CA Paras Dawar has systematically set out all the amendments proposed to be made to the Direct Tax Laws by the Finance Bill 2018 in a tabular format. He has then compared the amendments with the existing law and explained the precise impact of the proposed amendments. He has also systematically bifurcated the amendments based on whether they have financial implications or make changes in compliance procedures or affect the departmental procedure. The format prepared by the author makes it easy to come to grips with all the changes in one glance
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Year: 2018
Law On Bail, Anticipatory Bail, Discharge And Quashing Of Proceedings Under Direct Taxes
Advocate Aditya R. Ajgaonkar has pointed out that the aggressive approach of the CBDT with regard to launching prosecution for offenses under the Direct Tax Laws means that all taxpayers and professionals have to be abreast with the provisions in …
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The Law On Taxability Of Cash Credits U/s 68 In The Context Of The Negotiable Instruments Act, 1881
CA Dev Kumar Kothari has explained the nuances of the law relating to taxability of unexplained cash credits under section 68 of the Income-tax Act, 1961 in the context of the Negotiable Instruments Act, 1881. He has made copious reference to the statutory provisions and judicial pronouncements on the issue
Finance Bill 2018 – Salary – Drafting Mistakes – Reasonably Higher Deduction Is Desirable
CA Dev Kumar Kothari has argued that there is a drafting mistake in the Finance Bill 2018 relating to the grant of standard deduction. He has explained what that mistake is and offered suggestions on how it can be rectified
Budget 2018: The return of tax regime for Long-Term Capital Gains in a new Avatar
The proposal in the Finance Bill 2018 to reintroduce tax on long-term capital gains on shares has created confusion amongst taxpayers and investors. CA Vyomesh Pathak has analyzed the proposed amendments and explained their implications with reference to practical examples
Budget 2018: Analysis Of Direct Tax Proposals
CA Vidhan Surana & CA Sunil Maloo have conducted a succinct analysis of the provisions of the Finance Bill 2018 and explained the important amendments that it seeks to incorporate in the Direct Tax law. The authors have also given practical examples to explain the impact of the amendments
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
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)
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