Popular Articles

Indirect Tax Impact - Tax Audit - AY 14-15

Madhukar N Hiregange 16 August 2014 at 11:52

Tax Audit Under IT Act. for AY 14-15 Indirect Tax ComplianceCA Madhukar N Hiregange & CA Roopa Nayak The tax audit under Income Tax has undergone a change. There are already a number of compliances which professionals felt was asking for

Penalties under the Income Tax Act

Neha Yadav 16 June 2011 at 11:50

PENALTIES UNDER THE INCOME-TAX ACT For non-compliance with the different provisions of our Income Tax Act, Section 140A, 143(1A), 221 and 271 to 275 give the reference to levy penalty on a assessee. An assessee might be prosecuted for his comply wit

TDS on Salary for F.Y.2020-21

CA Umesh Sharma 28 April 2020 at 10:32

As per the official notification of the CBDT it is mandatory for an employee to intimate his employee if he is opting for the concessional tax rates under the new tax regime for the purpose of TDS deduction on salary.

Section 194M - TDS on payment to resident contractors and professionals

CA Piyush Agarwal 28 January 2020 at 10:38

Reason for introduction of Section 194M This section was introduced for the purpose to cover some specified high value transactions in personal nature under TDS which was previously excluded from TDS provisions.

About New ITRs for A Y 2013-14

CA Pardeep Chanana 10 May 2013 at 13:18

Form & mode of filling of Income Tax Return for A Y 2013-14 Relevant Sections of Income Tax Act, 1961:- 139(1), 139(3), 139(4A), 139(4B), 139(4C), 139(4D), 142(1), 148(1), 153A All Applicable Return Forms for A Y 2013-14:- ITR 1 (SAHAJ)

FAQ on tax on income from share market

Manish Kumar Agarwal 29 April 2015 at 10:48

Income from intra-day trading is considered as speculation income and taxed as such. While speculation losses can be set off only against speculation gains, non-speculation business losses may be set off against short/long-term capital gains. KEY POI

Brief overview of secretarial standards SS1 and SS2

Rohit Jain 14 May 2015 at 11:01

The Institute of Company Secretaries of India is a statutory body in India to regulate the profession of Company Secretaries. From a start as a small body, the institute has grown to be a large professional body. Members of the Institute are playing

Service Tax on Renting

Deepak Gupta 10 July 2012 at 12:55

Chronological legal history of provisions relating to service tax on renting of immovable propertyA. 01.06.2007 by Finance Act, 2007Section 65 (90a)Renting of Immovable Property includes renting, letting, leasing, licensing, or other similar arrangem

Capital Gains summary-specially for CA Final

POOJA CHANDAK 03 August 2013 at 08:46

CAPITAL GAINS Applicable for A.Y.2013-14 Today very few people might have not known the word Capital Gains Tax. Section 45 of the Income Tax Act, 1961 deals with taxability of capital gains. Section 45 says that any profits & gains arising fro

My Tips & Tricks for Auditing

CA Madhukiran Reddy 10 March 2011 at 10:50

MY TRIPS AND TRICKS FOR AUDITING Friends, I am very happy that we completed our study schedule for all the subjects in group-I of IPCC. All of your comments to my previous tips and tricks for self study articles are encouraging me