SSRPN & Co

Article ID: 661

CAPITAL GAIN EXEMPTION ON SALE OF DEPRECIABLE ASSETS

INTERESTING INCOME TAX -CA NARESH JAKHOTIA DEPERECIABLE ASSETS U/S 50 AND EXEMPTION BENEFIT U/S 54EC/54F A principal asked one of ...

Article ID: 662

TWO PERSON WITH SAME INCOME MAY HAVE DIFFERENT TAX LIABILITIES !!

INTERESTING INCOME TAX -CA NARESH JAKHOTIA “EVEN IF TWO PEOPLE HAVE SAME INCOME, THE TAX AMOUNT COULD DIFFER” &...

Article ID: 675

TAX ISSUES ON ANCESTRAL AGRICULTURAL LAND

TAX TALK-23.02.2015-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant TAX ISSUES ON SALE OF ANCESTRAL AGRICUL...

Article ID: 711

CO-OWNER MAY NOT BE TREATED AS OWNER: INTERESTING INCOME TAX

TAX TALK CA. NARESH JAKHOTIA Chartered Accountant CO-OWNER MAY NOT BE TREATED AS OWNER: INTERESTING INCOME TAX Query 1] ...

Article ID: 747

ALL ABOUT EDUCATION LOAN

ALL ABOUT EDUCATION LOAN: Query ] Is there any limitation of amount of deduction that is available against educational loan? I have availed the ed...

Article ID: 751

USING THE CONCEPT OF DIVERSION OF INCOME BY OVERRIDING TITLE

TAX TALK-09.03.2015-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant USING THE CONCEPT OF DIVERSION OF INCOME BY OVE...

Article ID: 816

Life Insurance Policies: No blanket escape from tax

TAX TALK-16.03.2015-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Life Insurance Policies: No blanket...

Article ID: 901

TDS has to be done while purchasing Urban Agricultural Land also

TAX TALK-30.03.2015-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant TDS has to be done while purchasing Urban Agric...

Article ID: 1128

A step-by-step guide to file income tax return

TAX TALK-29.06.2015-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant A step-by-step guide to file income t...

Article ID: 1172

Classification of income is important from tax planning perspective

TAX TALK-06.07.2015-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Classification of income is important...

Article ID: 1217

Income from funds transferred to Wife attracts clubbing provision

TAX TALK-13.07.2015-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Income from funds transferred to Wife...

Article ID: 1243

No tax audit required even if receipts by truck owner exceeds Rs. 1 Cr

TAX TALK-20.07.2015-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant No tax audit required even if receipt...

Article ID: 1259

Deductor liable for penalty @ Rs. 100/- per day if TDS certificates are not downloaded

TAX TALK-27.07.2015-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Deductor liable for penalty @ Rs. 100...

Article ID: 1281

NRI: Basic exemption limit cannot be reduced from LTCG

TAX TALK-03.08.2015-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant NRI: Basic exemption limit cannot be ...

Article ID: 1293

ITR FORMS: THE WAIT IS FINALLY OVER

TAX TALK-10.08.2015-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant ITR FORMS: THE WAIT IS FINALLY OVER ...

Article ID: 1295

Penalty under section 271D not leviable where cash accepted to meet exigencies of business

Property transactions also added in section 269SS & 269T. Obviously, 271D importance would be rising day by day: Commissioner of Income Tax v. ...

Article ID: 1296

Addition on account of cash credit- In favor of Assessee

DEPUTY COMMISSIONER OF INCOME TAX vs.VKA FINANCE & INVESTMENT CO. AHMEDABAD TRIBUNAL IIncome—Cash credits— AO noticed a...

Article ID: 1297

Filing of appeal with complete knowledge of its fate by the Revenue only reflects the mischievous adamancy to attempt to mislead the Tribunal and waste the time of the Court and the officers concerned.

IT : Filing of appeal with complete knowledge of its fate by the Revenue only reflects the mischievous adamancy to attempt to mislead the Tribunal and...

