Income Tax Articles
Concepts of Transfer Pricing
TRANSFER PRICINGAmit Daga Table Of Content Introduction. 1Definations. 6Methods Of Computation Of Arm's Length Price...............5Exceptions. 6 Introduction Transfer pricing "
Answers to Frequently Asked Questions On Income Tax and Pan
A. General 1. What is Income Tax? It is a tax imposed by the Government of India on any body who earns income in India. This tax is levied on the strength of an Act called Income tax Act which was passed by the Parliament of India. 2. What do y
Gist of Latest Judgement
DIRECT TAX LAWS Supreme Court of India G.K. Choksi & Company v. Commissioner of Income-tax Depreciation - Initial depreciation on building under section 32(1)(iv) at rate of 40 per cent would not be available to professionals; it would be available t
Important Judgements & Tribunal Orders Reported in Oct 2007
Gist Of Important Judgements & Tribunal Orders Reported in Oct 2007Subject Index: Supreme Court1. Interest awarded to the assessee by the High Court for illegal seizure of stock-in-trade of the assessee was converted to costs of Rs. 75,000/- towa
Digest of SC Judgement Oct 2006- June 2007
Digest: Very Important Judgements of Supreme Court. DigestOct 2006- June 2007 1. Attribution of profits to the Permanent Establishment The Supreme Court has held that since there is no specific provision under the Act to compute profits accruing
E-payment of taxes : FAQ
e-Payment of Taxes e-Payment facilitates payment of direct taxes online by taxpayers. Toavail of this facility the taxpayer is required to have a net-bankingaccount with any of the banks listed below, which are the only banksoffering this facility at
At Arms Length- Landmark Ruling of ITAT on Transfer Pricing of Captive Software Company
At Arms Length- Landmark Ruling of ITAT on Transfer Pricing of Captive Software Company- Mentor Graphics (Noida) Pvt Limited v/s DCIT (Delhi) Background In a landmark Ruling pronounced in the open court by the Income Tax Appellate Tribunal (Tribun
Steps to Computation of TOTAL INCOME
Income-tax is levied on an assessee's total income. Such total income has to becomputed as per the provisions contained in the Income-tax Act, 1961. Let us go step bystep to understand the procedure of computation of total income for the purpose of l
Tax savings a write up..
Tax-saving is a year-long business. This is because the returns matter as much as the tax saved through the investment. Death and taxes are a certainty. But, financial planning takes care of both. As far as taxes go, major tax-saving instruments are
Capital Gain & Taxes...
With the boom in the economy witnessed over thepast five years, many salaried individuals and businessmen are leftwith surplus cash. It is not uncommon for people to invest inproperties and to dispose them off when the value appreciatessignificantly.
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