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Taxation Articles


Levy of additional tax (surcharge) on lump sumcontracts

  B.R. BHALLA, ADVOCATE   01 September 2014 at 10:50

LEVY OF ADDITIONAL TAX (SURCHARGE) ON LUMP SUMCONTRACTS� NOT A LAWFUL LEVY Following an order passed by the Haryana Tax Tribunal in the case of M/s Mahashiv Promoters (P) Ltd., Rohtak Vs. State of Haryana, reported at (2014) ..


Posted in Taxation  1 comments |   2140 Views


Extra Charges on Restaurant Bill

  Guest   13 June 2014 at 17:00

Have you ever noticed that when you go to a restaurant and place order; you calculate the expected bill amount in your mind: But when the bills comes it is more than you expectation. I am sure it happens with all of us. Have you ever considered why? ..


Posted in Taxation  19 comments |   4381 Views


Note on Judgement of Larsen & Tourbo Ltd. Vs. State of Karnataka

  Jaswinder   10 June 2014 at 12:07

NOTE ON JUDGEMENT OF LARSEN & TOURBO LTD. VS. STATE OF KARNATAKA IN RELATION TO THE LAW LAID DOWN IN THE K. RAHEJA�S CASE ON THE ISSUE OF FLATS BY THE HON�BLE SUPREME COURT OF INDIA. As per the judgment delivered by the Hon�bl ..


Posted in Taxation |   7294 Views


SC explains distinction b/w Sales and Works contract

  bimal jain   21 May 2014 at 13:05

Dear Professional Colleague, SC explains distinction between “Contract for sale of goods” and “Works contract” We are sharing with you an important judgement of the Hon’ble Supreme Court of India, in the case of Kon ..


Posted in Taxation  6 comments |   2928 Views


Beware!! Another Fraud in the Air !!

  Saurabh Bajaj   25 February 2014 at 16:28

Mr. Rajeev Kumar, a Chartered Accountant, working with a leading Automobile company was worried about his insurance policy. He had bought an insurance-cum-investment plan from a company (say K) 3 years back with an annual premium of R ..


Posted in Taxation  5 comments |   1514 Views


'Top 10 Indian Cyber Crimes' while filing online Income Tax Returns

  Ferry Dhiman   03 February 2014 at 13:13

YES people now a days are net savvy , though unknowingly they may be trapped under Information Technology Act ,2000 . Following are the top ten 'Cyber Crimes' while filing Indian Income Tax return Online :- 1. Sending request t ..


Posted in Taxation  9 comments |   5692 Views


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 |   2952 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 |   1777 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 |   16399 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 |   2534 Views