Article ID: 1298

I-T - Whether Sec 54F benefit is available to assessee when construction work though has started but is not yet complete in all respects within stipulated period

2015-TIOL-1841-HC-KAR-IT CIT Vs B S Shanthakumari I-T - Whether Sec 54F benefit is available to assessee when constructi...

Article ID: 1299

IT : Deduction of TDS under wrong provision of law will not save assessee from disallowance u/s 40(a)(ia)

The ratio may be a case specific and may not sustain longer. Further, if deduction rate is same in two sections, wrong mentioning of sectio...

Article ID: 1300

Bogus sales and purchases: Reliance on statement of supplier who confesses to providing accommodation entries without giving assessee right of cross-examination violates principles of natural justice and the addition has to be deleted in toto

ACIT vs. Tristar Jewellery Exports Pvt. Ltd (ITAT Mumbai) COURT: ITAT Mumbai CORAM: A. D. Jain (JM), Rajen...

Article ID: 1301

Section 271(1)(c) provides that penalty can be only imposed if the authority was satisfied that any person had concealed particulars of his income or furnished inaccurate particulars of such income

COMMISSIONER OF INCOME TAX vs.DALIMA DYECHEM INDUSTRIES LTD. HIGH COURT OF BOMBAY - Penalty u/s 271(1)(c)—Levy of&mdash...

Article ID: 1302

INVESTMENT IN PLOT IS ELIGIBLE FOR CAPITAL GAIN EXEMPTION

TAX TALK-17.08.2015-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant INVESTMENT IN PLOT IS ELIGIBLE FOR CA...

Article ID: 1303

Scope of Section 2(15)- In Favor of Assessee

IT : Where motive of assessee is not generation of profit but to provide training to needy women in order to equip or train them and make them self-co...

Article ID: 1304

S. 234B interest is automatic if conditions are met. Form I.T.N.S. 150 is a part of the assessment order and it is sufficient if the levy of interest is stated there

CIT vs. Bhagat Construction Co. Pvt. Ltd (Supreme Court) COURT: Supreme Court CORAM: A.K. Sikri J.,&nbs...

Article ID: 1305

Failure to deduct taxes or wrong deduction of TDS

Failure to deduct taxes or wrong deduction of TDS (non deposit, short deposit or late deposit): Default/ Failure Section &nb...

Article ID: 1306

S. 115JB: Deptâ€™s grievance that if amount is not credited to P&L A/c, accounts are not correctly prepared as per Schedule VI to the Companies Act, 1956 and adjustment to book profits can be made is not acceptable if auditors and ROC have not found fault

CIT vs. Forever Diamonds Pvt. Ltd (Bombay High Court) COURT: Bombay High Court CORAM: M. S. Sanklecha J...

Article ID: 1307

S. 115JB: Amount towards waiver of loan under OTSS, credited to "General Reserves" and not to the P&L Account cannot be added to "book profits"

S. 115JB: Amount towards waiver of loan under OTSS, credited to "General Reserves" and not to the P&L Account cannot be added to "b...

Article ID: 1308

Interest on NPAs and Stick Loans, even if accrued as per the mercantile system of accounting, is not taxable as per prudential norms

Interest on NPAs and Stick Loans, even if accrued as per the mercantile system of accounting, is not taxable as per prudential norms CIT vs. Deogir...

Article ID: 1309

NON PAYMENT OF TDS ATTRACTS PROSECUTION

TAX TALK NON PAYMENT OF TDS ATTRACTS PROSECUTION TAX TALK CA. NARESH JAKHOTIA Chartered Accountant ...

Article ID: 1310

CM's wife case : Penalty for violation of section 269SS - Reasonable cause u/s 273B

I-T - Relief for UP Chief Minister's wife - Whether genuinity of loan transaction can be doubted merely on ground of its acceptance in cash, when ...

Article ID: 1311

Interest on Housing loan shall be restricted to Rs. 30,000/- if construction not completed within 3 years

TAX TALK-31.08.2015-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Interest on Housing loan shall be...

