Browse Tag

Opinion - Page 6

Understanding The Benami Law In India: FAQs

by
March 11, 2018
··
[Source: www.mondaq.com; Article by Bharat Chugh and Kushank Sindhu, Luthra & Luthra Law Offices] In the last few months we have seen a major crackdown on Benami properties and their owners by the Government. Specialised Anti-Benami units have been set up by the Income Tax department across the country and in almost every state and thousands of properties already stand

Where there is a Will there is a way to save tax

April 17, 2009
Where there is a will, there is tax saving. Many tax advantages are possible only through a will. For example, a separate income-tax file for a Hindu Undivided Family (HUF) can be established by transfer of property through a will. Similarly, bequests can be made to minor children and minor
Read More

The right medicine?

March 19, 2009
The present crisis of confidence in the audit profession among users and stakeholders, arising from recent market events has to be addressed in a fair manner. The profession, regulators and all concerned have to determine – what is the right medicine? A professional issue requires a professional response. Thus, the
Read More

Personal Tax: 10 things to do before March 31

March 9, 2009
Indian financial year runs from 1 April to 31 March. Accordingly, the Income-Tax Return is to be prepared and filed for the relevant financial year. 31st March is an important date as it marks the end of a financial year. The last few weeks are when we rush for the
Read More

Scope of an audit is different from that of an investigation

January 30, 2009
Investigators, regulators and stakeholders of fraud-hit Satyam Computer Services attribute auditor’s failure in detecting the fraud to either negligence, incompetence or blatant connivance with the promoters who cooked books for years. Ideally, auditors, who accept hefty fee, should ensure that they independently verify all documents they rely on before certifying
Read More

Taxation of in-transit sales

January 27, 2009
In a recent decision in A&G Projects & Technologies Ltd Vs State of Karnataka [(2008) VIL 40 SC], the Supreme Court has laid down certain important principles governing the taxation of inter-State sales of goods under the Central Sales Tax Act 1956 (The Act). The three key Sections 3, 6
Read More

Time to revisit dividend taxation

January 27, 2009
Taxation of dividends has given rise to an age-old controversy. The classical system taxes dividends in the hands of shareholders. It was thought that this was unfair. Profits distributed by companies have already been taxed. Why tax it again in the hands of shareholders? The argument appealed to the Government.
Read More
1 … 4 5 6 7
GoUp