Income Tax Articles

"Sec 206 AA - Issues" , another view.

Venkateswara Rao Sapare 29 July 2010 at 12:00

“Sec 206 AA – Issues” by Venkat Rao Marella on 28 July 2010 “The circular No.1 of 2010 specifies that no tax is required to be deducted at source in any case unless the estimated salary income including the value of

Sec 206 AA - Issues

Venkat Rao Marella 28 July 2010 at 12:09

Section 206AA – Issues and ImplicationsObjective One of the important proposals which were introduced by the Finance (No.2) Act, 2009 is insertion of Sec 206AA in the Income Tax Act. The main objective of introduction of this section is to str

SEC.206AA -NOT WITHSTANDING THE GLOBE

CA S.SAIRAM 26 July 2010 at 11:55

Sec. 206 AA of Income tax act 1961 (effective from 1.4.2010) was once a hot topic not only in India, but also some other countries which have financial dealings with India. These Non obstante clauses have been historically known to be plaguing our i

Provisions of Section 269SS and 269T under Income Tax Act

Amit Bajaj 22 July 2010 at 13:29

Provisions of Section 269SS and 269T under Income Tax Act Finance is the important part and need of every business. The own capital of a person may not be always sufficient to meet the needs of finance of the business. Therefore the Loans and depo

Compulsory maintenece of books of accounts under IT Act

Amit Bajaj 21 July 2010 at 11:30

It is generally seen that there is confusion among taxpayers about maintenance of books of accounts under Income Tax Act like who is required compulsorly to maintain the books of accounts and for how many years one has to keep his books of accounts.

A brief view on - DTC Revised Discussion Paper

Manikanta Raju CA,CWA,(CS) 12 July 2010 at 11:14

Introduction: The Government has released the Revised Discussion Paper on the Direct Taxes Code (“DTC”) on June 15. While retaining the basic philosophy and object of the DTC, the Revised Discussion Paper seeks to address 11 key issues

Deemed Dividend -Section 2(22)(e) of Income Tax Act 1961

deepak K Gujrati 09 July 2010 at 11:57

Deemed Dividend -Section 2(22)(e) of Income Tax Act 1961Loans & Advances to Directors and Family members of Closely held CompaniesPrivate Limited Companies generally give Loan or Advance to their director and family members who are again shareho

Opinion on Section 195

CA kanica gupta 03 July 2010 at 13:24

TDS PAYMENT TO FOREIGN CONSULTANTIs TDS applicable to foreign consultant who renders service outside India (namely in USA). Foreign consultant is US based and does not have PE in India. · First point before us for consideration is to decide

Treatment of Spectrum Charges in Income tax act 1961.

CA kanica gupta 03 July 2010 at 13:17

OPINION IN THE MATTER OF Whether payment of Spectrum charges gets covered under section 35ABB or Section 37 of the Income Tax act 1961? FACTS The company is engaged in the business of providing telecommunication facilities (just like MTN

Can we claim HRA deduction u/s 10(13A) and Interest on housing loan u/s 24(b) simultaneously if both are in the same city?

Shudhanshu Agrawal 30 June 2010 at 12:50

I have seen that we are finding difficulties in application of Sections of Income Tax Act, 1961. The reason behind it is lack of conceptual knowledge. To solve this problem I have decided to write articles for you all on different to