CA Dev Kumar Kothari

Extent of due date for ITR Filing- Writ Petitions seems inevitable

Income Tax - ITR last dates - Writ Petitions (WP) seems inevitable for directions to extend last date for filing of non-audit Income Tax Return (ITR)...

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Very Short Notice is not fair but used as a new tool to harass Assessee & Tax Professionals

Income Tax - Reasonable time for preparation of case by taxpayer must be kept in mind while issuing any notice. While fixing time interval between date of notice and date of hearing at least the following factors must be considered by the authority issuing the notice:...

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Constitutional Validity of Dividend distributed Tax

Income Tax - Dividend distributed Tax (DDT): Dividend paid by companies is a payment and expenditure. The tax on dividend payouts is not tax on income (of company).  The levy of additional tax on companies under Section 115-O seems to be ultra virse the Constitution of India....

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Provisions of S. 68 of Income-tax Act, must be read with Negotiable Instruments Act, 1881, particularly when liability is acknowledged on realization of cheque

Income Tax - When on receipt of money by way of cheque a liability is acknowledged by receiver as loan or deposit or share capital, it need to be viewed considering ground realities faced by receiver of money against which he incur liability....

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Responsible citizenship- protect environment

Income Tax - Responsible citizenship- protect environment: Environmental concerns- avoid wastage- case study -street Lights –proper time of switch off and switch on can save about 10- 15% electricity and other lighting expenses. DEV KUMAR KOTHARI General: This article is intended for benefit of public at large to show that how a small initiative tak...

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Vivad se Viswas Scheme- Suggestion for the benefit of revenue

Income Tax - Respected PM Sir and FM madam, I append below a write up for benefit of revenue by increasing scope  and  properly managing ‘Direct Tax Vivad Se Viswas Act,   by accepting  amount under declaration to settle all lost  disputes of revenue- whether challenged by revenue or not and by accepting payment in advance with some early [&he...

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Recent Posts in "CA Dev Kumar Kothari"

Extent of due date for ITR Filing- Writ Petitions seems inevitable

ITR last dates - Writ Petitions (WP) seems inevitable for directions to extend last date for filing of non-audit Income Tax Return (ITR)...

Read More
Posted Under: Income Tax | ,

Vivad se Viswas Scheme- Suggestion for the benefit of revenue

Respected PM Sir and FM madam, I append below a write up for benefit of revenue by increasing scope  and  properly managing ‘Direct Tax Vivad Se Viswas Act,   by accepting  amount under declaration to settle all lost  disputes of revenue- whether challenged by revenue or not and by accepting payment in advance with some early [&he...

Read More
Posted Under: Income Tax |

Very Short Notice is not fair but used as a new tool to harass Assessee & Tax Professionals

Reasonable time for preparation of case by taxpayer must be kept in mind while issuing any notice. While fixing time interval between date of notice and date of hearing at least the following factors must be considered by the authority issuing the notice:...

Read More
Posted Under: Income Tax |

Constitutional Validity of Dividend distributed Tax

Dividend distributed Tax (DDT): Dividend paid by companies is a payment and expenditure. The tax on dividend payouts is not tax on income (of company).  The levy of additional tax on companies under Section 115-O seems to be ultra virse the Constitution of India....

Read More
Posted Under: Income Tax |

Provisions of S. 68 of Income-tax Act, must be read with Negotiable Instruments Act, 1881, particularly when liability is acknowledged on realization of cheque

When on receipt of money by way of cheque a liability is acknowledged by receiver as loan or deposit or share capital, it need to be viewed considering ground realities faced by receiver of money against which he incur liability....

Read More
Posted Under: Income Tax |

Responsible citizenship- protect environment

Responsible citizenship- protect environment: Environmental concerns- avoid wastage- case study -street Lights –proper time of switch off and switch on can save about 10- 15% electricity and other lighting expenses. DEV KUMAR KOTHARI General: This article is intended for benefit of public at large to show that how a small initiative tak...

Read More
Posted Under: Income Tax |

CBDT – Highly Unreasonable Authority under Namo Government

CBDT PROVED TO BE VERY UNREASONABLE TOP AUTHORITY EVEN DURING REGIME OF NAMO GOVERNMENT – even after directions from various High Court’s action of CBDT is not only very delayed but also half-hearted, incomplete and wrong- it requires to be rectified and clarified...

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Posted Under: Income Tax |

CBDT Appears to be Unreasonable Top Authority like Lower Tax Authorities

EXPECTATION FROM NAMO GOVERNMENT: The public of India at large and also investors abroad are given to understand that NAMO government will provide EASE of doing business. However, for Indian citizens working in India ease of doing business and also carrying profession with ease seems to be a far distant dream. ...

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Posted Under: Income Tax |

Mere publicity by NAMO government not enough, real work for general public is more important

CA DEV KUMAR KOTHARI Unfortunate comments of Shri Piyush Goyal on comments of Chairman of HDFC. Author also feels that real work for general public, is more important, mere publicity by NAMO government is not enough. The Chairman of HDFC Shri Deepak Parekh has in some interviews expressed concerns about real work having been done on [&he...

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Posted Under: Income Tax |

Good news for HOME / FLAT BUYERS in Delhi Area

CA Dev Kumar Kothari Today on 26.11.14 in news channels it has been  reported that more  construction will be allowed in Delhi area as floor area ratio has been considerably increased for various types of plots. This is very good news for home/ flat buyers because cost of proportionate share in land will reduce substantially. Builders ...

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Posted Under: Income Tax |

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