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Articles by Gaurav Jain

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Some unanswered thoughts on General Anti-Avoidance Rules

  Gaurav Jain    26 August 2017 at 14:02

Some unanswered thoughts on General Anti-Avoidance Rules

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Posted in Income Tax  2 comments |   7650 Views


Notable Changes in Form 15CA and 15CB

  Gaurav Jain    18 December 2015 at 15:13

The CBDT has amended Rule 37 BB of the Income-tax Rules and made notable changes which are as under:i. No Form 15CA and 15CB will be required to be furnished by an individual for remittance which do not requiring RBI approval under its LRS.ii. Furthe

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Posted in Income Tax  14 comments |   101829 Views


Key Changes in New ITRs and Eligibility - AY 2015-16 (FY 2014-15)

  Gaurav Jain    26 June 2015 at 10:29

The Rule 12 of the Income-tax Rules was amended vide Notification No. 41/2015, Dated 15-04-2015. The new ITR Forms 1, 2 and 4S were notified for the assessment year 2015-16 vide said notification.In view of various representations received it was ann

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Posted in Taxpayers  11 comments |   34608 Views


Note on Income Computation and Disclosure Standards (ICDS)

  Gaurav Jain    09 May 2015 at 11:52

INCOME COMPUTATION AND DISCLOSURE STANDARDS CBDT vide its Notification No: 32/2015 dated 31-03-2015 notified 10 Income Computation and Disclosure Standards (ICDS); which are to be followed at the time of computation of income chargeable to income ta

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Posted in Income Tax  5 comments |   103791 Views


Proposed changes in provisions for TDS u/s 194C for transporters

  Gaurav Jain    09 May 2015 at 11:52

Proposed amendment in the TDS provision u.s 194C applicable on payments to transporters vide Finance Bill, 2015 CURRENT SCENARIO:Under the existing provisions of sub section (6) of section 194C of the Income Tax Act, 1961, there is no deduction of ta

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Posted in Income Tax  24 comments |   71559 Views


CSR - Income Tax Decoding

  Gaurav Jain    19 September 2014 at 10:56

Note on CSR Expenditure The Companies Act, 2013 mandates that certain companies which have net worth of Rs. 500 crore or more turnover of Rs. 1,000 Crore or more or a net profit of Rs. 5 crore or more during any financial year are required to spend

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Posted in Income Tax  16 comments |   50937 Views


Recent amendments for Electoral trusts

  Gaurav Jain    26 April 2013 at 12:04

Note on Electoral Trust With an object to reform the system of funding to political parties , the Finance Act (No. 2), 2009 introduced a set of provisions (Section 13B) for the electoral trust under the Income Tax Act, 1961 (the Act). Sectio

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Posted in Income Tax  3 comments |   17352 Views