International Taxation and Transfer Pricing Update
Posted Date : 04-Jul-2013 , 04:29:43 pm | Posted By
CA Priyanka Gupta
We are pleased to inform you that CBDT vide Notification No. 47/2013, Dated 26-06-2013, have notified Form 10FC & Rule 21AC in relation to Sec. 94A of the Income Tax Act, 1961. The said notification has been attached herewith for your perusal. Sec. 94A empowers the tax authorities to ...
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Category : Income Tax |
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Popular ways of earning Tax Free Income
Posted Date : 04-Jul-2013 , 11:40:06 am | Posted By
Gaurav Dhamija
Popular ways of earning Tax Free Income1. Interest on Savings Bank AccountA deduction of Rs. 10,000 is allowed for Interest earned under Section 80TTA. This new deduction was introduced by the Finance Minister in Budget 2012 and this is applicable from 1st April 2012.Although, the Interest earned on...
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Category : Income Tax |
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10 Things you may not know about PPF
Posted Date : 04-Jul-2013 , 11:37:36 am | Posted By
Gaurav Dhamija
10 Things you may not know about PPF One of the popular, preferred, and preeminent tax saving investments is PPF – Public Provident Fund. We all know about PPF. 1) Where to open the PPF account? PPF accounts can be opened in a post office or in a SBI/PNB bank branches . The re...
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Category : Income Tax |
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True story-Specially for girls & Ladies who put there ph. in carry bag
Posted Date : 04-Jul-2013 , 09:11:00 am | Posted By
Gaurav Dhamija
A lady has changed her habit of how she lists her names on her cell phone after her handbag was stolen. Her handbag, which contained her cell phone, credit card, wallet, etc., was stolen. 20 minutes later when she called her hubby, from a pay phone telling him what had happened, hubby says 'I receiv...
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Category : General |
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Know the new rules of filing tax returns & how they impact you
Posted Date : 03-Jul-2013 , 04:22:28 pm | Posted By
Vimmi
First they made it compulsory for businesses to e-file their tax returns. Then they made it mandatory for taxpayers with incomes of over Rs 10 lakh to take the online route. This year, the income tax authorities have cast a wider net and made e-filing compulsory if your taxable income is above Rs 5 ...
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Category : Income Tax |
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Five reasons why rupee is depreciating
Posted Date : 02-Jul-2013 , 02:41:02 pm | Posted By
Vikash Kumar Jha
Let's have a look at the five major reasons behind the rupee's weakness:
Dollar On A Horse Ride
The main reason causing the rupee to fall is the immense strength of the Dollar Index, which has touched its three-year high level of 84.30. The record setting performance of US equ...
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Category : RBI |
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Which is your ITR ?
Posted Date : 01-Jul-2013 , 02:14:01 pm | Posted By
Vikash Kumar Jha
For Individuals, HUF
Select appropriate Income Tax Return (ITR) Preparation Software
ITR-1
ITR-2
ITR-3
ITR-4
Individual
Individual
Individual
Individual
& HUF
& HUF
& HU...
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Category : Income Tax |
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Expenses Allowable For Computing Business Income
Posted Date : 30-Jun-2013 , 01:36:59 pm | Posted By
Vinay Sharma
Expenses Allowable For Computing Business Income
Primarily, the expenses allowable for computing business income is computed as per the Income tax Rules for the purpose of computing tax liability of a concern, where business income in the concern is computed by the accepted busine...
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Category : Income Tax |
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Things You Must Know While Filing Your Income Tax Return For The First Time
Posted Date : 30-Jun-2013 , 01:35:35 pm | Posted By
Vinay Sharma
Things You Must Know While Filing Your Income Tax Return For The First Time
The financial year is over, and we have to file our IT returns for the year gone by. Salaried Individuals and other non-audit tax payers are required do Income Tax Return Filing compulsorily before 31st July for...
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Category : Income Tax |
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Take Care Of Your Eyes While Using PC
Posted Date : 30-Jun-2013 , 01:34:05 pm | Posted By
Vinay Sharma
Take Care Of Your Eyes While Using PC
During a recent visit to an optician, one of my friend was told of an exercise for the eyes by a specialist doctor that he termed as 20-20-20. It is apt for all of us, who spend long hours at our desks, looking at the computer screen. I Thought I'd share it ...
