Income Tax Articles

Tax planning for salaried individuals

Rupesh Maheshwari 29 December 2008 at 11:58

SEMINAR ON TAX PLANNING FOR SALARIED INDIVIDUALS RupeshKalantri BCom 2nd Year,ERO 0133506

House Rent Allowance- Section 10(13A)

Member (Account Deleted) 04 December 2008 at 13:46

House Rent Allowance is an allowance given by an employer to an employee. The sole purpose of this is to meet the cost of renting a home. Here, we hope to clear the doubts you may have about HRA. Do note, when we refer to salary in this article, it

Relief u/s 89(1)

Member (Account Deleted) 03 December 2008 at 16:54

SALARY INCOME- RELEIF U/S 89(1)RELIEF U/S 89(1) In case of relief when salary has been received in arrears or in advance:Method of calculating the relief: Calculate the tax payable on the total income, including the additional salary of the relevant

Section 285BA - Annual Information Return

Member (Account Deleted) 17 November 2008 at 12:52

Authorising ‘agency’ for receiving Annual Information Returns on behalf of Commissioner of Income-tax (Central Information Branch) under section 285BA, read with rule 114E - In exercise of powers conferred under sub-section (1) of section

Deemed Dividend over Closely held private companies

CMA Jitendra Singh 08 October 2008 at 16:59

DEEMED DIVIDEND body { font-family:Arial; font-size:12px; }p { font-family:Arial; font-size:12px; }div { font-family:Arial; font-size:12px; } The concept of Deemed Dividend under the Income-tax Act, 1961(the Act) i

CBDT Clarification :6th CPC Tax due on 60% arrears FY 08-09

RAJAN GUPTA 30 September 2008 at 23:16

Dear Friends,As I have already written a post about tax due on arrears from sixth pay commission .In that Post I have mentioned that as per section 192 of income tax act , tax is not deductible from the 60% of arrears which is to be paid in FY 2009-1

Five Steps to a Solid Accounting Practice

Sajjad Abidi 30 September 2008 at 10:40

When I was a consultant a few years ago, it always amazed me how much impressive information a CPA firm had about its clients and customers. Since CPAs had multiple clients and years of experience working with them, my consulting strategy was to tal

Expenditure on website development

sudha 23 September 2008 at 14:54

Expenses on Development of Website : Capital or Revenue in nature Expenses on Development may be treated as Revenue Expenditure. Enduring benefit is not the only criteria for determining whether the expenditure is of capital or revenue nature. The r

Tax on SIxth Pay Commission Arrears in FY 2008-09

RAJAN GUPTA 15 September 2008 at 16:10

Dear Friends , In this post we discuss various aspects of the tax due of arrears received /allowed to the Govt employees in light of Income tax rulesArrears to be given on the basis of sixth pay commission Report As per sixth pay commission the rep

Return of Income & Procedure of Assessment

Ashka 15 September 2008 at 12:22

Sec 139(1): submission of return of income* Being a co. or a firm(even those co’s whose entire income is exempt u/s 10, etc)* Being a person other than co, firm 1) if his total income or 2) total income of any other person in