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Carbon Credit : 8 Frequently Asked Questions ! 26 Aug 2013 | 07:28 pm
Carbon credits is the outcome of the Kyoto Protocol to the United Nations Framework Convention on Climate Change (UNFCCC) which is an international treaty that sets binding obligations on industrialis...
No TDS on Service Tax Part of Professional or Technical Fee ! 26 Aug 2013 | 01:02 pm
There was a raging controversy about TDS on the service tax component of any bill pertaining to rent or professional or technical job wherein two legal liability of TDS as well as service tax is appl...
Keralites Can Form HUF Out Side Kerala ! 25 Aug 2013 | 09:31 pm
The HUF concept is not valid in the state of Kerala after the government of Kerala enacted Joint Hindu Family System (Abolition) Act, 1975 . The Supreme Court in the case ofCIT v.N. Ramanatha Reddiar ...
Section 206AA Doesn’t Affect DTAA Tax Rate ! 24 Aug 2013 | 06:53 pm
Section 206AA of the Income Tax Act applicable on all assessees -both resident and non-resident -provides that maximum rate of tax or 20% which ever is more shall be the rate of deduction of tax if th...
Use of Tax Loophole Caught,Yet ITAT Could Not Stop it ! 22 Aug 2013 | 11:27 pm
When there is no tax loop hole law , the judicial authority can’t help executives. This case law , discussed in this post is an eye-opener for legislature to bring in the provisions devoid of loophole...
Tax Audit Report Can be Signed on 30Th September ! 20 Aug 2013 | 08:39 pm
The specified date for filing tax return u/s 139(1) for those assessees who have to obtain tax audit under section 44AB is 30th September. This quick post is on one little technical issue related to t...
Unclaimed Deduction or Exemption Came to Light during Scrutiny Proceeding. What Should You Do? 18 Aug 2013 | 10:07 pm
Sometime a tax payer or tax practioner may discover during the scrutiny proceeding, either himself or on examination by the assessing officer that total income declared is more than what it should ...
Business Turnover : What to Deduct & What Not ? 17 Aug 2013 | 05:37 pm
The computation of turnover is important for any business , because two major provisions under Income Tax Act apply on the basis of turnover of business. For example , if a business is having turnover...
Jurisdiction Transfer After Receiving Scrutiny Notice :What You Must Know? 16 Aug 2013 | 11:36 am
It happens so that for many reasons you need to get your file transferred from one A.O to another .One of the situation is that you want to get your case transferred from the A.O who has served notice...
Capital Gain Tax Exemption : Not Dependent on Source of Investment 16 Aug 2013 | 07:16 am
Capital gain tax exemption is now a bit easier! Under income tax law, a tax payer can save on capital gain tax on sale of a long term capital asset by claiming exemption under section 54 or section 54...
