Articles by CA Mehul Thakker

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The exam importance of Direct Tax Amendments ranges between 20 marks to 40 marks.  If we look back then ICAI had given importance of 40 marks to the amendments in recent examination of Nov. 2018 (old) syllabus. Therefore, as a student of CA, one cannot ignore these amendments made by Finance Ac..

Posted in Students  2 comments |   7541 Views

Answers to the Brainstorming Problems of Part 2 Total income of charitable trust:- Rs. 8,24,400. Amendment in section 143(1) of the Act In this article we are going to understand the most important amendment made by Finance Act, 2018 under section 143(1) of the Act with the help of Brains..

Posted in Students |   1528 Views

In continuation of earlier Article Direct Tax Amendments for May 2019/Nov 2019 Examinations - Part 1, Answers to the Brainstorming Problems of Article 1 Practical No. Partial Withdrawal from NPS Opting out of NPS 1..

Posted in Students  1 comments |   3124 Views

The exam importance of Direct Tax Amendments ranges between 20 marks to 40 marks. As a student, one cannot ignore the amendments made by relevant Finance Act. Also, it is often observed that students are not able to handle the questions on amendments effectively during exam hours. Below listed ar..

Posted in Students  3 comments |   8127 Views

Section 197A Section 197A provides that if a declaration in a prescribed form (Form no. 15G - Form 15 H) is submitted by the recipient of income to the payer, then no tax is deductible under following sections: Section No. Nature of Payment ..

Posted in Income Tax  13 comments |   4886 Views

When Individual/ HUF are required to deduct tax at source under these five sections? Consider  the following proviso to section 194A(1): “An individual or a Hindu undivided family(HUF), whose total sales, gross receipts or turnover from the business or profession carried on by ..

Posted in Income Tax  5 comments |   4098 Views

Decoding Section 40(b) of IT Act

  CA Mehul Thakker    03 December 2018 at 17:18

Decoding Section 40(b) of INCOME TAX ACT: Deductibility of INTEREST PAID TO PARTNERS in the hands of PARTNERSHIP FIRM. In previous Article 'UMP approach while preparing for CA Final Examination May 2019/ Nov 2019', I suggested 70% allocation of time on 'Understanding the depth of the ..

Posted in Students  4 comments |   2836 Views

In previous article Direct Tax CA Final (old), Nov 2018 attempt - Why it was toughest paper so far?, we have drawn following conclusions:- (1) Weightage of following topics was of 90 marks out 116 marks and that too PRACTICAL ASPECTS:- Sr. No. PRACTICAL ASP..

Posted in Students  9 comments |   7840 Views

The objective of this article is two-fold namely: i. To find out the reasons which made this paper toughest for the students appeared in recent examination and ii. Care should be taken while planning for the preparation of Direct Tax by the students who will be appearing in May 2019 / Nov 20..

Posted in Students  7 comments |   9375 Views

CRITICAL JUDICIAL RULINGS IN QUESTION - ANSWER FORMAT Case Study 1: Honda Siel Cars India Ltd. (assessee), is a joint venture company between Honda Motors, a Japanese company and Siel Ltd., an Indian company. The assessee and Honda Motors entered into a technical collaboration agreement (TCA) ..

Posted in Students  5 comments |   9447 Views

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