Income Tax Articles

TDS Rule Amendments

Kapil Nayyar 04 June 2010 at 12:57

By Kapil Nayyar and Neha Srivastava Nayyar Maniar & Associates AMENDMENT IN TDS RULES A. INTRODUCTION The Central Board of Direct Taxes (CBDT) has amended the rules relating to Tax Deducted At Source (TDS) vide Notification No. 4

Systems of Taxing income - An Overview

taxindiaconnect 03 June 2010 at 13:24

The Hon’ble Mumbai Branch of ITAT ( The ITAT Mumbai) in the case of Ashapura Minichem Limited VS Assistant Director of Income Tax Mumbai has analyzed the various concepts / principle of determining the taxation of income prevailing worldwide.

Permanent Establishment An Introduction

Kapil Nayyar 02 June 2010 at 11:34

With the globalization of world economies, the concept of Permanent Establishment (PE) has gained significant magnitude both in India and worldwide due to its direct impact on the tax revenue generated by a Country.The PE concept is a measuring tool

Taxability of Fees for Technical Services In India pursuant

taxindiaconnect 31 May 2010 at 13:21

Back Ground The Hon’ble Income Tax Appellate Tribunal Mumbai ( ITAT Mumbai ) in ITA no 2508/Mumbai/08 in the case of Ashapura Minichem Limited Vs Assistant Director of Income Tax, Mumbai has delivered a landmark decision on the issue of incom

All about Presumptive Taxation

Rahul Poddar 19 May 2010 at 12:37

Presumptive Taxation Taxation is the most essential wing of the government’s revenue. It contributes a bulky amount to the government to meet the social and economic need of the nation. When collecting tax from the public the government tr

Gift u/s 56(2)

Rahul Poddar 19 May 2010 at 12:37

TAX TREATMENTS ON GIFT The amendment of Sec 56(2) of the income tax act has intensely changed the scenario of the tax treatment of gifts received by an assessee. The amended provision states that · Where any sum of money exceedin

TDS Amendments and its Impact

Manikanta Raju CA,CWA,(CS) 12 May 2010 at 16:35

Some says TDS is a simple, logical and interesting area. On the other hand most of the people are of the opinion that it is Vast, difficult and complicated. For fun professionals says TDS is a TEDIOUS topic (Both TDS and tedious have same pronunciat

Carefully laid investment plans u/s 80C

Manikanta Raju CA,CWA,(CS) 12 May 2010 at 16:35

As per the latest budget amendments, for the AY 2011-12 a deduction of INR 20,000 has been proposed for investments made in notified long term infrastructure bonds. This deduction is in addition to the deduction available under section 80C in case o

How to fill E-forms

CA Dhiraj Ramchandani 10 May 2010 at 15:14

How to fill E-forms | DHIRAJ A. RAMCHANDANI | Other Contributors are: Rakesh M. Jagwani [CA Final Student] Farookh S. Saiyed [CA Final Student] Vanita M. Jagwani [Head of Fin. Dept. of Parikh Pvt. Ltd] Manish B. Giriraj [MBA – Finance Stud

Tax Havens- An overview

CA Prashant Gupta 07 May 2010 at 11:17

Tax Havens- An overview A tax haven is a country or territory where certain taxes are levied at a low rate or not at all. Individuals and/or corporate entities can find it attractive to move themselves to areas with reduced or nil taxation levels.