Articles by Mahesh Kapasi

CAs in limelight

Posted by Mahesh Kapasi 17 November 2009 14734 Views

CAs are successful even outside their discipline There is no doubt that Chartered Accountants are very successful in their discipline. Also there is no second opinion that chartered accountants are successful even outside their discipline i.e., pr

Tax Deduction at Source (TDS) -Not assesses fault

Posted by Mahesh Kapasi 30 September 2009 16878 Views

Income Tax- Tax Deduction at Source (TDS) -Not assesses's fault, Sir, why they are suffering? It is good that the Director of Income Tax (Systems) New Delhi has send E-mail to PAN holders to check their TDS etc as recorded by it (Form 26AS) for AY 2

Is it Simplified Direct Taxes Code?

Posted by Mahesh Kapasi 17 August 2009 10249 Views

Is it Simplified Direct Taxes Code? Income Tax is one of most complicated tax law. In order to simplify it an attempt has been made by the government to simplify it so that common income tax payers can easily understand it and comply with it. But

I T Scrutiny on the basis of AIR

Posted by Mahesh Kapasi 10 August 2009 22935 Views

The Annual Information Reports (AIR) under Income Tax Forms is meant for high value transactions but these limits at present are too low especially in view of continuing inflationary trends beyond the control of government and manifold increase in

Are I-T Forms Saral!

Posted by Mahesh Kapasi 24 April 2009 5451 Views

Are I-T Forms Saral!The Forms for Income Tax at present are most complicated to fill in for most taxpayers -it requires assistance from Chartered Accountants / tax practioners and TRP etc. One page, Saral Form for all tax payers must be re-introduced