Income Tax Articles

Tax Benefits and your Dream Home

CA. GAURANG THAKKAR 12 January 2011 at 12:08

Tax Benefits and your Dream Home It is being well said that Roti, Kapda and Makan are the three basis necessities for which a common man is running during his entire life. As all three things are very much necessities and a common man could easil

FAQ's on Furnishing of TDS / TCS return

Aditya Maheshwari 10 January 2011 at 14:23

Furnishing of TDS/TCS return / statement 1. Where can I file my TDS/TCS return? You can file your TDS/TCS return at any of the TIN-FCs managed by NSDL. TIN-FCs are set up at specified locations across the country. Details are given in

General TDS FAQ

Gaurav Barmera 08 January 2011 at 13:35

1. What is annual e-TDS/TCS Return? Annual e-TDS/TCS return is the TDS return under section 206 of the Income Tax Act (prepared in Form Nos. 24, 26 or 27) or TCS return under section 206C of the Income Tax Act (prepared in Form No. 27E), which is

Taxation of E-Commerce Transactions

Manmohan ACA, CS 06 January 2011 at 12:24

TAXATION OF E-COMMERCE TRANSACTIONS WHAT IS E-COMMERCE? E-commerce or electronic commerce, in its widest sense, means consumer and business transactions conducted over a network, using computers and telecommunications. In other words, e-comm

Survey Operations U/s 133A of the Income Tax Act

Member (Account Deleted) 04 January 2011 at 11:59

Survey Operations U/s 133A of the Income Tax Act Surveys u/s 133A of the Income Tax act, 1961 are made by Income Tax Department regularly. Survey is different than search and seizure operation which is commonly known as income tax raid. But wh

Personal Letter to ITRians on Sec 80CCF

CA. Chikkerur C R 30 December 2010 at 16:23

TO : ITR Individuals India Hi All Hope everyone is doing great & busy in calculating risk & returns on Tax Investments. I know December & January months are meant for investment & reducing tax liability. Most of you had already

A Study on HRA - It is not an Automatic Exemption

CA. Chikkerur C R 29 December 2010 at 13:17

CA. Chikkerur CR | B.Com, MBA, CA, DISA & LLB A STUDY ON HRA IT

Disallowances in case of Interest free loans granted

varun jain 28 December 2010 at 13:44

Disallowances in case of Interest free loans given by a company to a sister concern or others. In this regard it is pertinent to note that it is a well settled law that notional incomes are not taxable under the Income Tax Act, 1961. The Orissa

All you want to know about TDS

CMA. CS. Sanjay Gupta 27 December 2010 at 11:50

TDS is one of the modes of collection of taxes, by which a certain percentage of amounts are deducted by a person at the time of

Prerequisites for Claiming Bad Debts

varun jain 23 December 2010 at 12:43

Prerequisites for Claiming Bad Debts In order to claim deduction of bad debts u/s 36(1)(vii) following conditions must be cumulatively satisfied: 1) It must be a DEBT: A debt is a present obligation to pay an ascertainable sum of money, wheth