Articles by Pavan Jain S

Highlights of Union Budget 2015- Direct Tax Perspective

Pavan Jain S 01 March 2015 at 18:00

Section /Schedule Head Amendment/New Provision Effective date Part III to Schedule I Advance taxes & TDS u/s 192 Advance t

Budget 2013 Direct Tax Perspective

Pavan Jain S 28 February 2013 at 22:54

Highlights of Union Budget 2013 Direct Tax perspective: Section /Schedule Head Amendment/New Provision Effective date Part III to Schedule I Advance taxe

Budget 2011- Income Tax Perspective

Pavan Jain S 01 March 2011 at 09:57

Section /Schedule Head Amendment/New Provision Effective date Part III to Schedule I Advance taxes & TDS u/s 192

Depreciation - an interesting aspect

Pavan Jain S 08 March 2010 at 11:18

Depreciation – a non cash expenditure allowed under Income Tax Act, 1961 following block concept. Under the block concept, all the assets falling within the same class and subject to same rate of depreciation are clubbed together and considere

KVAT Amendments

Pavan Jain S 08 March 2010 at 11:16

Major Changes in Karnataka Value Added Tax Act, 2003 effective from April 1, 2010: · VAT exemption on paddy, rice, wheat, pulses and products of rice and wheat extended for one more year from 1.4.2010. · Tax on M

Deemed Dividend - detailed analysis

Pavan Jain S 05 March 2010 at 12:17

Deemed Dividend Deeming fiction - a fiction resorted to by parliament for defying the law of literal interpretation. Whether it be Central Excise Act, 1944 [concept of deemed manufacture u/s 2(f)(iii)] or Income Tax Act, 1961 [concept of deemed divid

Union Budget 2010 - Income tax amendments

Pavan Jain S 26 February 2010 at 17:27

Union Budget 2010 - Income tax amendments

SECTION 43(6) V. SECTION 45(1A)

Pavan Jain S 28 January 2010 at 14:10

CA Pavan Jain S, ACA., grad CS.Taxability of a receipt is governed by section 2(24) of the Income Tax Act (hereinafter referred to as “Act”) which define the term “Income”. In ordinary parlance, the term income connotes a rec

CENVAT credit on input service

Pavan Jain S 28 August 2009 at 12:22

CA Rajesh Bagrecha, FCA., DISA(ISA)CA Pavan Jain S, Bcom (TPP), ACA.Introduction: The concept of CENVAT credit was introduced with an intention to avoid cascading effect of taxes. The Central Value Added Tax [CENVAT] allows the credit of the duty pai