Income Tax Articles
Capital Gains - some issues
ISSUES IN CAPITAL GAINS INTRODUCTION The concept of Capital gains needs a thorough study and interpretation to understand and apply them practically. Hence, the issues on capital gains are mostly concept oriented and often vary on the
Gross Profit Rate - Application of section 145(3) of the Income Tax Act
GROSS PROFIT RATE Application of section 145(3) OF THE INCOME TAX ACT By Deepak k Gujrati FCA SYNOPSIS COMPONENTS OF GROSS PROFIT WHEN GROSS PROFIT RATE IS LOWER THAN PREVIOUS YEAR DEFECTS IN BOOKS OF ACCOUNTS APPLICATION OF SECTION 145(3
Budget 2011-12 For Employees
BUDGET 2011-12 FOR EMPLOYEES WHAT WE GOT WHAT NOT GOT New category of VERY senior citizens (above 80 years) to get higher IT deduction limit of `. 5 lakh (How much people will come under this categor
Payment of TDS
Dear All, You kind attention is invited to my trailing mail dated June 9th 2010 highlighting therein the amendment made vide Notification No. 41/2010 dated 31 May 2010 and the notable features of the amended TDS Rules. These are as under: (a) Time
Capital Gain on Conversion of Capital Asset Into Stock
Section 45(2) of Income Tax Act deals with the cases where a capital asset is converted into stock in trade. Whenever a capital asset is converted into stock in trade by an assessee it is deemed as transfer of capital asset and attracts capital
Budget 2011 Income Tax
www.caclubindia.com/homepage/maheshkapasi MAHESH KAPASI E-Mail: maheshkapasi49@gmail.com Chartered Accountant
A few thoughts on Section 14A
Income-tax Act, 1961 has so many complicated provisions. I feel it is best to uncomplicate that which is complicated. As Denzel Washington said in movie PHILADELPHIA, All right, Mr. Laird, explain this to me like I'm a four-year-old
Direct Tax Impact on Budget 2011
MAJOR HIGHLIGHTS OF UNION BUDGET: 2011-12The following are the major Highlights of the Union Budget 2011-12 presented by the Honble Finance Minister Mr. Pranab Mukherjee in the Parliament on Monday (i.e. Feb. 28th 2011)DIRECT TAXES The proposa
Some Important changes in Income Tax after Budget 2010-11
Rates of Income Tax : in the case of every individual or Hindu undivided family or every association of persons or body of individuals, whether incorporated or not, or every artificial juridical person referred to in sub-clause (vii) of clause (31
Budget 2011- Income Tax Perspective
Section /Schedule Head Amendment/New Provision Effective date Part III to Schedule I Advance taxes & TDS u/s 192
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