Article ID: 1312

REGISTRATION IN GST (Proposed):

Registration in GST REGISTRATION IN GST (Proposed) Registration No can be PAN based followed by alphabets, numerals etc. (Eg. 10...

Article ID: 1314

Compulsory manual selection of cases for scrutiny during the Financial Year 2015-2016

Compulsory manual selection of cases for scrutiny during the Financial Year 205-2016 To Government of India Ministry of Finance ...

Article ID: 1317

Assessee with Multiple businesses & Applicability of Tax Audit limit of Rs. 1 Crore

TAX TALK-07.09.2015-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Assessee with Multiple businesses &...

Article ID: 1318

Scratch cards & Lottery schemes are subject to Tax Deduction at Source

TAX TALK-14.09.2015-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Scratch cards & Lottery schemes are...

Article ID: 1322

Do understand Clubbing provision before making Gift - A family route to save tax

TAX TALK-21.09.2015-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Do understand Clubbing provision before...

Article ID: 1323

CBDT told to extend the date of filing return !! Strictures passed against CBDT !!

â€‹ All Gujarat Federation Of Tax Consultants vs. CBDT (Gujarat High Court) Strictures passed against CBDT for being lax and delaying issuing...

Article ID: 1325

TDS credit can be claimed even if it is not deposited by the Deductor

TAX TALK-28.09.2015-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant TDS credit can be claimed even if it is...

Article ID: 1326

Income tax return can be filed for 6 assessment years to claim TDS Refund

TAX TALK-05.10.2015-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Income tax return can be filed for 6 as...

Article ID: 1327

Holding more than one PAN card

TAX TALK-12.10.2015-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Holding more than one PAN card ...

Article ID: 1329

Senior Citizen Saving Scheme- An investment cum tax saving option for senior citizen

TAX TALK-26.10.2015-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Senior Citizen Saving Scheme- An invest...

Article ID: 1331

Taxation of income from delivery based / intra-day share trading and F & O Transactions

TAX TALK-26.10.2015-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Taxation of income from delivery based / in...

Article ID: 1332

How long should I keep my income tax records?

TAX TALK-02.11.2015-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant How long should I keep my income ta...

Article ID: 1333

Death doesnâ€™t absolve the person from tax liability

TAX TALK-09.11.2015-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Death doesn’t absolve the per...

Article ID: 1336

Whether gift from relatives are really tax exempt?

See the file attached for the Charts incorporated in the Presentation TAX TALK-16.11.2015-THE HITAVADA TAX TALK CA. NARES...

Article ID: 1337

How to deal with the notice received for non filing of income tax return

See the word file attached along with the mail for viewing the Images incorporated in the Column. TAX TALK-23.11.2015-THE HITAVADA ...

Article ID: 1339

How to deal with the notice received for non filing of income tax return ?

...

Article ID: 1341

How to get Income tax refund speedily?

TAX TALK-30.11.2015-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant How to get Income tax refund speedily? Query 1] Kin...

Article ID: 1342

Housing loan & tax treatment of pre-construction period interest

TAX TALK-07.12.2015-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Housing loan & tax treatment of pre-construction pe...

Article ID: 1347

Income Tax may be payable even if there is no actual income

TAX TALK-14.12.2015-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Income Tax may be payable even if there...

Article ID: 1349

Age has special privileges in the Income Tax Law

TAX TALK-21.12.2015-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Age has special privileges in the Income Tax Law ...

Article ID: 1351

Avail tax benefit if living in a rented premises

TAX TALK-28.12.2015-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Avail tax benefit if living in a rented premises &...

Article ID: 1352

Avoid casualness in submission of Form No.15G/15H

TAX TALK-04.01.2016-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Avoid casualness in submission of Form No.15G/15H...

Article ID: 1353

New PAN Quoting requirement

...

Article ID: 1354

Income tax department acting tough against the Non filers

TAX TALK-11.01.2016-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Income tax department acting tough against the No...

Article ID: 1377

Taxability in case of Joint Bank FDR

TAX TALK-18.01.2016-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Taxability in case of Joint Bank FDR Que...

