Taxation

Taxability of surplus on sale of shares – whether…

Section 2(14) of the Income Tax Act 1961 propounds the definition of the term ‘capital asset’’ to include property of any kind held by...
Sunil Kukreti
2 min read

Advance tax- pay while you earn

What is advance tax? Advance tax is the tax which is paid in the same fiscal year in which the income is earned. As...
Sunil Kukreti
1 min read

due dates under income tax fy 2017-18

Due dates for payment of advance tax for assesee except covered under section 44AD Instalment Due date Amount to be paid First intalment 15th...
Sunil Kukreti
43 sec read

Some issues – secondment of an expatriate

Dear Friends in continuation to my last article When an employee is seconded to a company or a group company into India, he may...
Sunil Kukreti
3 min read

Place of effective Management -POEM- A new area of…

Finance Act 2015 made an amendment in the provisions of section 6, in determining the residential status of the company. The amendment was made...
Sunil Kukreti
2 min read

Issues -while filing return of Individuals

The law relating to the filing of income tax return of individual assessee is well enumerated under section 139 of the Income Tax Act....
Sunil Kukreti
3 min read

Guidelines adhered to by CC/ DG of income tax…

CBDT had issued a circular no.11/2017 dated 24th March,2017 while exercising powers under section 119 of the Income Tax Act, for the guidance of...
Sunil Kukreti
1 min read

Taxation on income of Expatriates in India

The term expatriate is not defined in the Income Tax Act. The term means “a person residing in a foreign country. If we go...
Sunil Kukreti
3 min read

Claim of deduction under section 80C

Section 80 C of Income tax falls under chapter VI A of the income tax Act,1961. It provides for the deduction from the gross...
Sunil Kukreti
3 min read

Claim exemption for House rent allowance under Income Tax…

Yes, the basic jurisprudence of taxation hovers around the principle that “there is no equity about tax”. Equity and tax could not walk together....
Sunil Kukreti
3 min read