Taxpayers Articles

Taxpayers follow March end Rule Otherwise you may be an April Fool

CA Umesh Sharma 16 March 2015 at 10:21

KARNEETI Part 80Taxpayers follow March end RuleOtherwise you may be an April FoolArjuna (Fictional Character): Krishna, the last month of Financial Year 2014-15 March is here. Everyone is in haste due to March end f

What to expect from Budget 2015

CA SONIYA AGARWAL 07 February 2015 at 11:17

BJP Government first budget under the leadership of Shri Narendra Modi making it the most crucial one. General Expectation of people from budget is favourable tax rates, more reliefs, deductions, easy tax Compliance etc. Every year in the month of Fe

Cracking CA Final not difficult Part-2

Ashwini Nirgude 02 December 2014 at 10:58

Hello Friends,Continuing with my previous article, lets discuss something further.Planning for Financial Reporting:- Friends practice is the most important thing for this paper. Do accounting standards well. Friends if you do AS

Is KVP a tool to convert black money to white?

CA Umesh Sharma 24 November 2014 at 10:38

Karniti Part 64Is it a tool to convert Black Money into White - Kisan Vikas Patra ?Arjuna (Fictional Character): Krishna, recently the Government has reintroduced the investment scheme of Kisan Vikas Patra. There are many questions rega

Capital Gains and Tax Exemption as per Income Tax Act, 1961

NILA REJESH P 17 September 2014 at 12:09

Capital Gains and Tax Exemption as per Income Tax Act, 1961Technical TermsSection 2(14) of Income Tax Act, 1961 defines Capital Asset as "Property of any kind held by the assessee whether or not connected with his business or profession but does not

India is My Country and To Pay Others Taxes is also My Duty

CA Umesh Sharma 18 August 2014 at 18:38

Karniti Part 50India is My Country and To Pay Others Taxes is also My DutyArjuna (Fictional Character): Krishna, In India on 15th August 68th Independence Day and on 17th August Shri Krishna Jannamashtmi was celebrated. Bhagwadgita has narrated the

Demand of Tax vs Pre Deposit

Dilip K Raina 04 August 2014 at 11:35

"Taxation should not be a painful process for the people. There should be leniency and caution while deciding the tax structure. Ideally, governments should collect taxes like a honeybee, which sucks just the right amount of honey from the flow

Budget 2104-15 : What's Good and What's Not So Good?

Prof. Bajaj 28 July 2014 at 11:52

We saw a deluge of analyses coming on Budget 2014 right from 11th July 2014. However, we chose to wait for clarifications and finer details so that readers get the right perspective for themselves.People would have different opinion about the budget

Government heading towards E-Collection of taxes

Pradeep Jain 17 July 2014 at 15:48

Introduction:- The Hon’ble Finance Minister, Mr. Arun Jaitley in his budget speech delivered on 10th July, 2014 had expressed his desire to create an e-biz platform that is aimed to create a business and investor friendly ecosystem in India by

Tax Evasion in India - Ways, Effect and Control

NILA REJESH P 23 June 2014 at 12:04

One of the major obstacle before India Government is Tax evasion. Tax evasion is the way people evade tax by illegal and unfair means. They may claim lesser profit, gains or turnover than actual. Even if