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Articles by CA Neil Ganatra

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Rebate U/s 87A

  CA Neil Ganatra    05 June 2014 at 12:34

Section 87A of the Income Tax Act, 1961 was introduced in Finance Act, 2013 to give benefit to a large number of people whose net total income is less than Rs. 5,00,000/-. The rebate under this section is available to resident



Taxability of Prepaid coupons like sodexo

  CA Neil Ganatra    04 June 2014 at 11:44

What is the taxability of Prepaid Coupons?As it is not possible to discuss all the perquisites in one article, let us discuss the taxability of a perquisite which is always in question taxability of prepaid coupons say for example Sodexo coup



TDS on Salary

  CA Neil Ganatra    04 June 2014 at 11:44

TDS ON SALARY and Rebate U/s 87AAny person responsible for paying income chargeable in the hands of recipient as Salaries shall make TDS u/s 192 of the Income Tax Act, 1961. The article discusses some basic aspects of the provisions o



Income for putting Advertisement on your website

  CA Neil Ganatra    15 March 2013 at 12:52

Income for putting Advertisement on your website + Section 44AD Nowadays many people are using their own website as the source of their income. The income is for allowing other brands to put advertisements on website. The brands are interested



Capital gain - Exemption u/s 54 & CG Scheme account

  CA Neil Ganatra    02 January 2013 at 12:23

Capital Gain Exemption & Capital Gain Account Scheme Sec. 54 (2) of the Income Tax Act provides as under: The amount of the capital gain which is not appropriated by the assessee towards the purchase of the new asset made within one year