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 ...
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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” &...
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...
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] ...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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 ...
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 ...
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. ...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
S. 115JB: Dept’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...
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...
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...
NON PAYMENT OF TDS ATTRACTS PROSECUTION
TAX TALK NON PAYMENT OF TDS ATTRACTS PROSECUTION TAX TALK CA. NARESH JAKHOTIA Chartered Accountant ...
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 ...
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...
REGISTRATION IN GST (Proposed):
Registration in GST REGISTRATION IN GST (Proposed) Registration No can be PAN based followed by alphabets, numerals etc. (Eg. 10...
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 ...
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 &...
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...
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...
CBDT told to extend the date of filing return !! Strictures passed against CBDT !!
​ All Gujarat Federation Of Tax Consultants vs. CBDT (Gujarat High Court) Strictures passed against CBDT for being lax and delaying issuing...
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...
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...
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 ...
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...
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...
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...
Death doesn’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...
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...
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 ...
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...
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...
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...
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 ...
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 &...
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...
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...
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...
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...
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...
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...
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...
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 ...
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...
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 ...
Minor’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...
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...
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 & ...
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...
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...
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...
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...
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 ...
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...
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. ...
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...
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...
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 ...
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...
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...
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...
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...
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...
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...
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 ...
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...
Medical expenses offers tax benefit
TAX TALK-18.07.2016-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant M...
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 ...
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 ...
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...
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 ...
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 ...
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...
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...
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...
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...
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...
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...
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...
Whether two adjacent flats can be regarded as “One †house property
TAX TALK-24.10.2016-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Whether two adjacent flats can be reg...
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 ...
Demonetization of money & income tax
TAX TALK-14.11.2016-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant &nb...
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...
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...
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...
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...
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...
Service tax on under construction property
Service tax on under construction property Ku. Neelam Kabra - Article Assistant -SSRPN & CO Law & its interpr...
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...
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...
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...
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...
Medical expense on cancer & tax deduction
TAX TALK-16.01.2017-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Medical exp...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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 ...
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...
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...
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...
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...
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...
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...
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...
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...
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)...
Cost Inflation Index for the FY 2017-18 notified as “272â€
TAX TALK-26.06.2017-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Any taxpayer selling the ol...
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...
Invest in Gold through Gold Sovereign Bond
TAX TALK-10.07.2017-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant Investment in...
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...
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...
Taxation of Alimony
TAX TALK-31.07.2017-THE HITAVADA TAX TALK CA. NARESH JAKHOTIA Chartered Accountant The j...
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...
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...
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 ...
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 ...
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...
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...
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 ...
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 ...
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...
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...
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...
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...
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 ...
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...
