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Articles by Suresh Thiyagarajan

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Treatment of Notional Loss on account of Mark-to-Market

  Suresh Thiyagarajan    22 October 2019 at 11:02

Before going into the concept of notional loss arising out of Mark-to-Market on forward contract, let's brush up some important basic definitions relating to the above treatment.

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Posted in Income Tax  6 comments |   21864 Views


Analysis of Sec 115BAA of the Income Tax Act

  Suresh Thiyagarajan    17 October 2019 at 11:41

With the introduction of sec 115BAA, domestic companies who are paying tax at the rate of 25% (or 30%) now have an option to pay tax at a lower rate through sec 115BAA. Any person who had opted for sec 115BAA being a domestic company will pay tax at the rate of 22% on its total income irrespective of its turnover during the previous year.

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Posted in Income Tax  6 comments |   59349 Views


Salary received by NRIs

  Suresh Thiyagarajan    29 July 2019 at 11:21

TDS u/s 192 in case of Non-Resident IndianIt is very common for Indians to work abroad and receive a salary from a foreign company. However, there is still a co..

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Posted in Income Tax  4 comments |   9240 Views


Set off loss under the head capital gains

  Suresh Thiyagarajan    29 July 2019 at 11:11

After the introduction of sec 112A, it is important for the assessee to know the various provisions and rules attac

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Posted in Income Tax  10 comments |   10911 Views


Notional income in case of real estate companies

  Suresh Thiyagarajan    25 July 2019 at 12:25

Income from unsold flats by Real Estate Companies:We all know at any point in time companies engaged in the business of construction of residential house proper..

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Posted in Income Tax  20 comments |   12330 Views


Simultaneous use of Sec 44AD and Sec 44ADA

  Suresh Thiyagarajan    19 July 2019 at 12:05

Though we have seen a lot of interpretations regarding simultaneous use of sec 44AD(relating to business) and sec 44ADA (relating to profession specified u/s 44..

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Posted in Income Tax  14 comments |   20127 Views


Confusion between goodwill of profession vs business

  Suresh Thiyagarajan    04 July 2019 at 11:29

Sale of Goodwill and its taxability:Goodwill, the name in itself gives us an idea that it is a reputation that was built through business over a period of time...

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Posted in Income Tax  5 comments |   21327 Views


Income from House property of Non-Resident

  Suresh Thiyagarajan    03 July 2019 at 11:26

Tax on Income from House property of Non-resident:It is very common for Indian's living abroad to own a house property in It is It is very common for Indian

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Posted in Income Tax  6 comments |   8124 Views


TDS under Sec 194-IA

  Suresh Thiyagarajan    02 July 2019 at 10:58

TDS u/s 194-IA relating to Transfer of Immovable Property(IP): The above section requires the transferee (person who purchases the IP) to deduct TDS @1% u/s 194..

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Posted in Income Tax  3 comments |   11763 Views


Foreign Company - Set off and Carry forward of business loss

  Suresh Thiyagarajan    02 July 2019 at 10:58

Whether set off and carry forward provision applicable to Foreign Company?With the globalization of companies around the world, it is important for the governme..

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Posted in Income Tax |   5496 Views