Popular Articles

Taxability of Gifts: Sec 56(2)(X) of IT Act, 1961

CA Santhosh Gupta Kethepalli 21 September 2020 at 09:41

To prevent the practice of receiving a sum of money or the property without consideration or for inadequate consideration, section 56(2)(x) brings to tax any sum of money or the value of any property received by any person without consideration or the value of any property received for inadequate consideration.

Union Budget 2014 - Part II

CA.Hanumantha Reddy 21 July 2014 at 11:44

UNION BUDGET 2014-15Direct Taxes No change in corporate tax rate. No change in surcharge for all taxpayers Education cess remains same for all taxpayers. Insertion of new clause with effect from 01.10.2014 section 2(13A) Business Trus

Form 26AS How to view and download on TRACES Portal?

CCI Team 23 April 2020 at 18:02

Form 26AS is a tax credit statement maintained by the Department of Income Tax. Form 26AS can viewed and downloaded on the TRACES Portal

Interview with tax audit report petitioners

CA Sudhir Halakhandi 11 September 2014 at 10:36

The Mid-year introduction of New formats of Tax audit reports and further extension of date of Tax audit report without extendin

ISCA mnemonic words - Chapter-1 Balance questions

Parag Sambhaji Shinde 30 September 2016 at 10:52

Dear friends, Here are the balance mnemonic words for the CHAPTER -1 of ISCA

PCC Auditing some tips

CA Swapnil 20 May 2009 at 01:19

Friends,I have cleared PCC in nov-08 (audit -70).i would like to share some tips regarding auditing with you which might help....1)Read all AAS thoroughly.Remember the names of AAS.(a question on a name of AAS & its corresponding number was asked

Ten Study Tips to accelerate you towards the aim->>

CA. Dashrath Maheshwari 15 April 2008 at 17:46

Ten Study Tips :There are as many different ways to study as there are different people. The following is a list of tips that have worked best for the greatest number of people. Some of them may work for you, some of them won't, but try them all and

How to do 'GST impact study' of a Small and Medium Enterprise

Nagendra Hegde 24 March 2017 at 11:06

Approach towards GST impact study

No Krishi Kalyan Cess on debtors as on 13th May 2016 - Part 2

CA Raman Singla 02 June 2016 at 10:33

The enabling provisions for KRISHI KALYAN CESS (KKC) are contained in Chapter � VI of Finance Act� 2016. As per the provisions, KKC shall be applicable at 0.5% on all taxable services and the proceeds of KKC would be exclusively used for

Do companies consider these factors to declare dividend?

Amitav Ganguly 03 July 2015 at 10:59

DO COMPANIES CONSIDER THESE FACTORS TO DECLARE DIVIDEND? BackgroundDividend strategy of a company, more particularly which is widely held, should be such that the needs for funds within the company are satisfied and also the reasonable expectations o