Income Tax Articles

Dividend Stripping u/s 94(7) of Income Tax Act

Posted by CA. Rishabh Mittal 08 March 2010 136011 Views

Dividend Stripping - Section 94(7) Suppose Record Date for Dividend / Income - 31.01.2010 Acquisition of Shares / Units of MF – Within 3 months prior to the record date (01.11.2009 till 31.01.2010) Sale or Transfer of ·

Deemed Dividend - detailed analysis

Posted by Pavan Jain S 05 March 2010 39326 Views

Deemed Dividend Deeming fiction - a fiction resorted to by parliament for defying the law of literal interpretation. Whether it be Central Excise Act, 1944 [concept of deemed manufacture u/s 2(f)(iii)] or Income Tax Act, 1961 [concept of deemed divid

The Budget and the Indian Economy

Posted by Guest 04 March 2010 9476 Views

The Budget and the Indian Economy -- Ashok HandooThe latest budgetary exercise has clearly been an attempt to r

TDS Provisions on Pension Payments

Posted by CA Pranjal Joshi 04 March 2010 119728 Views

TDS Provisions on Pension Payments CA Pranjal Joshi Introduction – TDS is the best medium of collecting tax from the citizens without much of hassles, as the responsibility to deduct tax is not on the government, but on citizen-payer

Budget sets new benchmarks for growth, equity and reforms

Posted by Guest 04 March 2010 4539 Views

Budget sets new benchmarks for growth, equity and reforms -- S. Sethuraman The Union Budget for 2010-11 marks

Discussion on proposed Amendments in Income-tax Act, 1961

Posted by Anumanchipalli Sathikonda 03 March 2010 19295 Views

Finance Bill – 2010-Discussion on Proposed Amendments - Income-tax Act. 1961 DEFINITIONS: Charitable Purpose – Section 2(15) The original clause before its amendment by Finance Act, 2008 stood as follows (15)

Highlights of the Changes in Customs in the Union Budget 201

Posted by MONISH BHALLA 03 March 2010 9917 Views

1. The following changes are made in the duty structure applicable to crude petroleum and refined petroleum products:(i) basic customs duty on crude petroleum increased from Nil to 5%. (ii) basic customs duty on Motor Spirit (petrol) and HSD

Relief U/S 10

Posted by Rahul Poddar 03 March 2010 33806 Views

Income Exempt from Tax --- rahul poddar --- Overview of section 10 There are certain incomes which are absolutely exempt from tax under section 10 of the income tax act. It’s upon the assessee to prove that a particular item of income is

Income Tax Reliefs To Defeat Future Worries

Posted by Rahul Poddar 02 March 2010 6019 Views

Income Tax Reliefs To Remove Future Worries There are certain provisions of Income Tax Act which are framed to encourage savings amongst individuals. The method adopted to encourage such savings is by giving income tax relief to individual on inve

Heads I win, tails you lose, says FM

Posted by MONISH BHALLA 28 February 2010 8240 Views

Budget 2010 is likely to get a variety of reaction from different sectors. For the "aam admi", it is not a khaas budget and for the khaas admi, it is nothing more than an aam budget. Experts view it in a different prospective. Budget 2010