Income Tax Articles

Provisioning for Benefit in case of hospitalization expenses

Posted by sksen 22 November 2010 14980 Views

PROVISIONING FOR BENEFIT IN CASE OF HOSPITALIZATION EXPENSES As a citizen of India, I would like to bring forth an issue which I feel may be given a serious thought for the benefit of all. Slabs of individual tax payer depends upon his/her income a

The advent of APA in TP regime

Posted by PS Prabhakar 08 November 2010 7814 Views

ADVENT OF APA IN TRANSFER PRICING TAXATIONp.s.prabhakarThe arena of International taxation has always been quite complex as much as it has been exciting (for tax practitioners in particular). What with residency rules, PE provisions, TP regimes, 195

All about Income Tax

Posted by Vijeth Kumar C 01 November 2010 38906 Views

∂ Tax is a compulsory payment made to government for services it provides us. # Incidence: - Liability to pay Tax, ## Impact; - One who pays Tax Authority Direct Tax Indirect Tax Central Govern

Deduction in case of a person with disability. 80U

Posted by Vijeth Kumar C 01 November 2010 15486 Views

[Deduction in case of a person with disability. 80U. (1) In computing the total income of an individual, being a resident, who, at any time during the previous year, is certified by the medical authority to be a person with disability, there shal

Self Employed - Are you ready for Housing loan

Posted by CA. Chikkerur C R 30 October 2010 9617 Views

Self Employed –Businessmen & Professionals – Are you ready for Housing Loan? This article is aiming at preparing our self employed people – Business man & Professionals, to get Housing loan/any loan from bankers for the

ITR with air - Complete ITR

Posted by CA. Chikkerur C R 30 October 2010 31287 Views

ITR - Income Tax ReturnAIR Annual Information Report AIR is a mandatory requirement and hence everyone must comply with it while filing their ITR. In fact, several cases where the taxpayers have received notices for scrutiny of Income Tax Returns b

Ignorance of law is not an excuse -An email on Revised ITR

Posted by CA. Chikkerur C R 28 October 2010 13069 Views

Article is written in email formatDear ITR ians This email is applicable (relevant) only for people who had filed their tax returns (ITR) for 2009 & 2010. Others can ignore this Many of you have heard of this

Transfer Pricing Reforms in the Direct Tax Code

Posted by CA S.SAIRAM 25 October 2010 13952 Views

Transfer Pricing Reforms in the Direct Tax Code The new Transfer Pricing policy introduces two concepts which are novel only to the Indian tax system known as 1) Safe Harbour rules and 2) Advance pricing agreement (APA). Safe Harbour rule in