Article ID: 1379

Issues in taxation of Bonus & splitting of Shares

TAX TALK-25.01.2016-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Issues in taxation of Bonus & splitting of Sh...

Article ID: 1380

Ownership of land is not a pre-requisite for having agricultural income

TAX TALK-01.02.2016-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Ownership of land is not a pre-requisite for havi...

Article ID: 1383

Beware, there is a penalty for property transactions in cash

TAX TALK-08.02.2016-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Beware, there is a penalty for property transacti...

Article ID: 1384

File the return in time to enjoy the benefit of carry forward of loss

TAX TALK-15.02.2016-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant File the return in time to enjoy the benefit of c...

Article ID: 1386

Not actual rent, House property is taxable on the basis of its Annual Value

TAX TALK-22.02.2016-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Not actual rent, House property is taxable ...

Article ID: 1389

Avail additional tax bonanza by investing Rs. 50,000/- in National Pension Scheme (NPS)

Avail the Tax Bonanza by investing Rs. 50,000/- in NPS CA Naresh Jakhotia One of the biggest tax saving bonanza by th...

Article ID: 1391

Reduce the tax liability on arrears of salary by claiming relief u/s 89

TAX TALK-29.02.2016-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Reduce the tax liability on arrears of salary by ...

Article ID: 1395

Minorâ€™s income is not subject to clubbing provision in the hands of the Grandfather or Grandmother

TAX TALK-07.03.2016-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Minor’s income is not subject to club...

Article ID: 1396

Medical reimbursement for treatment in approved private hospital is tax free

TAX TALK-14.03.2016-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Medical reimbursement for treatment in appr...

Article ID: 1398

Profit arising from sale of property & Tax saving options

TAX TALK-21.03.2016-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Profit arising from sale of property & ...

Article ID: 1399

Tax deduction towards medical treatment & maintenance of a dependant with disability

TAX TALK-28.03.2016-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Tax deduction towards medical treatment &am...

Article ID: 1400

New option for saving Long Term Capital Gain Tax

TAX TALK-04.04.2016-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant New option for saving Long Term Capital Gai...

Article ID: 1404

Scholarship received to meet the cost of education is tax free

TAX TALK-18.04.2016-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Scholarship received to meet the cost of ed...

Article ID: 1405

Non filers may take the benefit of Income Disclosure Scheme-2016

TAX TALK-25.04.2016-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Non filers may take the benefit of Income D...

Article ID: 1406

The difference between tax avoidance and tax evasion is the thickness of a prison wall. Tax Talk - My weekly column

...

Article ID: 1408

Eligible Start-up - 100% Tax Holiday for 3 years

TAX TALK-02.05.2016-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Query 1] Start up India ...

Article ID: 1410

Capital gain exemption if Construction is done on the plot owned by spouse

~~TAX TALK-09.05.2016-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Capital gain exemption if Const...

Article ID: 1420

Intricacies in Columns of revised Form No. 15G & 15H

TAX TALK-16.05.2016-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Intricacies in Columns of revised Form No. ...

Article ID: 1421

CBDT has revised the due date for filing TDS Return (TCS returns filing date unchanged)

The CBDT vide Notification No. 30/2016 [F.NO.142/29/2015-TPL], Dated 29-4-2016 has revised the du...

Article ID: 1424

Tax treatment of gratuity received by LIC agent

TAX TALK-23.05.2016-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Tax treatment of gratuity received by LIC a...

Article ID: 1425

No excuse, Purchasing property below stamp duty valuation is taxable

~~TAX TALK-30.05.2016-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant No excuse, Purchasing property ...

Article ID: 1426

Court recongnised the concept of accountability- A judgement by Bombay High Court

~~Larsen & Toubro Limited vs. UOI (Bombay High Court) Reluctance of AOs to comply with binding Court judgements leads to negative reactions amo...

Article ID: 1431

Not all proceeds from Life Insurance policies are tax free

TAX TALK-06.06..2016-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Not all proceeds from Life Insurance polic...

Article ID: 1435

Know clubbing provision before gifting to wife

Know clubbing provision before gifting to wife TAX TALK-13.06.06.2016-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Charte...

