Income Tax Articles
Income from Employment,Direct Taxes Code, 2009
Income from Employment, Section 17, Direct Taxes Code, 2009. Please focus your attention about the word “Person” The following lines are from 4.7, “Scope of total Income”, Chapter-IV of “Discussion Paper on Direct Taxe
Linklaters LLP Ruling - Impact on Taxability of Professional
In a recent ruling in ITA no 4896/Mumbai /03, Hon’ble Income Tax Appellate Tribunal ( ITAT Mumbai / The ITAT ) has delivered a land mark decision, in the case of Linklaters LLP Vs Income Tax Officer – International Taxation. In the rul
DIRECT TAXES CODE BILL, 2009. DIN & TDS on Rent
DIRECT TAXES CODE BILL, 2009 1) Document Identification Number, Sec 261 (4) “Any document, letter or correspondence, received by the Department, any income tax authority or any other person acting on behalf of the Department or the income tax
Minimum Alternate Tax - DTC - 2009.
Minimum Alternate Tax, a saddle on an entrepreneur as well as century old industrialists. “If you tax the productive segment of the population, they are going to think why should we set up factories if it is going to reduce our income
"Sec 206 AA - Issues" , another view.
“Sec 206 AA – Issues” by Venkat Rao Marella on 28 July 2010 “The circular No.1 of 2010 specifies that no tax is required to be deducted at source in any case unless the estimated salary income including the value of
Sec 206 AA - Issues
Section 206AA – Issues and ImplicationsObjective One of the important proposals which were introduced by the Finance (No.2) Act, 2009 is insertion of Sec 206AA in the Income Tax Act. The main objective of introduction of this section is to str
SEC.206AA -NOT WITHSTANDING THE GLOBE
Sec. 206 AA of Income tax act 1961 (effective from 1.4.2010) was once a hot topic not only in India, but also some other countries which have financial dealings with India. These Non obstante clauses have been historically known to be plaguing our i
Provisions of Section 269SS and 269T under Income Tax Act
Provisions of Section 269SS and 269T under Income Tax Act Finance is the important part and need of every business. The own capital of a person may not be always sufficient to meet the needs of finance of the business. Therefore the Loans and depo
Compulsory maintenece of books of accounts under IT Act
It is generally seen that there is confusion among taxpayers about maintenance of books of accounts under Income Tax Act like who is required compulsorly to maintain the books of accounts and for how many years one has to keep his books of accounts.
A brief view on - DTC Revised Discussion Paper
Introduction: The Government has released the Revised Discussion Paper on the Direct Taxes Code (“DTC”) on June 15. While retaining the basic philosophy and object of the DTC, the Revised Discussion Paper seeks to address 11 key issues
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