Articles by CA Paras Dawar

Deduction u/s 24(b), HRA exemption & interest capitalisation

Posted by CA Paras Dawar 27 July 2020 53812 Views

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

Analysis of draft rules for grant of Foreign Tax Credit

Posted by CA Paras Dawar 20 April 2016 6456 Views

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

Posted by CA Paras Dawar 24 September 2014 18005 Views

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

Posted by CA Paras Dawar 12 September 2014 18645 Views

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

Reasons for notice u/s 148 before filing of return u/s 148

Posted by CA Paras Dawar 01 September 2014 62866 Views

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