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Taxation Articles


Micro Finance Institutions-some issues

  Sivadas Chettur   04 March 2010 at 23:27

Accounting and Taxation issues of Micro Finance Institutions. WHAT IS MICRO FINANCE? ..


Posted in Taxation |   3584 Views


Budget 2010 Income Tax

  Mahesh Kapasi   01 March 2010 at 15:11

www.caclubindia.com/homepage/maheshkapasi MAHESH KAPASI E-Mail: maheshkapasi49@gmail.com Chartered Accountant ..


Posted in Taxation |   3358 Views


UNCERTAINTY OVER ROLLOUT OF GST

  Amit    19 February 2010 at 00:12

UNCERTAINTY OVER ROLLOUT OF GST Amit P. Yawalkar, Trainee, MRM ASSOCIATES Practicing Company Secretaries Student Company Secretary INTRODUCTION: Goods and service tax (GST) is a new tax regime which is going to restructure the laws of Ind ..


Posted in Taxation |   3134 Views


Reassessement under Income Tax Act

  AMIT BAJAJ ADVOCATE   03 February 2010 at 18:56

The power of assessement or reassessement of any income chargable to tax that have escaped assessement has been provided under secton 147 r w s 148 of Income Tax Act of 1961.If the assessing officer has the reason to believe that any income chargaba ..


Posted in Taxation |   3944 Views


SURVEY UNDER SECTION 133 A OF INCOME TAX ACT 1961

  AMIT BAJAJ ADVOCATE   31 January 2010 at 22:57

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 133A and 133B. The provisions contained in section 133A are independent a ..


Posted in Taxation |   4980 Views


Use of section 144A

  AMIT BAJAJ ADVOCATE   31 January 2010 at 22:57

USE OF SECTION 144A OF INCOME TAX ACT 1961Assesements under Income Tax Act 1961 are made U/S 143, 144, 147, 153. The criterias for selection of cases for scrutiny has been increased. While making the assessement the assessing officer has to apperici ..


Posted in Taxation |   2959 Views


iregularities in VAT Deptt at Punjab

  AMIT BAJAJ ADVOCATE   30 January 2010 at 23:30

Rules of natural justice are important part of fundamental rights as enshirined in our constitution. Rules of natural justice means fair play in action i.e. to save the citizens from arbitrariness in administrative or quasi judicial action. Rules of ..


Posted in Taxation |   2529 Views


VALIDITY OF ASSTT. NOTICES UNDER PVAT ACT RECENTLY ISSUED

  AMIT BAJAJ ADVOCATE   30 January 2010 at 23:30

The VAT Department in Punjab has started issuing the notices for assessements for the year 2005-2006 under section 29 of Punjab Value Added Tax Act 2005 to the dealers across the state. The notices u/s 29 of PVAT Act 2005 can be issued within 3 year ..


Posted in Taxation |   2321 Views


INEVITABLE DELAY

  Raj Kumar Makkad   11 January 2010 at 16:11

Given the complexity involved in conceptualising and implementing the Goods and Services Tax (GST), it is becoming clearer by the day that the scheme cannot be introduced by April 1, 2010, as originally proposed. An overwhelming majority of States ha ..


Posted in Taxation |   2776 Views


Important Case law on Section 54 F of Income Tax Act

  Raj Kumar Makkad   22 December 2009 at 17:04

Section 54F of the Income-tax Act, 1961 - Capital gains - Exemption of, in case of investment in residential house - Assessment year 1986-87 - Whether section 54F emphasizes construction of residential house and such construction must be real one and ..


Posted in Taxation  2 comments |   21418 Views