Income Tax Articles

ITR with air - Complete ITR

CA. Chikkerur C R 30 October 2010 at 14:58

ITR - Income Tax ReturnAIR Annual Information Report AIR is a mandatory requirement and hence everyone must comply with it while filing their ITR. In fact, several cases where the taxpayers have received notices for scrutiny of Income Tax Returns b

Self Employed - Are you ready for Housing loan

CA. Chikkerur C R 30 October 2010 at 14:58

Self Employed –Businessmen & Professionals – Are you ready for Housing Loan? This article is aiming at preparing our self employed people – Business man & Professionals, to get Housing loan/any loan from bankers for the

Ignorance of law is not an excuse -An email on Revised ITR

CA. Chikkerur C R 28 October 2010 at 15:28

Article is written in email formatDear ITR ians This email is applicable (relevant) only for people who had filed their tax returns (ITR) for 2009 & 2010. Others can ignore this Many of you have heard of this

Transfer Pricing Reforms in the Direct Tax Code

CA S.SAIRAM 25 October 2010 at 11:36

Transfer Pricing Reforms in the Direct Tax Code The new Transfer Pricing policy introduces two concepts which are novel only to the Indian tax system known as 1) Safe Harbour rules and 2) Advance pricing agreement (APA). Safe Harbour rule in

A Study on 269SS & 269 T

CA. Chikkerur C R 20 October 2010 at 12:29

CA. CHIKKERUR C R,

Few Legal Decisions

Dr. Paras Jain 17 October 2010 at 00:37

Legal Decisions - Income Tax for detail refer to summary below.INDEX FOR REFERENCE Section Case Decision Rectification /Merger 154(7)

Sections Skeleton of Salary ITR

CA. Chikkerur C R 11 October 2010 at 12:33

Salary is first source or first head of Income charging under Income Tax Act -1961. It is an important source of revenue to Government too.

Sec.50C and Sec.69B of IT Act 1961 - No Twins

CA S.SAIRAM 11 October 2010 at 11:52

Sec.50C and Sec.69B of IT Act 1961 - No Twins Man proposes, God disposes (either ways). But luckily for the assessee the Department proposes, judiciary opposes. Our Income tax law provides for tackling the cases of undervalued as well as undiscl

Scrutiny assessments under Income Tax Act 1961

Amit Bajaj 04 October 2010 at 11:01

The Scrutiny Assessments under Income Tax Act 1961 are made u/s 143(3). For many years now many of the returns of the assesses are accepted as they are being filed by the assesses and intimation is sent u/s 143(1) and only fewer cases are selected fo

Indo-Mauritius Treaty: Mortising Legality to Tax evasion

CA S.SAIRAM 04 October 2010 at 11:00

Indo-Mauritius Treaty: Mortising Legality to Tax evasion The thin line of demarcation between tax evasion and tax avoidance is the 'scienter' or the intent of fraud. The moment the adjudicating or apex authority fails to discern the