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Taxation Articles


Idea to replace all taxes with Banking Transaction Tax

  Anil Kr Garg   20 January 2014 at 11:30

In prelude to General Elections, several radical ideas are being circulated. Baba Ramdev is believed to have propounded this idea, supported by Gadkari and finally, endorsed by Modi, though they have not committed to it as yet. Let us examine the me ..


Posted in Taxation  4 comments |   2930 Views


Black Money Minus Corruption is Benign: Counter Point

  Anil Kr Garg   20 January 2014 at 11:30

Suddenly, it has become fashionable in India to talk about black money and behave as if it is the root cause of all problems and we all will become prosperous no sooner black money is put to tax net within the control of our dear government which ha ..


Posted in Taxation  1 comments |   1751 Views


Service Tax on Air Conditioned Restaurants

  Mahesh V.P.   26 December 2013 at 13:44

Last time when you had visited an air-conditioned restaurant did you notice 4.94% service tax on your food bill apart from the local VAT charges? Well with effect from 1st April 2013 Service Tax is applicable on sale or supply of food stuff in air- ..


Posted in Taxation  6 comments |   16372 Views


The Reality about Realty !!

  Saurabh Bajaj   05 December 2013 at 17:30

Trust me Sir, real estate will always give you best returns. The prices cannot go down and you will be double your money in 3 years. I think you should book this flat. said Kunjan Srivastav, a seasoned real estate broker to his potenti ..


Posted in Taxation  30 comments |   2516 Views


Transfer Pricing: An Overview

  Grayscale   03 August 2013 at 12:33

INTRODUCTION Increasing participation of multinational groups in economic activities in India has given rise to new and complex issue emerging from transactions entered into between two or more enterprise belonging to same group. Hence th ..


Posted in Taxation  1 comments |   3546 Views


Financial Planning for Beginners

  Saurabh Bajaj   10 June 2013 at 11:40

June is the month, when many campus recruits start with their first job. Sameer Dahane was one of them. While he was excited of a new role, he was equally eager to get his salary so that he can splurge it. On a casual tea-time discussion with Kapil, ..


Posted in Taxation  2 comments |   4276 Views


Nitty-Gritty of Income Tax

  Pranab Roy Chowdhury   16 May 2013 at 11:06

I , have come across with numerous questions from various level of people who have some or other kind of questions related to their Income Tax matter, in this article I would try to list most commonly or frequently asked questions and try to p ..


Posted in Taxation  10 comments |   3799 Views


Right of Appeal

  v. srikanth   31 October 2012 at 10:49

At present, most of the sales tax/value added tax enactments have a provision which requires an assessee to deposit the entire amount of tax or a portion of the disputed tax, as an admission fee before filing appeal. An assessee, th ..


Posted in Taxation  4 comments |   2631 Views


Do We really Understand the meaning of Risk?

  Saurabh Bajaj   04 August 2012 at 11:55

The other day, I was talking to a friend of mine, Sunil (name changed), when he told me that he is looking for a good life insurance policy for his father, who is 65 years old. Sunil also said that most of the policies do not cover his father and ..


Posted in Taxation  2 comments |   2068 Views


Why is Insurance Mis-Sold in India ?

  Saurabh Bajaj   12 July 2012 at 11:54

Come on !! If you are a really good friend of mine, you ought to buy a life insurance policy from me Sounds Familiar ?? How many times we keep hearing this argument from a close friend (?) or a relative to buy an insurance policy fro ..


Posted in Taxation  4 comments |   2355 Views