Article ID: 1437

Joint development agreement & capital gain tax

TAX TALK-20.06.06.2016-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Joint development agreement & capita...

Article ID: 1439

Residential status vs. Taxability of Income

TAX TALK-27.06.06.2016-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Residential status vs. Taxability of Inc...

Article ID: 1440

Residential status vs. Taxability of Income

TAX TALK-27.06.06.2016-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Residential status vs. Taxability of Inc...

Article ID: 1441

Disclose exempt income while filing ITR

eTAX TALK-04.07.2016-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Disclose exempt income while filing ...

Article ID: 1442

Save additional tax by investing in NPS

TAX TALK-11.07.2016-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Save additional tax by investing in N...

Article ID: 1444

Medical expenses offers tax benefit

TAX TALK-18.07.2016-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant M...

Article ID: 1446

Capital gain on transaction by Power of Attorney (POA)

TAX TALK-25.07.2016-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Capital gain on transaction by Power ...

Article ID: 1447

Pay as you earn - Advance Tax

TAX TALK-01.08.2016-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Pay as you earn - Advance Tax ...

Article ID: 1450

Sukanya Samriddhi Account: New scheme for a Girl Child In India

TAX TALK-22.08.2016-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Sukanya Samriddhi Account: New scheme...

Article ID: 1455

Taxpayers are entitled to get interest on income tax refund

TAX TALK-29.08.2016-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Taxpayers are entitled to get interest ...

Article ID: 1456

Claim income tax refund for the last 6 years or carry forward the loss even if return is not filed

TAX TALK-05.09.2016-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Claim income tax refund for the last 6 ...

Article ID: 1459

Seller should obtain PAN if bill amount exceeds Rs. 2 Lakh

TAX TALK-12.09.2016-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Seller should obtain PAN if bill amou...

Article ID: 1461

How to invest in National Pension Scheme (NPS)

TAX TALK-19.09.2016-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant How to invest in National Pen...

Article ID: 1462

Issues in Capital gain taxation

TAX TALK-26.09.2016-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Issues in Capital gain taxation &nbs...

Article ID: 1463

NRI can continue making deposit in the existing PPF account

TAX TALK-03.10.2016-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant NRI can continue making deposit in th...

Article ID: 1464

CBDT amends format of 3CD Report wef 01.04.2017

CBDT amends format of 3CD Report wef 01.04.2017 In the Income-tax Rules, 1962, in Appendix II , in Form No. 3CD, in Part-B, in claus...

Article ID: 1466

Exchange of property results in capital gain tax liability

TAX TALK-10.10.2016-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Exchange of property results in capit...

Article ID: 1467

Categorization of shares income decides its taxability

TAX TALK-17.10.2016-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Categorization of shares inco...

Article ID: 1468

Whether two adjacent flats can be regarded as â€œOne â€ house property

TAX TALK-24.10.2016-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Whether two adjacent flats can be reg...

Article ID: 1469

Keep proper records & documents of expenditure incurred on property for claiming deduction

TAX TALK-07.11.2016-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Keep proper records & documents of ...

Article ID: 1471

Demonetization of money & income tax

TAX TALK-14.11.2016-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant &nb...

Article ID: 1472

Write up on the controversial issue- whether penalty @ 200% leviable for unaccounted cash deposit: Tax Talk Dated 21.11.2016

TAX TALK-21.11.2016-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Whether 200% penalty levi...

Article ID: 1473

Even self employed person can claim deduction towards rent of house property

X TALK-28.11.2016-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Even self employed person can c...

Article ID: 1474

Pradhan Mantri Garib Kalyan Yojna- 2016: Last call to come clean

TAX TALK-05.12.2016-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Pradhan Mantri Garib Kalyan Yojna- 20...

Article ID: 1476

Purchase of rural agricultural land below stamp duty value is not liable for notional taxation

TAX TALK-12.12.2016-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Purchase of rural agricultura...

