E-Book Covers the following Topics Income Tax Issues Concerning The Landowner Capital gain or Business income. Relevant Statutory provisions of Capital Gain under the Income Tax Act, 1961. Relevant Statutory Provision & Issues of Sec. 2(47)of I.T. Act, 1961 & 53A of Transfer of Property Act, 1882
The E-Book written by CA Agarwal Sanjay ‘Voice of CA’ deals with almost all issues in Capital Gain Taxation. E-Book Mainly deals with following sections :- Section 45(1) – Charging Section, Section 2(14) – Capital Asset, Section 2(47) – Transfer, Section 47 Transaction Not regarded as Transfer, Section 48 Method of Computation of Capital Gain,
The rate of Tax on declared goods as mentioned in Schedule C-1 has been increased from 4% to 4.5% plus Additional Tax @ 10% and net effect from 03-09-2012 will be 4.95%. It is pertinent to clarify that on wheat, paddy and rice, there is no change in the rate of Tax w.e.f 03-09-2012 and the previous rate of Tax i.e. 5% will prevail, reason being maximum ceiling rate on declared goods is 5%.
Whether the T.D.S. is deductible on the compensation paid to the unfortune parents, whose child dies in an escalator maintained by an Airport Authority
Vide Order No. 177 of 2012 dated 04.09.2012, the CBDT has ordered the transfers and postings of several officers in the grade of Commissioner/ Director of Income-tax with immediate effect. Vide Order No. 176 of 2012 dated 04.09.2012, the CBDT has promoted several officers in the grade of Commissioner/ Director of Income-tax to the grade of Chief Commissioner of Income-tax (CCIT) in the pay scale of Rs. 67,000 to 79,000 with immediate effect. By the same order, postings and transfers have also been ordered.
Order of the Supreme Court in Writ Petition (Civil) No. 657 of 1995 in the matter of Research Foundation for Science, Technology & Natural Resource Policy Vs Union of India (UOI), relating to Ship-breaking-
3CA & 3CB COMMON ISSUES 1. Statutory Auditors to separately disclose reliance on Branch Auditor 2. Branches out side India not Audited by Tax auditor
Download E-book on Analysis of Provisions of Section 194C with case laws – This section was introduced long back in 1972 and thereafter amended many times. The scope of the said provision has been explained vide circulars Nos. 86 dated May 29, 1972, 93 dated 26.9.1972, 558 dated 28.3.1990,681 dated 8.3.1994,714 dated 3.8.1995, 723 dated 19.9.1995, 715 dated 8.8.1995 and 13 dated 13.12 2006. This section has been substituted by Finance (No 2) Act 2009.
Section 44AD of the Income Tax Act,1961 Reason for introducing new scheme for presumptive taxation – 1. There has been a substantial increase in small businesses with the growth of transport and communication and general growth of the economy. A large number of businesses and service providers in rural and urban areas who earn substantial income are outside the tax‐net.
The reasoning of the Tribunal is premised upon the fact that capital assets were transferred on a particular date the assessee passed on the execution of the agreement. There is no material on the record or in the agreement suggesting that even if the entire consideration or part is not paid the title to the shares will revert to the seller. In that sense the controlling expression of ‘transfer’ in the instant case is conclusive as to the true nature of the transaction.
