Month: January 2018

Law On Offenses By Companies And Prosecution Of Directors

Section 278B of the Income-tax Act imposes draconian consequences of prosecution upon directors for offenses committed by the Company. Advocate Rahul K. Hakani has explained the nature and scope of liability and also drawn attention to all the important judgements

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Guide To Offenses And Prosecutions Under The Income-tax Act, 1961 (With Video)

Dr. K. Shivaram, Sr. Advocate, has conducted a comprehensive analysis of the law and procedure relating to offenses and prosecution under the Income-tax Act, 1961. He has made reference to all important case laws and circulars issued by the CBDT on the subject and explained the entire law in a succinct manner

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BEPS: Master File and CbCR: Step Towards Making World One Tax Jurisdiction

CA Chaitanya Maheshwari and Advocate Ameya Khare have explained the entire law and practice relating to Master File (MF) documentation and Country-by-Country Reporting (CbCR) as are applicable under sections 92D and 286 of the Income-tax Act, 1961 read with the OECD guidelines on ‘Base Erosion and Profit Shifting’ (BEPS)

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A Subtraction Which Needs Addition – Section 16(1) Of The I.T. Act, 1961 – Standard Deduction Of Salary Class

CA Prarthana Jalan has argued that though the salaried class of taxpayers pays taxes honestly, they have been given a raw deal by the Government. She claims that the removal of the age-old right to claim standard deduction is discriminatory and unjust and contrary to the prevailing international practice. She has pleaded that the Finance Minister should undo the injustice meted out to the salaried taxpayers by restoring the standard deduction in the forthcoming Budget

Allocation Of Separate Budget For Tax Sites/Govt Portals Is The Need Of The Hour

CA Prarthana Jalan has argued that the frequent breakdowns of the Government’s websites has put the Government in bad light and is making mockery of the grandiose digital India plans. She has pleaded that the Finance Minister should allocate funds towards beefing up the infrastructure so that the websites are able to take the ever-increasing number of taxpayers


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