Income Tax Articles

procedure for e-payment of tax

HARANATH 26 January 2008 at 11:58

Procedure for e-payment: 1. To pay taxes online the taxpayer will select the relevant challan i.e. ITNS 280, ITNS 281, ITNS 282 or ITNS 283, as applicable.2. Enter its PAN / TAN as applicable. There will be an online check on the validity of

Real Estate

shipra walia 14 January 2008 at 18:59

REAL ESTATE IN INDIA AN EMERGING SECTOR REAL ESTATE has generated immense interest in recent times. With the growing pace it has attracted investments not just from India but from overseas also. Even though after being a part of real estate ind

STEPS TO FILE INCOME TAX RETURNS ONLINE

NIHAR RANJAN 14 January 2008 at 08:04

COMPILEDBY NIHARRANJAN BEURACRL-BEL,BANGALORE.THAT'S IT STEP-1 GO TO www.incometaxindia.gov.in STEP-2 REGISTER YOURSELF WITH YOUR 'PAN NO' AS YOUR LOGIN ID. STEP-3 DOWNLOAD THE SOFTWARE OF THAT FORM (ITS NOTHING BUT A PDF FILE). SAME

SOME TIPS BEFORE FILING IT-RETURN

Garima 14 January 2008 at 01:53

Some tips before you file I-T...lest you miss out Whether you file it through the e-mode or the qmode, rush hour filing may mean that you could inadvertently miss out on certain details & disclosures . The new return formats do not require f

A CHECK LIST FOR TAX DEDUCTION/REBATE

Aisha 07 January 2008 at 12:22

A GENERAL CHECK LIST FOR TAX DEDUCTION/REBATE(F.Y.2007-2008 ) COMPILED BY NIHAR RANJAN BEURAMANAGER (FINANCE)CRL-BEL,BANGALORE. 1. House Rent Allowance - u/s 10 (13A) : (a) Original rent receipts from the landlord to be kept. (Note: Rent

The India- UAE Protocol- What's in Store?

Abhiroop 26 December 2007 at 14:20

TheIndia- UAE Protocol- What's in Store? Thetrade relationship that Indiahas had with UAE has always been on a special front and assumed significance.One Million Indians stay in the UAE alone and the trade volume exceeds morethan $18 billion per ann

Concepts of Transfer Pricing

CA. Amit Daga 19 December 2007 at 21:26

TRANSFER PRICINGAmit Daga Table Of Content Introduction. 1Definations. 6Methods Of Computation Of Arm's Length Price...............5Exceptions. 6 Introduction Transfer pricing "

Answers to Frequently Asked Questions On Income Tax and Pan

Aisha 08 December 2007 at 16:46

A. General 1. What is Income Tax? It is a tax imposed by the Government of India on any body who earns income in India. This tax is levied on the strength of an Act called Income tax Act which was passed by the Parliament of India. 2. What do y

Gist of Latest Judgement

Rupesh Srivastava 30 November 2007 at 11:23

DIRECT TAX LAWS Supreme Court of India G.K. Choksi & Company v. Commissioner of Income-tax Depreciation - Initial depreciation on building under section 32(1)(iv) at rate of 40 per cent would not be available to professionals; it would be available t

Important Judgements & Tribunal Orders Reported in Oct 2007

Rupesh Srivastava 27 November 2007 at 23:30

Gist Of Important Judgements & Tribunal Orders Reported in Oct 2007Subject Index: Supreme Court1. Interest awarded to the assessee by the High Court for illegal seizure of stock-in-trade of the assessee was converted to costs of Rs. 75,000/- towa