Income Tax : ITR last dates - Writ Petitions (WP) seems inevitable for directions to extend last date for filing of non-audit Income Tax Return...
Income Tax : Reasonable time for preparation of case by taxpayer must be kept in mind while issuing any notice. While fixing time interval betw...
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 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 ...
Corporate Law : Responsible citizenship- protect environment: Environmental concerns- avoid wastage- case study -street Lights –proper time of s...
Income Tax : Learn about the 2023 Income Tax Return (ITR) deadline for business professionals and why an extension is needed for non-audit case...
Income Tax : Respected PM Sir and FM madam, I append below a write up for benefit of revenue by increasing scope and properly managing ‘D...
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 […]
Though this article is not for main subjects of this website, however, I believe that what we learned in our nursery and primary classes is very important for being a good human being and good member in the society. Hence I request the website to public this article so that many of us who have forgotten early learnigns in our life are recalled and given adequate importance.
The amended forms shall come into force on the date of their publication in the Official Gazette of the Notification which is dated 25.07.2014. So it may be applicable to Tax Audit Report for Assessment Year 2014-15 also if the report is tendered after such date.
As per my experience generally CA,CMA,CS AND LL.B (particularly advocates who are tax practioners) – all are basically experts and can do related jobs if required to do so. However, some specialization and reservations are order of the day in any society and system.
In case SREI (supra.) judgment has been rendered by the DELHI HIGH COURT in a Writ Petition against an order of the settlement commission. The issue before the High Court was on S. 50B relating to Slump Sale.
CA Dev Kumar Kothari Prizes or rewards are ‘capital receipt’ in hands of NON-PROFESSIONAL SPORTS PERSONS like Shri Abhinav Bindra. Why same theory should not be applied to professional sports person? A capital receipt cannot be deemed ‘income’.
We find lot of complications and procedural delays in setting up and approval of gratuity funds. This can be simplified and any payment made for funding gratuity liability made to insurers like the Life Insurance Corporation of Indian can be allowed.
Acceptance of return is general approach of government: It can be said that acceptance of returns filed by assessee is general approach of the GOI. This is evident from the fact that majority of returns are accepted as per self assessment and they get finality once an intimation is prepared and accordingly tax is demanded or refund is issued.
CA Dev Kumar Kothari Section 115J, 115JA and 115JB may be ultra vires the Constitution of India and the Income-tax Act,1961 – a study with reference to some very weakly prepared and contested cases about validity of provision for tax on book profit / minimum alternate tax (MAT) and some suggestions for tax payers and […]
Section 45 is charging section. Various sub-sections of this section provide for charging of any profit or gains and in some specified exceptions even ‘capital value’ is also deemed to be capital gain taxable under the head.
