Popular Articles

Corporate Governance - the consequences of non-adherence

Durga Rao 13 April 2009 at 14:35

We often hear about “Corporate Governance” while referring to some misdeed in some big listed Public Company. We refer the term “Corp..

Introduction to Service Tax Legislation

Member (Account Deleted) 18 November 2011 at 12:29

I. CONSTITUTIONAL BACKGROUND Article 265 of the Constitution of India read as: "No tax shall be levied or collected except by authority of law" This implies that the Government (whether central or State) can levy tax o

Section 80EEB of Income Tax Act: Interest on Electric Vehicle

CA Piyush Agarwal 22 November 2021 at 09:42

A new section 80EEB of Income Tax Act, 1961 has been introduced allowing a deduction for interest paid on loan taken for the purchase of electric vehicles from the AY 2020-21.

Systems of Taxing income - An Overview

taxindiaconnect 03 June 2010 at 13:24

The Hon’ble Mumbai Branch of ITAT ( The ITAT Mumbai) in the case of Ashapura Minichem Limited VS Assistant Director of Income Tax Mumbai has analyzed the various concepts / principle of determining the taxation of income prevailing worldwide.

Section 71: Inter Head Set-Off Of Losses

Ritik Chopra 19 April 2021 at 13:36

A loss which could not be set off within the same head of income shall be allowed to be set off out of the income of any other head in the same AY, but subject to certain exceptions.

Transformation of Tax System

Madhukar N Hiregange 20 January 2014 at 12:48

Transformation of Tax Systems in India- We can definitely make a difference The recent elections results in Delhi indicate the disenchantment with the present regime. The promise of ending corruption has encouraged the youth mainly as

Union Budget 2016: Important changes in Excise & Customs effective from April 1, 2016

Bimal Jain 04 April 2016 at 11:14

Affirming that the economy is right on track, the Hon�ble Finance Minister Shri. Arun Jaitley presented the Union Budget for 20

How to control our anger

CA Jahanvi Trivedi 18 October 2011 at 11:53

Often we hear the news of suicides by people for various reasons. Many growing youths commit suicide for the reasons of failures in their exams, love, etc. what are the reasons behind this. Really a failure in exam or love