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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.



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.



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..



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



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..



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..



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...



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



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..



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..