Income Tax Articles

Transfer Pricing(Int Taxation) make it easy

Posted by Saurabh Maheshwari 16 February 2013 16084 Views

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

Posted by Saurabh Maheshwari 04 February 2013 54767 Views

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

Posted by CA Prashant Gupta 25 January 2013 43541 Views

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

Posted by Deepak Agrawal 25 January 2013 46179 Views

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

Posted by PRIYANKA WADHAWAN 22 January 2013 11860 Views

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.

Centralised Processing of Statement of TDS Scheme, 2013

Posted by CA Sourabh Agarwal 19 January 2013 23180 Views

Centralised Processing of Statement of TDS Scheme, 2013 (Notification 3, Date of Issue 15-01-2013) Ministry of Finance has introduced the scheme for Centralised Processing of Statement of TDS on 15th January, 2013 in exercise of powe

MAT - Make it easy

Posted by Saurabh Maheshwari 19 January 2013 32376 Views

Normally, a company is liable to pay tax on the income computed in accordance with the provisions of the Income-tax Act, 1961 but the profit and loss account of the company is prepared as per the provisions of the Companies Act, 1956. There were

Recent Changes in GAAR

Posted by Rahul Chilal 19 January 2013 10916 Views

Introduction: The Ministry of Finance had come out with General Anti Avoidance Agreement (GAAR) in this buget. But due to its opposition from many quarters especially the FIIs(Foreign Institutional Investors), Government formed a expert Com

Applicability of sec. 9(1)(vii) on Offshore Supply Contract

Posted by Deepak Agrawal 19 January 2013 11521 Views

XYZ is engaged in the business of real state development. In the normal course of business, it imports the various high quality equipment's and goods from outside India. Whether the title and ownership of the goods exported by exporter outside India,

Direct Tax Code - Some Important Aspects

Posted by CA Roopak Singh 19 January 2013 13307 Views

The readers are informed in advance that the following article may appear bit lengthy but may contain important information, so kindly bear with the same. Everyone is waiting for the much discussed Direct Tax Code, but I have noticed some points