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No new tangible material - Whether reassessment permissible even if initiated within four years?CA Bikash Kumar Jain | ACA, B.Com (Hons)05 August 2014

The power of reassessment has been given u/s 147 of the Income-tax Act, 1961. An assessment can be reopened if the Assessing Officer has 'reason to believe' that income chargeable to tax has ...
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Service TaxAnuj Jaiswal | FCA, ACS, ACMA12 November 2013

Presentation on Service Tax
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Highlights of the Companies Bill, 2012Anuj Jaiswal | FCA, ACS, ACMA16 August 2013

Presentation on Highlights of the Companies Bill, 2012 (as passed by Rajya Sabha)
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Controversy that looms over LOs activities in IndiaCA Sunny Kumar Jain | B.Com(Hons.), ACA, CFA (USA)24 December 2012

Liaison Office (LO) is one of the organisational structures whereby a foreign entity establishes its presence in India for a very limited purpose and does not undertake any direct business ...
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Whether Secondment of employees to India requires a second thought?CA Bikash Kumar Jain | ACA, B.Com(Hons.)14 December 2012

In the recent past, the Indian judiciary has rendered several judgments on the issue of tax implications on secondment arrangement. However, the divergent views of the Indian judiciary on this ...
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Applicability of concessional rate of tax on sale of listed shares by a non-resident - A catch-22 situation CA Bikash Kumar Jain | ACA, B.Com(Hons.)19 August 2011

Section 112(1) of the Indian Income-tax Act, 1961 ('ITA') provides for a 20% tax rate on long-term capital gains for residents and non-residents. However,
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Business Profit on Presumptive Basis - Section 44ADIshita Mundhra | .15 July 2010

A new section 44AD is incorporated by the Finance Act (No. 2) Act, 2009. The section is applicable from A.Y. 2011-12 and shall replace the existing provision of presumptive taxation covered under ...
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Possible renegotiation of India Mauritius Tax TreatyCA Amit Poddar | ACA07 July 2010

What could be the bigger news in July than FIFA World Cup 2010 and what could possibly be the bigger shock than Brazil being eliminated.
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Business connection and Permanent Establishment - First rudiment CA Amit Poddar | ACA20 June 2010

As per section 9(1)(i) of the Act where any income arises to a non resident though a business connection in India, then such income is deemed to accrue or arises in India and hence taxable in ...
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Finance Bill, 2010CA Vikash Mundhra | ACA, CS, B.Com(Hons.)26 February 2010

The provisions of the Finance Bill, 2010 relating to direct taxes seek to amend the Income-tax Act, inter alia , in order to,-
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