Alternate Minimum Tax (AMT) For Other Than Corporate Assessee – From A.Y. 2013-14 .-Section 115JC  TO 115 JF Meaning- Alternate minimum tax means the&n...

DIRECT TAXES PROPOSALS UNION BUDGET 2015-2016:  MAJOR DIRECT TAX PROPOSALS   Measures to Curb Black Money: It is also proposed to amend section 2...

Section 56(2) (viia) of the Income Tax Act, 1961 talks about transfer of shares of a closely held company. This section is applicable if the following conditions are sat...

The first thing which comes to mind when we think of Income Tax Act is the complexity of the law. The income tax department has put in a lot of effort to simplify tax law...

It is believed that to get correct picture of financials of a business, the financials of the subsidiaries & joint ventures of the company should be analyzed together...

As you are aware, for the first time in the world, India as a country introduced a statutory requirement for the corporate sector to discharge their social responsibility...

Rule 37 BB of the Income- Tax Rules has been amended to strike a balance between reducing the burden of compliance and collection of information under section 195 of the ...

Private Limited Company, OPC and LLP- a comparison   The structure of the three most preferred business entities in India-Private Limited Company (PLC), One Person...