Article ID: 1477

No tax on receipt of accidental death claim

TAX TALK-19.12.2016-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant No tax on receipt of accidental death...

Article ID: 1478

Service tax on under construction property

Service tax on under construction property Ku. Neelam Kabra - Article Assistant -SSRPN & CO Law & its interpr...

Article ID: 1479

Investment in 5 years fixed deposits also offers tax benefit

TAX TALK-26.12.2016-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Investment in 5 y...

Article ID: 1480

Senior citizens are exempt from payment of advance tax

TAX TALK-02.02.2017-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Senior citizens are exempt from payme...

Article ID: 1481

Senior citizens are exempt from payment of advance tax

TAX TALK-02.01.2017-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Senior citizens are exempt from pay...

Article ID: 1483

Claim Tax Credit on Foreign Income of a Resident

TAX TALK-09.01.2017-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Claim Tax Credit on Foreign Income of...

Article ID: 1487

Medical expense on cancer & tax deduction

TAX TALK-16.01.2017-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Medical exp...

Article ID: 1488

Tax implications on relinquishment deed amongst family members

TAX TALK-23.01.2017-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Tax implications on relinquishment de...

Article ID: 1489

TDS ON PAYMENT TO CONTRACTORS AND SUB-CONTRACTORS UNDER SECTION 194C AN OVERVEIW

TDS ON PAYMENT TO CONTRACTORS AND SUB-CONTRACTORS UNDER SECTION 194C AN OVERVEIW By Reema Agrawal – Article Assistant - SSRPN &a...

Article ID: 1490

New retail investors are eligible for tax benefit u/s 80CCG

TAX TALK-30.01.2017-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant New retail investors are elig...

Article ID: 1496

Keep proper records & documents of expenses for claiming deduction

TAX TALK-06.02.2017-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Keep proper records & documents o...

Article ID: 1499

Income tax is not always on real Income

TAX TALK-13.02.2017-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Income tax is not always on real Inco...

Article ID: 1500

Second house property: Income tax without actual income

TAX TALK-20.02.2017-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Second house property: Income tax wit...

Article ID: 1501

Tax deduction on education loan taken for higher studies

TAX TALK-27.02.2017-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Tax deduction on education loan taken...

Article ID: 1502

How to comply with the Non-filers Monitoring System (NMS) notices

TAX TALK-06.03.2017-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant How to comply with the Non-filers Mon...

Article ID: 1507

Revision in the base year would result in tax saving

TAX TALK-13.03.2017-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Revision in the base year would...

Article ID: 1508

Tax Relief to the property owners signing Joint Development Agreement

TAX TALK-20.03.2017-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Tax Relief to the property owners sig...

Article ID: 1509

Promoting affordable housing scheme by tax sops to builders & developers

TAX TALK-27.03.2017-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Promoting affordable housing scheme b...

Article ID: 1510

Without actual income also, Income tax can be levied:Tax Talk

TAX TALK-03.04.2017-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant No Income- No Tax is not the law &nb...

Article ID: 1511

All about tax benefit on Education Loan

TAX TALK-10.04.2017-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant All about tax benefit on Education Lo...

Article ID: 1512

Tax issues in Joint Development agreement signed before 01/04/2017

FINAL TAX TALK-17.04.2017-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Tax issues in Joint De...

Article ID: 1513

Surgical strike on cash- accepting cash of Rs. 2 Lakh and more is an offence now- Section 269ST

Surgical strike on cash- accepting cash of Rs. 2 Lakh and more is an offence now- Section 269ST CA. Naresh Jakhotia- Chartered Accountant ...

Article ID: 1516

Ownership of House property & Deduction on Housing Loan

TAX TALK-24.04.2017-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Ownership of House property & Ded...

Article ID: 1517

Even cash deposited in new currency is required to be reported in new ITR

TAX TALK-01.05.2017-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Even cash deposited in new cu...

Article ID: 1519

LTCG exemption will be withdrawn if the new house is transferred within 3 years

TAX TALK-08.05.2017-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant LTCG exemption will be withdr...

