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Taxation Articles


Employer not required to check proof when deducting TDS u/s 192

  ravidevaraj   05 March 2009 at 22:18

CIT vs. ITI Ltd (Supreme Court) Where the assessee-employer allowed the employees the benefit of deduction under section 10 (5) of the Act without collecting evidence to show that its employees had actually utilized the amounts paid towards Leave Tra ..


Posted in Taxation |   2017 Views


Even an Indian company can claim the benefits of non-discrimination under the DTAA

  ravidevaraj   03 March 2009 at 11:44

Even an Indian company can claim the benefits of non-discrimination under the DTAAWhere the assessee was an Indian company and more than 51% of its equity share capital was held by a German company (Daimler Benz AG) and pursuant to an offshore merge ..


Posted in Taxation |   1709 Views


Interim Budget 2009

  Mahesh Kapasi   18 February 2009 at 22:35

MAHESH KAPASI & CO E-Mail: maheshkapasi49@gmail.comChartered Accountants Phone: 2686 8147B-49, Gulmohar Park, ..


Posted in Taxation |   1503 Views


VIEW TAX CREDIT AGAINST YOUR PAN

  S K R P GUPTA   12 February 2009 at 00:08

VIEW TAX CREDIT AGAINST YOUR PAN (PERMANENT ACCOUNT NUMBER) TIN (TAX INFORMATION NETWORK) facilitates a PAN holder to view its Annual Tax Statement (Form 26AS) online. Form 26AS contains Details of tax deducted on behalf of the taxpayer by deduct ..


Posted in Taxation |   2339 Views


FAQ ON PERMANENT ACCOUNT NUMBER

  S K R P GUPTA   12 February 2009 at 00:08

FAQ ON PAN (PERMANENT ACCOUNT NUMBER) What is PAN? Permanent Account Number (PAN) is a ten-digit alphanumeric identifier, issued by Income Tax Department. Each assessee (e.g. individual, firm, company etc.) is issued a unique PAN. Who can apply f ..


Posted in Taxation |   1634 Views


PAN (PERMANENT ACCOUNT NUMBER

  S K R P GUPTA   12 February 2009 at 00:08

 FAQ  ON  PAN (PERMANENT ACCOUNT NUMBER)  What is PAN? Permanent Account Number (PAN) is a ten-digit alphanumeric identifier, issued by Income Tax Department. Each assessee (e.g. individual, firm, company etc.) is issued a unique PAN. Who can apply f ..


Posted in Taxation |   3426 Views


utilization of cenvat credit

  Anuj Kumar Goel   03 February 2009 at 15:04

Method of determination of Cenvat Credit attributable to manufacturing of exempted goods and provision of exempted services - Rule 6(3A) of Cenvat Credit Rules 2004   Rule 6 of Cenva ..


Posted in Taxation |   3207 Views


Application of Income

  Abhishek   03 February 2009 at 12:35

“Taxes are the dues that we pay for the privileges of membership in an organized society” - - Franklin D. Roosevelt.IntroductionThere are certain fundamental concepts which play a very elementary role in the computation of income tax. One ..


Posted in Taxation |   2228 Views


TO SEZ OR NOT TO SEZ

  Abhishek   27 January 2009 at 19:15

IntroductionThe emergence of SEZs in a conservative society like India is aimed at changing the Indian outdated thinking and environment. India converted eight of its existing export processing zones into SEZs six years ago. An analysis of the zones& ..


Posted in Taxation |   2382 Views


~Overview of Fringe benefit tax ~

  Abhishek   23 January 2009 at 07:33

Introduction:Fringe Benefit Tax may seem new to India, but it's not a novel concept. This tax is already levied in the United States, the United Kingdom, Canada, Australia, New Zealand, Japan and some other nations.The fringe benefit tax rules propos ..


Posted in Taxation |   1869 Views