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Taxation Articles


Taxation in India

  Rajendran Nallusamy   19 March 2009 at 13:43

Taxation in IndiaBy Divya Prasad India's tax collection structure is well divided and the central government, state governments and local bodies are responsible for it. The union governments collect income tax, central excise and service tax while th ..


Posted in Taxation |   2039 Views


Even a Contractor is a Developer for purposes of s. 80-IA(4)

  ravidevaraj   13 March 2009 at 15:12

Om Metals Infraprojects vs. CIT (ITAT Jaipur) Where the assessee entered into an agreement with the Vidharbha Irrigation department for supply, erection and installation of dam gates and the question arose whether it was “developing an infrastructura ..


Posted in Taxation |   2701 Views


Tax implications of employee secondment contracts

  ravidevaraj   13 March 2009 at 15:07

 Where the assessee entered into a ‘secondment agreement’ with a US Company and obtained the services of an employee and the question arose whether the reimbursement by the assessee to the US Company of the salary paid by the US Company was chargeabl ..


Posted in Taxation |   3792 Views


Reopening notice even if served after limitation period is valid.

  ravidevaraj   06 March 2009 at 10:18

Where the AO issued a notice under section 147 of the Act and also tried to serve it on the assessee within the limitation period of six years but the assessee claimed that same was served only after the expiry of the limitation period and the ques ..


Posted in Taxation |   1592 Views


Employer not required to check proof when deducting TDS u/s 192

  ravidevaraj   05 March 2009 at 22:18

CIT vs. ITI Ltd (Supreme Court) Where the assessee-employer allowed the employees the benefit of deduction under section 10 (5) of the Act without collecting evidence to show that its employees had actually utilized the amounts paid towards Leave Tra ..


Posted in Taxation |   1997 Views


Even an Indian company can claim the benefits of non-discrimination under the DTAA

  ravidevaraj   03 March 2009 at 11:44

Even an Indian company can claim the benefits of non-discrimination under the DTAAWhere the assessee was an Indian company and more than 51% of its equity share capital was held by a German company (Daimler Benz AG) and pursuant to an offshore merge ..


Posted in Taxation |   1689 Views


Interim Budget 2009

  Mahesh Kapasi   18 February 2009 at 22:35

MAHESH KAPASI & CO E-Mail: maheshkapasi49@gmail.comChartered Accountants Phone: 2686 8147B-49, Gulmohar Park, ..


Posted in Taxation |   1484 Views


VIEW TAX CREDIT AGAINST YOUR PAN

  S K R P GUPTA   12 February 2009 at 00:08

VIEW TAX CREDIT AGAINST YOUR PAN (PERMANENT ACCOUNT NUMBER) TIN (TAX INFORMATION NETWORK) facilitates a PAN holder to view its Annual Tax Statement (Form 26AS) online. Form 26AS contains Details of tax deducted on behalf of the taxpayer by deduct ..


Posted in Taxation |   2314 Views


FAQ ON PERMANENT ACCOUNT NUMBER

  S K R P GUPTA   12 February 2009 at 00:08

FAQ ON PAN (PERMANENT ACCOUNT NUMBER) What is PAN? Permanent Account Number (PAN) is a ten-digit alphanumeric identifier, issued by Income Tax Department. Each assessee (e.g. individual, firm, company etc.) is issued a unique PAN. Who can apply f ..


Posted in Taxation |   1619 Views


PAN (PERMANENT ACCOUNT NUMBER

  S K R P GUPTA   12 February 2009 at 00:08

 FAQ  ON  PAN (PERMANENT ACCOUNT NUMBER)  What is PAN? Permanent Account Number (PAN) is a ten-digit alphanumeric identifier, issued by Income Tax Department. Each assessee (e.g. individual, firm, company etc.) is issued a unique PAN. Who can apply f ..


Posted in Taxation |   3362 Views