Articles by TKKKKKK

Residential status and foreign income tax treatment

Posted by TKKKKKK 18 August 2014 15775 Views

Hi friends,If you are individual and have foreign income. You must become aware of tax treatment of foreign income.In this article, I have explained how to determine residential status for individual and tax applicable as per residential status.Know

Rent Free accommodation and Taxation

Posted by TKKKKKK 20 December 2013 135207 Views

When employer provides employee facility of rent free accommodation. value of it is taxable as a perquisites in salary head of income tax.For calculating perquisites value taxpayer has to follow two steps.step 1: find out unfurnished accommodatio

How to reduce the stress for getting success?

Posted by TKKKKKK 22 July 2013 8988 Views

Friends, We all love success, dont we?? And we do lots of things to get it. Todays world is of competition. And in the race of getting success, sometimes we forget ourselves. Many become stressful, depressed and after g

Some lights on sec 44AA, 44AB, 44AD

Posted by TKKKKKK 29 June 2013 314784 Views

44AA: MAINTENANCE OF BOOKS OF ACCOUNTS WHO SHOULD MAINTAIN : If a person carrying on business / profession and income from such business/ profession has exceeded 1,20,000 in any of the three p.y. or current p.y. (for newly set up business) I

Income Tax Settlement Commission

Posted by TKKKKKK 07 June 2013 46565 Views

Tax Settlement Commission, a quasi judicial body, was set up under section 245B of Income-tax Act 1961. It has been set up as a result of recommendations made by Direct Taxes Enquiry Committee (Popularly known as W

Analysis of Service Tax on work contract

Posted by TKKKKKK 02 May 2021 298177 Views

Work contractor definition : Works contract, for the purposes of section 65(105)(zzzza), means a contract wherein,- (i) Transfer of property in goods involved in the execution of such contract is livable to tax as sale of goods, and (i