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Posted On:  2 years ago


Know all about ECB- external commercial borrowings in India

What is External commercial borrowings in Indian context ? ECB is allowed/permitted to all companies/entities ? OR who is eligible to take ECB ? ECB funds can be utilised for what purposes ?

article author CA Nikesh Sheth

Posted On:  2 years ago


Taxation of Alimony

article author Sumit Gupta

Posted On:  2 years ago


Non Resident Indian Tax Exemption as per Income Tax Act

The article gives you details of Income which is not taxable in hands of Non Resident, Income which is taxable at presumptive rate and other income which are taxable at special rate.

article author CA Chirag Chauhan

Posted On:  2 years ago


Basic of Tax Audit as per Income Tax Act Frequently Asked Questions

The article provide brief on what is Tax Audit as per Income Tax Act, applicability for Individuals, forms of Audit and due date of Tax Audit and Penal Provision for non compliance of audit provision.

article author CA Chirag Chauhan

Posted On:  2 years ago


Basic Information about PAN - Permanent Account Number of Income Tax - FAQ

The Article deals with basic of PAN, its uses, benefits of obtaining PAN, transaction for which PAN is mandatory, documents required for PAN application, and how PAN is useful with various Frequently asked Question in related to PAN

article author CA Chirag Chauhan

Posted On:  2 years ago


Advance Ruling Application, Features and Restriction under Income Tax Act

Advance Ruling means written opinion or authoritative decision by an Authority empowered to render it with regard to the tax consequences of a transaction or proposed transaction or an assessment. It has been defined in section 245N(a) of the Income-tax Act, 1961 as amended from time-to-time.

article author CA Chirag Chauhan

Posted On:  2 years ago


Received Notice Intimation under section 245 of Income Tax Act How to Respond?

There are a lot of taxpayers who are receiving intimation from the Income Tax Department under Section 245 of the Income Tax Act. The mere mention of ‘Intimation’ from IT Department may sound stressful at the first instance. Taxpayer are often not able to understand the situation and what this actually means for them.

article author CA Chirag Chauhan

Posted On:  2 years ago


Tax Benefit for Disabled Person in India

Tax benefits to individual who are disabled, Parents who have dependents who are disabled including minor and certain benefits to private sector for providing employment opportunities to disabled

article author CA Chirag Chauhan

Posted On:  2 years ago


Tax Deduction and Collection Account Number TAN and Income Tax FAQ

Assessing deducting Tax at Source sometime has many question in his mind in relation to TAN Number and application of same. The article provide FAQ with respect to Tax Deduction and Collection Account Number

article author CA Chirag Chauhan

Posted On:  2 years ago


E-filing of appeal before CIT-Appeals is made mandatory

The Income tax Department on 30.12.2015 has announced for providing efficient taxpayers services to digitize various functions.

article author CA Chirag Chauhan

Posted On:  2 years ago


Mandatory PAN Provision: Challenge ahead for organised trade!

Notification No. 95/2015 dated 30th December, 2015 issued by CBDT made quoting of PAN on various transaction mandatory. The Serial no. 18 of the amended Rule 114B is real challenge for trade and business. The seller of goods or provider of service is entrusted with various responsibilities similar to existing TDS provisions. Articles decoding the provisions in short.

article author Chetan Oswal

Posted On:  2 years ago


Income Tax Compliance for Trust

Formation of Trust is an easy option. However there are compliance requirement as per Income Tax Act. Article provide you brief guidance for compliance which needs to be done as per Income Tax Act.

article author CA Chirag Chauhan

Posted On:  2 years ago


Income Tax Compliance for Partnership Firm in India

Partnership and LLP are the preferred mode to start a business. You can always scale up to form Company later on. Formation if partnership if easy process as per partnership act, however most of the time partners forget to comply with the provision of Income Tax Act. The article give you brief about compliance by Partnership Firm in relation to Income Tax Act.

article author CA Chirag Chauhan

Posted On:  2 years ago


FAQ on Service Tax returns

The online Burden of service tax related transaction is on ACES.ACES stands for Automation of Central excise and service it is the official government site which handles every now and then of service tax through online which begins from registration (ST-1) to filing return of service tax (ST-3). A new service tax assessee doesn’t know the X Y Z of the service tax site (ACES). He/she may even not know how to file statutory Service tax returns using ACES tax application or he doesn’t have the knowledge which return to file online or when to file(period of return filing)etc. To solve the doubt of the new assessees below are some questionnaires for them with the solution:

article author One Roof Consultant

Posted On:  2 years ago


FAQs on filing of returns using EXCEL downloadable utility & service tax returns using web-form (online)

As everything which is manual and time consuming has become online and become hassle free. The forms for payment of tax are also made available online one can download the form and fill the details and upload the form online. Same is in the case of Service tax return the ACES site provide the assessee the facility to download EXCEL downloadable utility and through the use of this utility the assessee can fill the details and generate XMl which latter can be uploaded on the ACES site through the assessees account. But everything has its own difficulties the assessee may face various difficulties like the utility is supportable for certain versions of EXCEL only. The utility may get updated every now and then so filing the return in an old utility may be a wrong decision. The assessee may not know the steps to fill the utility. The assessee must give attention to the below FAQs before making the use of EXCEL utility

article author One Roof Consultant

Posted On:  2 years ago


FAQ FOR ST3 SERVICE RETURN:

Service tax return is filed generally either yearly, monthly, quarterly or half yearly the assessee may not having the knowledge that whether is eligible to file return yearly, monthly, quarterly or half yearly. He/ She may not have the knowledge whether he is liable to file/pay service tax or not as we know negative list assessee is excluded from payment of service tax. The assessee may not know the method to file the return or may not know how to fill the data in the return. He may wrongly fill any field in the return. To solve this problem below are some questionnaires which will help you to evolve you of the problems faced at the time of filing the online return:

article author One Roof Consultant

Posted On:  2 years ago


FAQ on Service Tax returns, on-line Payment of Service tax and Dealer/Importer Service tax Return

The online Burden of service tax related transaction is on ACES.ACES stands for Automation of Central excise and service it is the official government site which handles every now and then of service tax through online which begins from registration (ST-1) to filing return of service tax (ST-3). A new service tax assessee doesn’t know the X Y Z of the service tax site (ACES). He/she may even not know how to file statutory Service tax returns using ACES tax application or he doesn’t have the knowledge which return to file online or when to file(period of return filing)etc. To solve the doubt of the new assessees below are some questionnaires for them with the solution:

article author One Roof Consultant

Posted On:  2 years ago


FAQ on Employee Provident Fund Act 1952-Administrative provision of act

Q1) Does central government has the power to make employee PF act applicable to establishment to whom this act does not applies earlier? Answer / Interpretation of Act: If any establishment is having its own rules and regulation before this act came into power then the central government may make a notification in official gazette make the provision applicable to such other establishments.(For detail information refer bare act). Related section with Bare Act:

article author One Roof Consultant

Posted On:  2 years ago


Employee Provident Fund act 1952- Recovery Provision

Q1) what are the various made of recovery of money due from the employer? Answer / Interpretation of Act: There are various made of recovery of money due from the employer under the employee PF act (For details refer bare act). Related section with Bare Act: “Section - 8, Mode of recovery of moneys due from employers Any amount due—

article author One Roof Consultant