CA Manish Agarwal

S. 37 Allowability of Business Expenditure & case laws

Income Tax - Condition for allowance under section 37 * Such expenditure should not be covered under the specific section i.e. sections 30 to 36. * Expenditure should not be of capital nature * The expenditure should be incurred during the previous year. * The expenditure should not be of personal nature. * The expenditure should ...

Read More

Download FUV file from NSDL Website to revise e-TDS return

Income Tax - How To download FUV file from NSDL Website 1. To revise the return , now you have to download the FVU file from website 2. Open the website. www.tin.nsdl.com 3. Choose the Option TAN Registration 4. Type your login details. 5. Select TDS/TCS and then / View Consolidated file...

Read More

S. 32 Understanding Deprecation with latest case laws

Income Tax - Depreciation – a non-cash expenditure allowed under Income Tax Act, 1961 following block concept. Under the block concept, all the assets falling within the same class and subject to same rate of depreciation are clubbed together and considered as single asset. Any alterations to the value of the block have to be strictly in accordance ...

Read More

How to download online TDS Certificates in Form No. 16A

Income Tax - In order to enable you to generate the TDS Certificates through TIN Website, you will be required to follow the following steps: 1. The deductor has to register their TAN with NSDL website. Click on the "Online TAN Registration" available in the home page of www.tin-nsdl.com and follow the due procedures mentioned therein. 2. Upon registr...

Read More

Procedure for issuance of Lower / Nil TDS Certificate

Income Tax - Every finance professional are making estimated accounts of the company and based on that you can also prepare the estimated computation of total income assuming same adjustments as done for the previous year. Determine the expected tax liability of the company. Determine the TDS deducted and advance tax paid till date and also determine...

Read More
Sorry No Post Found
Sorry No Post Found
Sorry No Post Found

Recent Posts in "CA Manish Agarwal"

S. 37 Allowability of Business Expenditure & case laws

Condition for allowance under section 37 * Such expenditure should not be covered under the specific section i.e. sections 30 to 36. * Expenditure should not be of capital nature * The expenditure should be incurred during the previous year. * The expenditure should not be of personal nature. * The expenditure should ...

Read More
Posted Under: Income Tax |

Download FUV file from NSDL Website to revise e-TDS return

How To download FUV file from NSDL Website 1. To revise the return , now you have to download the FVU file from website 2. Open the website. www.tin.nsdl.com 3. Choose the Option TAN Registration 4. Type your login details. 5. Select TDS/TCS and then / View Consolidated file...

Read More
Posted Under: Income Tax |

S. 32 Understanding Deprecation with latest case laws

Depreciation – a non-cash expenditure allowed under Income Tax Act, 1961 following block concept. Under the block concept, all the assets falling within the same class and subject to same rate of depreciation are clubbed together and considered as single asset. Any alterations to the value of the block have to be strictly in accordance ...

Read More
Posted Under: Income Tax | ,

How to download online TDS Certificates in Form No. 16A

In order to enable you to generate the TDS Certificates through TIN Website, you will be required to follow the following steps: 1. The deductor has to register their TAN with NSDL website. Click on the "Online TAN Registration" available in the home page of www.tin-nsdl.com and follow the due procedures mentioned therein. 2. Upon registr...

Read More
Posted Under: Income Tax | ,

Procedure for issuance of Lower / Nil TDS Certificate

Every finance professional are making estimated accounts of the company and based on that you can also prepare the estimated computation of total income assuming same adjustments as done for the previous year. Determine the expected tax liability of the company. Determine the TDS deducted and advance tax paid till date and also determine...

Read More
Posted Under: Income Tax | ,

TDS on Provision for Expenses for which no invoice been received

One of the most disputed arguments between assessee and income tax department is that whether payments made towards specified expenditure attracts disqualification u/s 40(a) (ia) and applicability of this section to provisions made at the year end and its implications. Following are the views expressed by the author in this respect. The ...

Read More
Posted Under: Income Tax |

Understanding Transfer Pricing With Latest Case Laws Part 2

Now a days, during transfer pricing assessment , the TPO are coming with unique ideas like valuation of intangibles , corporate guarantees, ratings provided by CRISIL etc. this all leads to corporate in a mysterious situation. Below are the summarized form of the latest judicial pronouncements on transfer pricing which will help corporate...

Read More
Posted Under: Income Tax | ,

Understanding TDS Provisions with Latest Case Laws – Part – II

Trade Discount : In the case of S.D. Pharmacy Pvt. Ltd. ITA Nos. 948/Coch/2008, A.Y. 2005-06, dt. 5-5- 2009. It was held that trade discount are not in the nature of commission and hence no TDS is required to be deducted u/s 194H of the act. This was again confirmed in the case of Add CIT v Pearl Bottling (P) Limited. ...

Read More
Posted Under: Income Tax | ,

Understanding Deemed Dividend with Latest Case Laws

It is very important to have the knowledge of provisions of deemed dividend under section 2(22)(e) of the Income tax act, 1961 before making any transaction with the closely held companies....

Read More
Posted Under: Income Tax | ,

Provision for Expenses – Allowable expenditure

We have to make provision for various expenses based on the estimates at the year end as we are following the accrual system of accounting. But the income tax department was disallowing the same on the ground that same being contingent in nature and hence not allowable. Here are some of the case study and opinion in this respect....

Read More
Posted Under: Income Tax |
Page 1 of 212

Browse All Categories

CA, CS, CMA (3,377)
Company Law (3,265)
Custom Duty (6,439)
DGFT (3,355)
Excise Duty (4,002)
Fema / RBI (3,177)
Finance (3,330)
Income Tax (24,536)
SEBI (2,667)
Service Tax (3,269)

Search Posts by Date

May 2017
M T W T F S S
« Apr    
1234567
891011121314
15161718192021
22232425262728
293031