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Taxation Articles


SEZ and revenue loss : Isn't it a myth?

  Praveen Kashyap   11 August 2008 at 18:15

THERE is hardly a day when the SEZ Scheme is not there on the front page of most newspapers. Apart from various sticky aspects, revenue loss theory continues to carry a lot of weight even after many Studies being reported by the media. The indirect t ..


Posted in Taxation |   2790 Views


Custom, Excise & Service Tax- Can appeal be dismissed for non persecution

  Rajesh Kumar   02 August 2008 at 12:58

CUSTOM, EXCISE & SERVICE TAX APPELLATE TRIBUNALCan the Tribunal Dismiss Appeal for Non-persecutionRAJESH KUMARADVOCATE. On numerous occasions the Custom, Excise & Service Tax Appellate Tribunal dismisses and appeal in case when the appellant ..


Posted in Taxation |   2378 Views


Service Tax: Taxability of Residential Complex

  Rajesh Kumar   02 August 2008 at 12:58

SERVICE TAX ON CONSTRUCTION OF RESIDENTIAL COMPLEX:Gauhati High Court has held in Magus Construction v. Union of India that when a person is engaged in construction of residential complex for sale to various persons, it does not amount to service and ..


Posted in Taxation |   2767 Views


How to save income tax and file returns

  Ms. Bobby Anand   25 July 2008 at 16:26

10 simple tips to lower your tax bill There’s nothing more demoralizing than watching your income get slashed by taxes. After all, it’s your hard-earned money, and you won’t like it go for whatever cause that may be. However, you can’t do much to avo ..


Posted in Taxation |   3624 Views


Tax Law Update

  Rajesh Kumar   05 July 2008 at 20:43

1. MANDATORY PAYMENT OF DUTY BASED ON PRODUCTION CAPACITY- FOR PAN MASAL AND GUTKA:On 01.07.2008, the Government came out with an notification making it mandatory to pay duty on Pan Masala and Gutka based on production capacity, i.e. number of packag ..


Posted in Taxation |   2231 Views


Due dates for Service tax payments

  Member (Account Deleted)   24 June 2008 at 11:47

ANNEXURE ADUE DATES FOR SERVICE TAX 1. RegistrationWithin 30 days from the date on which service tax is levied or within 30 days of commencement of business whichever is later.2. Payment of Service Taxa.       Payable by individuals, proprietary conc ..


Posted in Taxation |   3499 Views


IT Act1961,Vs No Limitation Of Time for Refund Payment

  Advocate Pankaj Kumar Sharma   13 June 2008 at 16:18

As per Article 19 of Constitution of India, all citizens of India shall have the right: -Ø To freedom of speech and expression.Going though the above Article, I, am writing the following article: - I want to approach the kind attention of all ci ..


Posted in Taxation |   2531 Views


IT Act , 1961 IS AN EXCEPTION TO RULE "BONAM PARTEM"

  Advocate Pankaj Kumar Sharma   10 June 2008 at 16:04

IT Act- BonamPartem; Rule of BonamPartem- IT Act, 1961; Lawful sense in IT Act, 1961- Rule of BONAM Partem. ..


Posted in Taxation |   25033 Views


Minor's Parents Vs Minor's Agricultural Income

  Advocate Pankaj Kumar Sharma   10 June 2008 at 16:04

If a minor child derives agricultural income , there is no provision under the Finance Act requring clubbing of such income with parent's total income for rate purpose. Only if minor child is assessable in respect of income derived from skill , tale ..


Posted in Taxation |   3236 Views


Non Resident Parents Vs Resident Minor

  Advocate Pankaj Kumar Sharma   10 June 2008 at 15:16

In case where the parents are non residents and the minor child is a resident derving income which accrues or arises outside India , the clubbing of such income does not arise as provisions of Section 64(1A) can not override the provisions of Sec ..


Posted in Taxation |   2597 Views