Articles by CA Ram Bajaj

Basic about income tax department

CA Ram Bajaj 16 September 2015 at 10:51

Introduction � Income Tax Return, Audit is normally filled online at income tax department website. Herein I would like to discuss some basic knowledge about the working of income tax department. Generally, after become CA, it is very hard to g

Posted in Income Tax | 15 comments | 50994 Views

International transaction ALP - Some issue

CA Ram Bajaj 07 May 2015 at 10:27

92 B - Meaning of international transaction.� (1) For the purposes of this section and sections 92, 92C, 92D and 92E, "international transaction" means a transaction between two or more associated enterprises, either or both of whom a

Posted in Others | 5553 Views

Rejection of Books of Account - Sec 145 of Income Tax Act 1961

CA Ram Bajaj 05 February 2015 at 16:25

145(1) Income Chargeable under the head Profit and Gains of business or profession or Income From other sources shall, subject to the provisions of sub section(2), be computed in accordance with either cash or mercantile system

Posted in Income Tax | 4 comments | 52317 Views

Income Tax Act - 1961 Sec 14A disallowance

CA Ram Bajaj 28 January 2015 at 10:53

Introduction 1. Section 14A was first inserted by the Finance Act, 2001. However, same was inserted with retrospective effect from 1-4-1962. The inserted section reads as under: '14A. Expenditure incurred in relation to income not includib

Posted in Income Tax | 4 comments | 23067 Views

Work Contractor and Rajasthan VAT

CA Ram Bajaj 17 December 2014 at 10:31

Method of Calculating the Tax liability of VAT in Work Contract:- 1. Exemption Fee Method/Composition Method2. VAT Method 1 (Actual labour deduction)3. VAT Method 2 (Standard Labour Deduction) Exemption Fee Method /Composition Method

Posted in VAT | 1 comments | 14436 Views