Income Tax Articles

Deferred Tax

Posted by CA Praveen Chopra 25 March 2008 19547 Views

Budget 2008 : Proposal to add back deferred tax for book profits not in harmony with MAT objectives MARCH 24, 2008By Praveen ChopraTHE purpose behind introduction of MAT was to tax Corporates which distributed substantial dividends without paying any

Deduction for Higher Education Loan 80E

Posted by RAJAN GUPTA 25 March 2008 15100 Views

Relevant clause of section are reproduced hereunder for ready reference :80E. (1) In computing the total income of an assessee, being an individual, there shall be deducted, in accordance with and subject to the provisions of this section, any amount

What to Check before investing for Section 80C

Posted by SSA JI 24 March 2008 4794 Views

What to Check before investing for Section 80C or How to Make Best Use of Section 80CMost of the Income Tax payee try to save tax by saving under Section 80C of the Income Tax Act. However, it is important to know the Section in toto so that one ca

Acquisition and Transfer of Immovable Property : FAQ

Posted by Aisha 24 March 2008 11653 Views

Acquisition and Transfer of Immovable Property in India by a person resident outside IndiaFrequently Asked Questions (FAQs)Acquisition and Transfer of Immovable Property in India by a Person Resident outside IndiaAcquiring immovable property in India

Explanation To Section 73 Of The Income Tax Act .

Posted by CA. Amit Daga 21 March 2008 146910 Views

Explanation To Section 73 Of The Income Tax Act .\Section 73 of the Income Tax Act, 1961 deals with carry forward and set off losses from speculation business. Explanation to Section 73 is a deeming provision wherein if specified conditions are satis

Fringe Benefit Tax - At A Glance

Posted by CA. Amit Daga 21 March 2008 41310 Views

Fringe Benefit Tax - At A Glance INTRODUCTION The Finance Act, 2005 has imposed a new tax - The Fringe Benefit Tax (FBT). The provisions relating to this new tax are contained in new Chapter XII-H (sections 115W to 115WL) of the Income Tax Act, 1961

FAQ ON ACCEPTANCE OF LOAN OR DEPOSIT OF MONEY

Posted by Late CA Sampat Jain 19 March 2008 25546 Views

FREQUENTLY ASKED QUESTIONS ON ACCEPTANCE OF LOAN OR DEPOSIT OF MONEY Author: CA Sampat Jain Co-Author: CA Nikita Kala Q1. What is the defi

Analysis of Retirement benefit (Gratuity)

Posted by Rahul Gupta 18 March 2008 20302 Views

Analysis of Retirement benefit (Gratuity)March 14, 2008Meaning :-Gratuity is a statutory benefit paid to the employees under the Payment of Gratuity Act, 1972 who have rendered continuous service for at least five years. The employee is eligible for

How to claim HRA & house loan benefits

Posted by CA Praveen Chopra 17 March 2008 18285 Views

How to claim HRA and home loan benefits[Submitted by CA. Praveen ChopraB.Com, ACAGandhidham , Gujarat]March 17,2008The documents required to claim deduction and implications of joint ownership of property. Documents required for claiming deduction I

Search and Survey

Posted by CA Praveen Chopra 15 March 2008 7753 Views

[ Submitted by CA Mr. Praveen ChopraFriends Group Of Companies, Gandhidham ] · Search and SurveyPower to carry out search under section 132 and survey under section 133A are important tools in the armoury of the Income-tax department for de