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Category : General |
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Tiny Pen Drive Enough To Pin You Down
Posted Date : 30-Jun-2013 , 12:46:48 pm | Posted By
Vinay Sharma
Tiny Pen Drive Enough To Pin You Down
Pen drive and print outs taken from it constituted admissible evidence in income-tax proceedings and formed a basis for investigation and additions
In the recent case of CHETAN GUPTA V. ACIT the assessee was arrested by Punjab Police and pen drive ...
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Category : Income Tax |
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RECENT SEBI NORMS FOR BUY BACK OF SHARES
Posted Date : 29-Jun-2013 , 08:07:56 pm | Posted By
CA Ramesh K Chhajer
Securities market regulator SEBI in a board meeting on Tuesday decided to tighten corporate share buyback norms and increase disclosure norms for preferential issues, and came up with guidelines for angel funds as part of forming alternative investment fund regulations.
It also approved the...
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Category : Corporate Law |
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Deed of Further Mortgage
Posted Date : 29-Jun-2013 , 01:05:03 pm | Posted By
Akhilesh Jha
Deed of Further Mortgage
THIS DEED OF FURTHER MORTGAGE is made the . . . . . . . . day of . . . . . . . ., 20 . . . . . . . ., BETWEEN (the same parties as in the mortgage) and is supplemental to the deed of mortgage, dated . . . . . . . . and made between the same parties and registered on...
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Category : General |
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Gift of Property for a Specified Purpose
Posted Date : 29-Jun-2013 , 01:02:23 pm | Posted By
Akhilesh Jha
Gift of Property for a Specified Purpose
THIS GIFT is made the . . . . . . . day of . . . . . . ., 20. . . . . . ., BETWEEN (as in Preced...
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Category : Income Tax |
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Deed of Exchange of Property Value being adjusted in Cash
Posted Date : 29-Jun-2013 , 12:59:04 pm | Posted By
Akhilesh Jha
Deed of Exchange of Property Value being adjusted in Cash
THIS DEED OF EXCHANGE is made the . . . . . . . . . day of . . . . , 20 . . . . . . . ., BETWEEN A.B., aged about . . . . . . . . . . . . . . years, son of . . . . . . . . . . . . . . . . . . . , resident of . . . . . . . ., (hereina...
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Category : General |
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Affidavit of Creditor in proof of his debt in Proceeding for the Liquidation of a Company
Posted Date : 28-Jun-2013 , 01:37:21 pm | Posted By
Akhilesh Jha
No. 4
Affidavit of Creditor in proof of his debt in Proceeding
for the Liquidation of a Company
IN THE (HIGH) COURT OF. . . . . . . . . . . . . . . .
The matter of the Indian Companies Act, 1913
And
The matter of the liquidation of. . . . . . . . .Co. Ltd.
I, A. B., aged . . . . . years...
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Category : General |
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Affidavit in Application for Substitution of name of Karta
Posted Date : 28-Jun-2013 , 01:34:17 pm | Posted By
Akhilesh Jha
Affidavit in Application for Substitution of name of Karta
In the Court of. . . . . . . . . . . . . . . .
Civil Miscellaneous Application No. . . . . . . .of 198. . . . . . . . . . .
in
Original Suit No. . . . . . . . . . . . ....
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Category : Income Tax |
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HOw to get ur refund early
Posted Date : 28-Jun-2013 , 09:44:08 am | Posted By
Gaurav Dhamija
GUIDELINES GIVEN BY PALASH RAKSHIT FOR TAX REFUND & How to ensure a timely receipt OF THAT ". There could be Several Reasons for delays in tax refunds :- 1) If the amount you claim as taxes paid does not match with Form 26AS. 2) ITR-V generated upon filing of the tax return has to be signed an...
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Category : Income Tax |
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Point wise checklist on preparation of online format 3CD
Posted Date : 27-Jun-2013 , 12:54:18 pm | Posted By
Hardik Mehta
Form 3CB/3CD Checklist
Note:
Ø Ch stands for Characters
Form 3CB
1.
· Select I if the firm of auditor is proprietorship and We for partnership from drop down option.
·&nbs...
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Category : Income Tax |
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Tax treatment of sum received after termination of employment
Posted Date : 26-Jun-2013 , 09:45:54 pm | Posted By
Vinay Sharma
Tax treatment of sum received after termination of employment
The OECD Committee on Fiscal Affairs, through a sub-group, has undertaken to clarify how variety of payments, such as non-competition payments, notice pay, severance payment, etc., that may be made following the termination of an...
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Category : Income Tax |
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