Assessment of persons leaving India. 174. (1) Notwithstanding anything contained in section 4, when it appears to the Assessing Officer that any individual may leave India during the current assessment year or shortly after its expiry and that he has no present intention of returning to India, the total income of such individual for the period from [...]
Section 174A: Assessment of association of persons or body of individuals or artificial juridical person formed for a particular event or purpose.
November 14, 2012 by Leave a Comment
Assessment of association of persons or body of individuals or artificial juridical person formed for a particular event or purpose. 174A. Notwithstanding anything contained in section 4, where it appears to the Assessing Officer that any association of persons or a body of individuals or an artificial juridical person, formed or established or incorporated for [...]
Scrutiny Notice u/s 143(2): What Should I do?
September 2, 2012 by
Getting income tax scrutiny notice u/s 143(2) is perplexing for many tax payers , because a whole clouds hand over the duties of tax payer. He remains worried about the questions being asked in the scrutiny proceeding . Sri Manish Bhardwaj, who is salaried employee has received one such notice of scrutiny u/s 143(2) and...
Tax Audit and 44AD Limit Increased to 1 Crore !
March 17, 2012 by 3 Comments
Tax audit limit enhanced by Finance Bill 2012-13 . It is good news for all as the limit up to which a person can file tax return u/s 44AD has been enhanced to 1 Crore . Along with this good amendment, the limit for turnover upto which tax audit is not required has also been [...]
Budget 2012-13 : No Special Tax Rates for Women
March 16, 2012 by Leave a Comment
Budget 2012 has proposed new tax rates for Individuals , HUF , AOP & BOI ( Body of Individuals ) except companies but it has taken away the special status given to woman tax payers as no concessional tax rates are available to them .Finance Bill 2012 has treated men and women as equals. The new [...]
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