Articles by Rahul Ramesh

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Advance Rulings

Posted by Rahul Ramesh 25 May 2011 47428 Views

Chapter XIX B of the Income Tax Act 1956 deals with Advance Rulings. Authority for Advanced Rulings is constituted under section 245O by the Central Government for giving advance rulings. The authority shall consist of a Chairman and two

Section 194B

Posted by Rahul Ramesh 06 December 2010 148615 Views

Section 194B TDS on Winnings from Lottery According to section 194B of the Income Tax Act 1956, The person responsible for paying to any person any income by way of winnings from lottery or crossword puzzle or card game and other ga

Section 194 - An Aerial View

Posted by Rahul Ramesh 10 February 2010 49998 Views

Section 194 of the Income Tax Act, 1961 deals with the deduction of tax at source on payment of dividends by any domestic company. When an Indian company or a company which has made prescribed arrangement for declaration and payment of d

WEALTH TAX AT A GLANCE

Posted by Rahul Ramesh 07 December 2009 33317 Views

WEALTH TAX AT A GLANCE Wealth Tax Act came into force on 1st April 1957. It is applicable to the whole of India. Under this Act tax is charged at the rate of 1% on the amount by which the net wealth of the assessee exceeds rupees fifteen lakhs on th