Income Tax Articles

Transfer Pricing adjustment on Corporate guarantee

Posted by Rupesh Srivastava 19 December 2014 19356 Views

TP adjustment on Corporate guarantee 1. [TS-208-ITAT-2014(CHNY)-TP] Transfer of shares in subsidiary, by way of 'gift', to an overseas step down subsidiary (in Cayman Island), not taxable as capital gains u/s 45; Such transfer 'without an

Nobel Prize and other Indian Awards are Tax Free?

Posted by CA Umesh Sharma 15 December 2014 17546 Views

Karniti Part 67Nobel Prize and other Indian Awards are Tax Free?Arjuna (Fictional Character): Krishna, recently Indian resident Mr. Kailash Satyarthi received Nobel Peace Prize with Malala Yusufzai. This consists of a medal and approximately 6 crores

Online facility for response to outstanding IT demand

Posted by CA Chirag Chauhan 13 December 2014 21425 Views

Many a times there are Mis match between TDS shown in Form 16 / Form16A and actually deposited by Employer / Other party. However at the time of filing Income Tax Return the assessee claims full TDS as per TDS certificate received. Due to this at the

Five rare benefits of filing regular 'Income Tax Returns'

Posted by F.S Dhiman 12 December 2014 26021 Views

What is the benefit of filing income tax return? this is the first question when a client ram into t

Modiji Appealed for "Make in India" But NRIs worried about "Tax in India"

Posted by CA Umesh Sharma 08 December 2014 10118 Views

KARNITI Part 66Modiji Appealed for "Make in India"But NRIs worried about "Tax in India"Arjuna (Fictional Character): Krishna, The tours across the world of Modiji after becoming the Prime Minister of India has become the topic of discussion for every

All about ITR-1 Sahaj

Posted by SANYAM ARORA 05 December 2014 11964 Views

Greetings of the day to all the members of CCI Family. I have written the following articles in the last one week, in case you have missed them you can check it out from here. Journey into stock market - BasicsJourney i

Foreign exchange fluctuation treatment in income tax

Posted by Gagan Deep Singh 02 December 2014 99433 Views

As we know todays world is dominated by globalization in which geographical boundaries of business houses has spread beyond its countries also. As a consequence of which, exchange fluctuation

Hussh..Finally Income Tax Return e-filed Now Face Revamped Income Tax Department

Posted by CA Umesh Sharma 02 December 2014 27818 Views

Karniti Part 65Hussh....Finally Income Tax Return e-filed Now Face Revamped Income Tax Department Arjuna (Fictional Character): Krishna, Income Tax Payer to whom Tax Audit is applicable has become relaxed after e-filing Income tax return on 30th Novembe

FTS u/s 9 of Income Tax Act, 1961

Posted by CA Nischal Agarwal 22 November 2014 31572 Views

Installation & Commissioning Expenses are not covered under the definition of FTS u/s 9 of Income Tax Act, 1961 The issue is no longer res integra as it has been held by Honble ITAT Mumbai in case of Bennet Coleman & Co. Ltd. Vs ITO(TD

Arye wah! Instructions to reduce hardship of taxpayer in Income Tax Scrutiny

Posted by CA Umesh Sharma 10 November 2014 26599 Views

Karniti Part 62Arye wah! Instructions to reduce hardship of taxpayer in Income Tax Scrutiny.Arjuna (Fictional Character): Krishna, recently on 7th November 2014, the Central Board of Direct Taxes has issued instructions for reducing hardship of taxpa