Articles by CA Paras Dawar
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Analysis of draft rules for grant of Foreign Tax Credit
Computation of Foreign Tax Credit (�FTC�) in case of assessee�s with cross border tax payments has been a major hassle for tax professionals. Absence of well-defined set of rules, coupled with few judicial precedents had resulted in
Income Tax implications on conversion of a Company into LLP
The onset of Companies Act 2013 has ushered a paradigm shift in operation and management of companies. The benefits which, hitherto were available to Private Companies in the erstwhile Comp
Order u/s 147 without disposing objections to be quashed
Reassessment order u/s 147 without first disposing off the preliminary objections raised by the assessee can not be sustained and is this liable to be quashedSupreme Court in GKN Driveshafts (India) Ltd. vs. ITO & Ors. (2003) 259 ITR 19 had dev
Deduction u/s 24(b), HRA exemption & interest capitalisation
Assessee claim deduction of Interest on Housing Loan to acquire house property u/s 24(b) and simultaneously HRA exemption on rent paid (if he resides in property other than acquired). Further upon sale of said property, interest already claimed as de
Reasons for notice u/s 148 before filing of return u/s 148
Assessee Can Claim Reasons For Issue Of Notice U/S 148 Before Filing Of Return U/S 148.Section 148 of the Income Tax Act, 1961 is possibly the most belligerent combat tank in the armory of Income Tax Department. This tank has been further strengthene
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