Income Tax : Q.1 Who is responsible to deduct tax u/s 194C? A.1. Any person responsible for paying any sum to any resident contractor for carry...
Income Tax : SECTION 50C – SPECIAL PROVISION FOR FULL VALUE OF CONSIDERATION IN CERTAIN CASES Applicability of Section 50C As per Sec 50C, wh...
Income Tax : 1. What is the test that determines land is agricultural land? The Gujrat HC in CIT v Siddhartha J. Desai 139 ITR 628 (Guj)(1983) ...
Income Tax : Any person, (other than individual or a Hindu undivided family) who is responsible for paying, to a resident, any income by way of...
Income Tax : When does income be taxed as Capital gain or Business income? When the transaction involves transfer of capital asset then that wi...
A. Rates of Income-tax- Brief Impact: A. Individual, Hindu undivided family, association of persons, body of individuals, artificial juridical person. I. The rate of income tax is proposed to be same. Tax slab and rates remain unchanged.
Request to issue appropriate instructions w.r.t. extension of ‘Due date for filing return of Income’ in case of all the assesses whose last date of filing return of income is 31/07/2017
This Article is Exhaustive analysis of Amendment related to Central Excise Duty and Custom Duty proposed to be carried out by Finance Act 2017 or Union Budget 2017
This Article is Exhaustive analysis of Amendment in Income Tax Act, 1961 proposed to be carried out by Finance Act 2017 or Union Budget 2017 in a Tabular Format. Article explain in simple Language Relevant Clause of Finance Bill 2017 as Presented in Lok Sabha, Nature of Amendment, Date of Applicability of Amendment and a […]
This Article is Exhaustive analysis of Amendment in Service Tax related provisions proposed by Finance Act 2017 or Union Budget 2017 in a Tabular Format. Article explain in simple Language Relevant Clause of Finance Bill 2017 as Presented in Lok Sabha, Nature of Amendment, Date of Applicability of Amendment and a Brief on amendment in […]
Executive Summary of Finance Bill 2016 – Direct Taxes Highlights and Amendments in Service Tax Non-Tariff – Amendment in Central Excise Act, 1944 Tariff – Amendment in Central Excise Act, 1944 Non-Tariff – Amendment in Customs Act, 1962 Tariff – Amendment in Customs Act, 1962 ——————— Prepared by the joint efforts of following members: I. […]
Representation for extension of the applicability of New Form No. 3CA, 3CB and 3CD for furnishing Tax Audit Report u/s 44AB of the Income Tax Act, 1961 for A.Y. 2015-2016 & onwards
Click here for Highlights of UNION BUDGET – 2014 Click here for Clause by Clause Analysis on DIRECT TAX Click here for Clause by Clause Analysis on CUSTOM Non-Tariff
KARTA OF HUF The Karta is the manager of HUF and have wide powers by way of controlling the affairs of the HUF. The Karta enjoys his position in the HUF by operation of law without any agreement and consent of other members of HUF. He stands in a fiduciary relationship with other members, but […]
SOLE SURVIVING COPARCENER A coparcener outliving all other coparcener is known as the sole surviving coparcener. He may be alone in the family or there may be other female member along with him in the family. The nature of property in the hands of such sole surviving coparcener is that of HUF property.
