Articles by CA Prashant Gupta

A Quick glance on Exemption from Capital Gain

Posted by CA Prashant Gupta 25 January 2013 43545 Views

People gets money when sell property, BUT, they also get tension when they come to know that this money brings a big Capital Gain tax on them. Income tax gives some exemptions from this capital gain. I

Investment in Equity-some points to see

Posted by CA Prashant Gupta 19 January 2013 7449 Views

BSE Sensex toched the magic mark of 20000 on Tuesday 15th January 2013. Expectations with the market is increasing. Normal man is thinking to make it as an asset to earn profit. But it is not the market in whi

A Small Note on Related Party Disclosure

Posted by CA Prashant Gupta 17 January 2013 91491 Views

A Small Note on Related Party Disclosure Sometimes relation between two or more enterprises effects the arm length price transactions between them. To know the effect of this relation on financial statement, one must know this relation. For this p

Rajiv Gandhi equity saving scheme sec 80CCG

Posted by CA Prashant Gupta 03 July 2012 192556 Views

Finance Act 2012 has inserted a new section 80 CCG, This will be applicable for the A.Y. 2013-14. Following conditions must be fulfilled to claim this deduction: i. The gross total income of the assessee for the relevant Assessm

Tax Havens- An overview

Posted by CA Prashant Gupta 07 May 2010 17439 Views

Tax Havens- An overview A tax haven is a country or territory where certain taxes are levied at a low rate or not at all. Individuals and/or corporate entities can find it attractive to move themselves to areas with reduced or nil taxation levels.

RTI Act 2005- An Overview

Posted by CA Prashant Gupta 05 May 2010 19658 Views

RTI Act 2005- An Overview Freedom of information is a fundamental human right and… the touchstone of all the freedoms to which the United Nations (UN) is consecrated. Resolution 59(1) adopted by United Nations General Assembly in its first

How to become Perfect

Posted by CA Prashant Gupta 22 February 2010 20342 Views

How to become Perfect There is a joke “Practice makes a man perfect and No body is perfect so why practice.” True I agree but I say why can't we act or show for sometime that we are perfect. There is no problem in it. Why can&rsquo

Sec 195- TDS on NRI

Posted by CA Prashant Gupta 08 February 2010 333466 Views

Sec195- TDS on NRI Sec 195- though its heading is ‘other sums’ it deals with payment to NRIs other then Salary income. According to Sec 195 when payment is credited or paid to any NRI for interest or other sum excluding Salary is liabl

Carbon trading-business for saving environment

Posted by CA Prashant Gupta 29 January 2010 14362 Views

Carbon Trading- Business for saving environment Carbon Trading is a platform where Carbon credits can be sold and purchased. This concept arises as part of Kyoto Protocol. Carbon Credits are measured in units of Certified Emission Reductions (CERs).

Transfer Pricing

Posted by CA Prashant Gupta 28 January 2010 23228 Views

Transfer Pricing Sometime an Indian company can associated with a foreign company which is situated in other country. Indian company can purchase on high price or sale it on lower price to shift its profit. In this way a part of profit is transferre