Article ID: 1521

I-T department is very efficiently capturing & analyzing the data

TAX TALK-15.05.2017-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant I-T department is very efficiently ca...

Article ID: 1523

File Statement of Financial Transactions (SFT) by 31st May 2017

TAX TALK-22.05.2017-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant File Statement of Financial Transacti...

Article ID: 1524

No SFT to be filed if there is no reportable transaction

TAX TALK-29.05.2017-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant To curb circu...

Article ID: 1526

Issues in taxation of capital gain

TAX TALK-05.06.2017-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant For exemption u/s 54, investment of...

Article ID: 1533

Proper documentations & planning could lower tax incidence

TAX TALK-12.06.2017-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant U/s 56(2)(x), if anyone purchases a...

Article ID: 1538

ELSS income is totally tax free

TAX TALK-19.06.2017-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Equity Linked Savings Scheme (ELSS)...

Article ID: 1541

Cost Inflation Index for the FY 2017-18 notified as â€œ272â€

TAX TALK-26.06.2017-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Any taxpayer selling the ol...

Article ID: 1546

Income tax without actual income: Second house property

TAX TALK-03.07.2017-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Tax treatment of the second...

Article ID: 1547

Invest in Gold through Gold Sovereign Bond

TAX TALK-10.07.2017-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Investment in...

Article ID: 1550

Income tax law incorporates numerous provisions to curb cash transactions. It will not only help in controlling black money generation but would also widen the tax base: Tax Talk

TAX TALK-17.07.2017-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant New section 269ST is introd...

Article ID: 1551

Quoting of PAN is mandatory if transaction value exceeds Rs. Rs. 2 Lakh

TAX TALK-24.07.2017-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant There...

Article ID: 1552

Taxation of Alimony

TAX TALK-31.07.2017-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant The j...

Article ID: 1555

Payment for eviction of tenant is eligible for deduction

TAX TALK-07.08.2017-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Capital gain is calculated by deducting the cost of acq...

Article ID: 1556

Payment for eviction of tenant is eligible for deduction

TAX TALK-07.08.2017-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Capital gain is calculated by...

Article ID: 1557

Interest on Saving Bank account up to Rs. 10,000/- is eligible for deduction u/s 80TTA

sTAX TALK-14.08.2017-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Section 80TTA ...

Article ID: 1558

Professionals excluded from maintaining accounts if offers 50% of receipt as income

The taxability of receipt depends upon the relationship between the payer and payee. If the employer / employee relationship exists then income would ...

Article ID: 1559

Unsold flats of builders attracts tax on notional basis

TAX TALK-28.08.2017-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Notional taxation in the case...

Article ID: 1560

Tax benefit on donation to approved trust

TAX TALK CA. NARESH JAKHOTIA Advance tax Rules: Calculation of advance tax purely involves estimation of tax li...

Article ID: 1561

NRI & taxation of mutual fund investments

NRI & taxation of mutual fund investments Query 1] My daughter purchased shares of Persistent Systems Ltd in 2009. She became NRI since ...

Article ID: 1562

Even small size firm are to get its accounts audited if income offered for taxation is less than 8%

TAX TALK-18.10.2017-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Amendment so ...

Article ID: 1563

Change in the base year from 1981 to 2001 is for all classes of assets

TAX TALK-02.10..2017-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant The change in the base...

Article ID: 1564

An additional compliance of submitting estimated current Income & Advance tax payment

TAX TALK-02.10..2017-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Proposed amendment r...

Article ID: 1567

Merger, Demerger & Amalgamation- Tax implications on shareholder

TAX TALK-09.10.2017-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant There is a tax conces...

Article ID: 1568

Belated filed return can also be revised now

TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Error in income tax return forms can be corrected by filing a revis...

Article ID: 1569

Taxation of F & O transactions

TAX TALK-23.10.2017-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant The most crucial point arises with ...

Article ID: 1570

Interest on compensation on acquisition of land: Tax Complexity

TAX TALK-30.10.2017-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Section 145A(b) provides that inter...

Latest Articles

Publications & Blogs