Articles by Gaurav Jain

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Some unanswered thoughts on General Anti-Avoidance Rules

Posted by Gaurav Jain 22 February 2018 8028 Views

Some unanswered thoughts on General Anti-Avoidance Rules

Notable Changes in Form 15CA and 15CB

Posted by Gaurav Jain 18 December 2015 102308 Views

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

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

Posted by Gaurav Jain 26 June 2015 34967 Views

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

Note on Income Computation and Disclosure Standards (ICDS)

Posted by Gaurav Jain 09 May 2015 107218 Views

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

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

Posted by Gaurav Jain 09 May 2015 72783 Views

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

CSR - Income Tax Decoding

Posted by Gaurav Jain 19 September 2014 51979 Views

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

Recent amendments for Electoral trusts

Posted by Gaurav Jain 26 April 2013 17714 Views

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