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TAXABILITY OF FEES FOR TECHNICAL SERVICES There was a controversy relating taxability of fees paid to Non Residents for technical services in India, Hon'ble Supreme court in Ishikawajma case...
The Finance Ministry has come out with "Saral-II", the new income tax returns form, that seeks to make tax filing easy on the assessee and gather information on TDS paid on salary and intere...
Finance minister Pranab Mukherjee presented Union Budget 2010-11 with total expenditure of Rs. 11,08,749 crores an increase of 8.6 percent over previous year.Fiscal deficit of ...
BUDGET 2010 WISH LIST By N. Avinashilingam, Chartered Accountant, Coimbatore The Government may announce a National Pension Fund. This Fund may b...
SURVEY UNDER SECTION 133 A OF INCOME TAX ACT 1961 Survey in a wider sense means to scrutinize or to inspect. The power of survey under the Income tax Act has been provided U/S 1...
REVERSE MORTGAGE- A STEP FORWARD In very simple words, mortgage is a transaction where a mortgagor takes a loan from a mortgagee, against a security. Thus, we can say that a mortgage is a transfer...
Effectiveness of environmental taxes Factories in China pump pollution into the air and waterways, without having to pay for the impact of their activity on the environment. Shoppers in Tokyo or N...
SPECIAL LEAVE PETITION MODUS OPERANDI 1.1 Under the Income Tax Act, there is an administrative and judicial hierarchy; therefore any judgment delivered by the higher authority would be binding...
NEW TAX CODE AND CORPORATE TAXATION. The new code attempts to change the methodology of taxation of business profits from the existing model where the taxable income is equal to business profits with...
NEW CODE AND THE INVESTORS Investment may be grouped under realty (house property), investment in bank deposits, Post office Small Saving Schemes, investment in Mutual Funds, investment in direct equ...
NEW CODE FOR SALRIAT In the previous chapter we studied the impact of proposed tax rates and concluded it is more in favour of the rich and not for middle income group. A similar view has also been e...
NEW TAX CODE – FAVOURING THE MILLIONAIRES AND BULLYING THE OTHERS. BY CA.N.VENKATESWARAN. DIRECT TAX CODE BILL, 2009 was unveiled by our Hon. Finance Minister on 12th August 2009 and has been place...
i express my views from the point of view of social responsiblity.The law should give exemption the savings made in the name of a child who is less than 1 year- 100 %----------------...
Direct tax code: Tax liability and you The direct tax code is a bit of a mixed bag for individuals, particularly the salaried class. Prima facie, the tax liability will reduce significantly as the...
The following are some salient features pertaining to the new Direct Tax Code proposed by the government, for which a draft and a discussion paper were released by Finance Minister Pranab Mukherjee....
Download eForms Approval Services (Headquarters) Description e-Form with Instruction kit e-Form Application to Central Government for modification in the matters to be stated in the company’...
In view of the circular no.11/2008 dated 19-12-2008 issued by the department of Income Tax to make certain changes with respect to taxation of certain assesses claming exemption under section 11 as ch...
Taxing an income earned by an assessee is lucid, but the income earned by his spouse or his minor child taxed in his hand?? Does not make sense. That’s exactly what the taxman mandates by the so-calle...
NEW RETURN FORMS FOR ASSESSMENT YEAR 2009-10 MATTERS CONNECTED THERETO CIRCULAR NO. 03 / 2009, DATED 21-5-2009 The Central Board of Direct Taxes have, vide notification S.O. No.866 (E...
Double Taxation Agreement between India & Mauritius Useful...
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