Income Tax Articles
A stitch in time, saves nine!
Hi Niraj, How are you doing today. Said Mr. Shrikant Desai, a 45 year old businessman to his nephew Niraj, a 29 year old IT Professional. Hey Uncle, Good to see you, Said Niraj. We are meeting after a pretty long
Tax benefit differently able
Tax benefits to individual who are differently able, Parents who have dependents who are differently able including minor and certain benefits to private sector for providing employment opportunities to differently able As per recent estimate there
TDS u/s 194C-(Applicability in certain cases)
The section deals with the deduction of tax at source from the payment made to contractor. However, I am not dealing with the whole provision of the section but only with the contract for printing job or rather say manufacturing or supplying a pro
Do we really understand the meaning of risk?
The other day, I was talking to a friend of mine, Sunil (name changed), when he told me that he is looking for a good life insurance policy for his father, who is 65 years old. Sunil also said that most of the policies do not cover his father and
Understanding capital and revenue receipt and expenditure
There is always a dispute in respect of capital & revenue receipt & expenditure. Lets clarify the same with the help of some of the latest judicial decisions in this respect. Non Compete Fees : Non compete fee received by assess
Vodafone tax case few suggestions
Sub:Vodafone case-few suggestions to implement in future tax laws
Peak Credit and telescoping theories under income tax
There may be some cases under Income Tax Assessment proceedings where there are a large number of unexplained credit and debit enteries of a person standing in books of account of an assessee. In such case the AO may tend to add all the aggre
Why is Insurance Mis-Sold in India?
Come on !! If you are a really good friend of mine, you ought to buy a life insurance policy from me Sounds Familiar ?? How many times we keep hearing this argument from a close friend (?) or a relative to buy an insurance policy fro
Time-Time ki Baat hai : Part-I
I have seen the world Son!! Not for nothing I have these gray hair said Mr. Anand Desai, 56 Years old businessman to his son Niraj Desai, 28 years old professional working with a leading IT company. No Dad, I am also a post-gra
Things you didn't Know about PPF!
Its the HR mail again. I need to do my tax savings now and submit the proofs. Said Monisha, a 26 years old Software professional to her colleagues Akshay and Neha. Neha: Me too !! Where should I invest ?? Monisha: Of course PP
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