Articles by Tony John

Interest u/s 234A, 234B and 234C

Posted by Tony John 25 May 2024 2539028 Views

Interest u/s 234A, 234B and 234C. Know how much interest required to be paid if delay in filing of tax returns, delay in payment of Advance Tax and deferment of Advance Tax.

Taxation of Association of Persons

Posted by Tony John 01 March 2019 178952 Views

The income tax Act prescribes a specific mode for calculation of income and taxability in the case of Association of Persons.Let's first discuss what is an Association of Persons.An association of persons means an association in which two or m

Taxability of Aggregator service

Posted by Tony John 02 September 2017 8827 Views

Discussion on definition and taxability of Aggregator service

Understanding a few share price charts

Posted by Tony John 23 August 2017 5066 Views

Discussion on Double top and double bottom share price charts

Understanding Block deals and Bulk deals in stock market

Posted by Tony John 19 August 2017 4609 Views

Discussion on Block deals and Bulk deals in stock market

A guide on Section 44ADA for professionals

Posted by Tony John 14 August 2017 100656 Views

Provisions of Section 44ADA explained with illustration

Decoding the Google Tax

Posted by Tony John 06 June 2016 11746 Views

What is Google TaxThe central government is set to impose an �Equalisation Levy� of 6% on cross-border digital transactions whose value exceeds Rs 1 lakh. Popularly called the �Google tax�, this is an indirect tax on foreign c

Taxability of salaried individuals

Posted by Tony John 31 May 2016 13653 Views

SALARY AND TAXABILITY What is previous year?Previous year means financial year starting from 01 April and ending on 31st March. Eg. The current previous year is 2015-2016. What is Assessment Year?Every previous year shall have an assessment year. A

CARO 2015: A Student's Guide

Posted by Tony John 18 January 2016 6774 Views

Section 143(11) of the Companies Act, 2013 states that the Central Government may order for the inclusion of a statement on specified matters in the Auditor�s Report for specified class or description of companies. Hence CARO 2015 has been issu

Scrutiny Assessment under Income Tax Law: A Student's Guide

Posted by Tony John 09 January 2016 33437 Views

SCRUTINY ASSESSMENTS The Income Tax Act contains provisions regarding comprehensive scrutiny in Section 143. In simple terms scrutiny assessment is a detailed examination of the return of income filed by the assessee to check whether: Income has bee