Articles by CA Vinay parmar

How to Save tax on Salary and increase the home take salary?

Posted by CA Vinay parmar 08 July 2013 204184 Views

Hello everyone we all face the common situation as to how to plan for the salary every year and how to reduce tax on it and increase our home take salary. Well the people from the Acco

Summary on Transfer Pricing

Posted by CA Vinay parmar 05 July 2013 102211 Views

Summary on Transfer Pricing 1) Introduction :- Transfer pricing was introduced basically to curb the tax evasion practices followed by many Multinational Groups having presence in India. These Multinational Groups normally transfer their taxable pr

All about HUF its creation and tax benefit

Posted by CA Vinay parmar 03 July 2013 130083 Views

A HUF is a separate entity for taxation under the provisions of S.2 (31) of the Income Tax Act, 1961. This is in addition to an individual as a separate taxable entity. This indicates that a person may be assessed in two different capacities- as an

Analysis of 20:80 scheme by builders

Posted by CA Vinay parmar 02 July 2013 24229 Views

You all know that sales of residential property are down in every city, the slow down in sales and liquidity problem has forced the all over developers to come with such kind of scheme that can lure the buyer's/ Investors etc and here they are

Summary on section 54 exemption - capital gain with case law

Posted by CA Vinay parmar 01 July 2013 204555 Views

All about Capital Gain exemption under section 54 & 54 F and its applicability under various circumstances:- If an individual transfers any long term capital asset and plans to reinvest the sale proceeds in a new residential house property the

MSME Benefit for Manufacturing & Service Unit

Posted by CA Vinay parmar 27 June 2013 33774 Views

Hello Freinds, today i would like to share with you the various benefits which are available to Manufacturing Unit & Service Unit from the State government & Central Government. But unfortunately most of us are not aware of this subsidiaries

Comparison Of Old Audit Report Format With SA 700(Revised)

Posted by CA Vinay parmar 22 June 2013 79272 Views

Hello, Everyone, as we all know Audit period has started and we all are busy in Auditing and Finalization work and this time we all have to prepare Audit Report in a Revised Format. While going through the Revised format and the Old Format, I have

Sec 54 benefit: Exchange of Old Flat under redevelopment

Posted by CA Vinay parmar 20 June 2013 18726 Views

Hello Friends, there are many Redevelopment of Buildings cases are coming up and thus would like to write an Article on the above, wherein Old Flats are Exchange with New Flats along with cash or other consideration under the Redevelopment Agreement