Articles by rajat aggarwal

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Tips received by waiters from customers is not salary income

Posted by rajat aggarwal 01 June 2016 5643 Views

Background and factsSection 15 of the Indian Tax Laws (ITL) includes the following incomes as chargeable to tax under the head �Income from Salary� (Salary head): Salary that is �due� from an employer or a former employer, whe

Failure to deduct tax at source - disallowance restricted to 30%

Posted by rajat aggarwal 07 August 2014 20869 Views

As per the existing provision of section 40(a)(ia), any payment made by way of interest, commission, brokerage, rent, royalty, fee for professional services, fee for technical services, payment to a contractor or sub-contractor on which tax is ded

Grossing up of Dividend for distribution tax - increase in effective Dividend Distribution tax rate of 3.47%

Posted by rajat aggarwal 02 August 2014 24077 Views

The Finance (No.2) Bill, 2014 proposes to levy pidend distribution tax by grossing up the pidend payable for the purpose of computing liability towards pidend distribution tax. As per the existing provision of Section 115-O pidend distribution tax at