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TDS / Withholding of tax under section 195, Payment of royalty to various countries & Proof of residency certificate

TDS / Withholding of tax under section 195, Payment of royalty to various countries &...

TDS on payment to NRI ass Fees for Technical Services or Business Income or Independent Personal services (IPS).

TDS on payment to NRI ass Fees for Technical Services or Business Income or Independent...

Reimbursement of expenses to sister concern on cost basis is not liable for TDS

Reimbursement of expenses to sister concern on cost basis is not liable for TDS ITAT, Mumbai...

No TDS on interest payment to APMC, Local authorities & other organization whose income is exempt from Income Tax: CBDT

No TDS on interest payment to APMC, Local authorities & other organization whose income is...

All about Tax Deducted at Source (TDS) : Frequently Asked Questions (FAQ)

All about Tax Deducted at Source (TDS) : Frequently Asked Questions (FAQ) What is tax...

News

Did you know about the scope of work for a CPA in India and abroad?

In the context of America, the smallest start-ups to the largest government agencies, every business...
Charity paid at the time of purchase cannot form the part of Purchase consideration: Supreme Court

Charity paid at the time of purchase cannot form the part of Purchase consideration: Supreme Court

Charity paid at the time of purchase cannot form the part of Purchase consideration: Supreme...
Number of return filers decreased. Demonetisation - Short term failure or long term advantageous ?

Number of return filers decreased. Demonetisation – Short term failure or long term advantageous ?

Number of return filers decreased. Demonetisation - Short term failure or long term advantageous ? Really...
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FAQ ON GST – 3rd EDITION

GOODS AND SERVICES TAX (GST) 3rd Edition: 15th...

Interesting Income Tax

Budget 2020: Overviewof changes in the Direct Tax provisions

  Budget 2020: Overviewof changes in the Direct Tax provisions There are number of changes that is...
how to save tax by forming HUF

HUF – A way to save Income Tax 

HUF – A way to save Income Tax (I) Hindu Undivided Family, more popularly known by the...
housing loan as Cost of acquisition

Capital gains calculation can be done after considering Interest paid on housing loan as Cost of acquisition

Capital gains calculation can be done after considering Interest paid on housing loan as Cost...

Interest on Bank Deposits & eligibility for deduction u/s 80TTA Vs. 80TTB

Presently, section 80TTA provides Rs 10,000/- deduction to all individual/HUF taxpayers. Section 80TTA of the Income...

Long Term Gain Tax on shares is back- Time to know the Tax Implications

Long Term Gain Tax on shares is back- Time to know the Tax Implications “Total amount...

Head of Incom

Bond u/s 54EC

Why you should purchase Tax Saving Bond u/s 54EC before 31st March 2018?

Section 54EC is one of the most preferable sections for saving tax arising from transfer...

MISTAKES TO AVOID INCOME TAX NOTICES

Non reporting of Exempt income: One of the reasons for income tax notices is investment by...
Taxation of F & O transactions

Taxation of F & O transactions

Taxation of F & O transactions Query 1] I am trading in equities; both delivery as...
Merger, Demerger & Amalgamation- Tax implications on shareholder

Merger, Demerger & Amalgamation- Tax implications on shareholder

Merger Demerger & Amalgamation Query 1] 1000 equity shares of face value of Rs. 10 in...
Even small size firm are to get its accounts audited if income offered for taxation is less than 8%  

Even small size firm are to get its accounts audited if income offered for taxation is less than 8%  

taxation is less than 8% Query 1] We have 2 small Partnership Firms, one doing trading and...

DTAA

DTAA between India and Philippines

DTAA between India and Philippines Agreement for avoidance of double taxation and prevention of fiscal evasion...

DTAA between India and Bulgaria

DTAA between India and Bulgaria   Agreement for avoidance of double taxation and prevention of fiscal evasion...

DTAA between India and Ethiopia

DTAA between India and Ethiopia SECTION 90 OF THE INCOME-TAX ACT, 1961 - DOUBLE TAXATION AGREEMENT...

DTAA Between India and Botswana

DTAA Between India and Botswana REPUBLIC OF BOTSWANA Agreement for avoidance of double taxation and prevention of...

DTAA between India and Croatia

DTAA between India and Croatia SECTION 90 OF THE INCOME-TAX ACT, 1961 - DOUBLE TAXATION AGREEMENT...

Miscellaneous

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What should be the Basic exemption limit?

If basic exemption limit is enhanced to Rs. 1Cr .....   Indians will start earning Rs. 99 Lakh?       Comment...

CHECK IF YOUR DEPOSIT IS ILLEGAL

President of India has promulgated the BANNING OF UNREGULATED DEPOSIT SCHEMES ORDINANCE, 2019 w.e.f. February...
One More : AO cannot make disallowance resulting into a total disallowance u/s 14A, which is more than the exempt income

One More : AO cannot make disallowance resulting into a total disallowance u/s 14A, which is more than the exempt income

One More : AO cannot make disallowance resulting into a total disallowance u/s 14A, which...
ULIP or Mutual funds- where to invest

ULIP or Mutual funds- where to invest?

  ULIP or Mutual funds- where to invest?  Meaning of ULIP A Unit Linked Insurance Plan (ULIP) is a...
benami property and SEBI guidelines

ISSUE OF BENAMI SHARES AND SEBI GUIDELINES

ISSUE OF BENAMI SHARES AND SEBI GUIDELINES WHAT IS A BENAMI TRANSACTION Benami transaction means; where the property...