Income Tax Articles

International Tax - Case Law Analysis-2015: Series 2

Posted by CA Rohit Gupta 30 March 2015 7261 Views

International Tax Update: India Foreign Remittance: TDS u/s 195: Case Law Analysis 2015: Series 2 Some of the important case laws published in India during the year 2015 pertaining to TDS u/s 195 and/or taxability of foreign companies/non-resident en

What is domestic transfer pricing?

Posted by Karan Khatri 27 March 2015 24132 Views

INTRODUCTIONApplicability 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 Domestic Transactions and is

How many previous years Income Tax returns can be filed after due date?

Posted by CA Umesh Sharma 27 March 2015 37874 Views

Karneeti Part 81How many previous years Income Tax returns can be filed after due date? Lets remove confusion. Arjuna (Fictional Character): Krishna, just a few days are left for the end of financial year 2014-15. Some lethargic tax pa

International Tax - Case Law Analysis-2015: Series 1

Posted by CA Rohit Gupta 23 March 2015 12969 Views

International Tax Update: IndiaForeign Remittance: TDS u/s 195: Case Law Analysis 2015: Series 1Some of the important case laws published during 2015 pertaining to TDS u/s 195 and/or taxability of foreign companies/non-resident entities in respect of

Budget 2015 Direct taxes,Sukanya Samriddhi Gold Monetisation

Posted by Rajesh Kumar Gupta 19 March 2015 28136 Views

Budget 2015 and Direct Taxes with details of Sukanya Samriddhi and Gold Monetisation Scheme No change in the basic exemption limit and the tax rates of individuals. Slab of Income Rate of Income tax Upto Rs. 250,000 [Ba

GAAR Conundrum

Posted by Gagan Deep Singh 17 March 2015 12566 Views

When Budget 2015-16 was rolled out by our Honorable Finance Minister Mr. Arun Jaitley then plethora of flak faced by our Government from opposition and critics that this budget was pro-industrialists and anti-poor and in their argument they cited a

Interest income from India - Foreign Remittance - Taxation

Posted by CA Rohit Gupta 16 March 2015 22901 Views

International Tax UpdateInterest Income from India- Foreign Remittance- TDS u/s 195 A. Taxation as per Domestic Law:A.1. Definition of Interest2(28A) "interest" means interest payable in any manner in respect of any moneys borrowed or debt

How to exercise your taxes to ensure financial health

Posted by Sanjit Agarwal 11 March 2015 18198 Views

The Income Tax Act 1961 devotes an entire section to Income Tax Deductions available to Indian tax payers. If we take note of the deductions and invest in the right products at a regular pace, we will inculcate financial discipline that will go a lon

Guideline value on the sale of a property & exemption

Posted by Shrinivas (CA, LLB, CISA) 09 March 2015 20285 Views

Land, one of the wonderful gifts of nature is now an item subject to taxes when the land is transferred from one person to another. The next question in hand is, what is the amount on which the taxes are to be paid?Mr. ABC, who resided in Mumbai, sol

Consequence on default in TDS

Posted by SAMEER AHMED 09 March 2015 28222 Views

Here we will get to understand that what defaults are oftenly occurs in TDS and how we can prevent ourselves from the penalties and fines in TDS under section 201(1), 201(1A) and 234E of Income tax act 1961.If we do a bit