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Taxation Articles


FAQ on Form 26AS

  rahul   25 June 2009 at 16:54

What is Form 26AS?Form 26AS is a consolidated tax statement issued under Rule 31 AB of Income Tax Rules to PAN holders. This statement, with respect to a financial year, will include details of:a) tax deducted at source (TDS);b) tax collected at sour ..


Posted in Taxation |   2508 Views


FAQ e-TAX Payment

  jyoti    18 June 2009 at 11:44

FAQ e-TAX Payment What is e-payment of taxes? This is a facility provided to the taxpayers to make income tax payments through internet, using net-banking facility. How can I use this facility to pay income tax? You can use the facility if - a) You ..


Posted in Taxation |   3137 Views


RULE 6(3) OF CENVAT CREDIT RULES – A BOON OR BANE TO EXEMPT

  K.Prakash Babu   16 June 2009 at 18:07

RULE 6(3) OF CENVAT CREDIT RULES – A BOON OR BANE TO EXEMPT GOODS MANUFACTURERSByK.Prakash Babu, Advocate/ConsultantAkasam consulting pvt. Ltd, Hyderabad * * *A manufacturer or an excise gentleman can just travel down the memory lane and fee ..


Posted in Taxation |   12361 Views


Sabji Masala !

  Swami Sadashiva Brahmendra Sar   11 June 2009 at 13:17

In the case of M/s A.P.Products v. State of Andhra Pradesh and others, JT 2007 (9) SC 58. the Apex Court after considering various decisions on the issue as to what is processing and what is manufacturing, has held that the ingredients which are used ..


Posted in Taxation |   1701 Views


Literature Search, a Crucial Step in IP New Generation

  Iftikhar Ahsan   14 May 2009 at 20:50

Recently I was discussing with my friends and colleagues that what are different means to get the chemical structure of a compound searched using various data bases especially in those cases where we don’t know the molecular formula or substruc ..


Posted in Taxation |   1581 Views


THE QUESTION OF SUBSTANTIAL QUESTION OF LAW SUBSTANTIATED

  Saswat Acharya   03 May 2009 at 21:46

THE QUESTION OF SUBSTANTIAL QUESTION OF LAW SUBSTANTIATED In Hero Vinoth v. Seshammal (AIR 2006 SC 2234), it was laid down that a question of law having a material bearing on the decision of the case (that is, a question, answer to which affects th ..


Posted in Taxation |   9508 Views


Taxation in India

  Rajendran Nallusamy   19 March 2009 at 13:43

Taxation in IndiaBy Divya Prasad India's tax collection structure is well divided and the central government, state governments and local bodies are responsible for it. The union governments collect income tax, central excise and service tax while th ..


Posted in Taxation |   2063 Views


Even a Contractor is a Developer for purposes of s. 80-IA(4)

  ravidevaraj   13 March 2009 at 15:12

Om Metals Infraprojects vs. CIT (ITAT Jaipur) Where the assessee entered into an agreement with the Vidharbha Irrigation department for supply, erection and installation of dam gates and the question arose whether it was “developing an infrastructura ..


Posted in Taxation |   2715 Views


Tax implications of employee secondment contracts

  ravidevaraj   13 March 2009 at 15:07

 Where the assessee entered into a ‘secondment agreement’ with a US Company and obtained the services of an employee and the question arose whether the reimbursement by the assessee to the US Company of the salary paid by the US Company was chargeabl ..


Posted in Taxation |   3815 Views


Reopening notice even if served after limitation period is valid.

  ravidevaraj   06 March 2009 at 10:18

Where the AO issued a notice under section 147 of the Act and also tried to serve it on the assessee within the limitation period of six years but the assessee claimed that same was served only after the expiry of the limitation period and the ques ..


Posted in Taxation |   1613 Views