file income tax return in In