Accrual of income [Abhas Singh]
Taxation of income needs to take into account two important factors – firstly, the scope of tax must be wide enough to ensure the state does not overwhelmingly rely on a set of people and secondly, the quantum of taxation must be so much as to not to offset the incentive to earn more money. However, in today’s era of complex transactions it has become even more difficult to zero in onto a particular stage in transactions to identify the point in time when the income may be assumed to have reached a person and at which juncture it is advisable to tax the income in the hands of that particular individual.
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''Business connections'' under s.9 of the Income Tax Act - gradual changes and development [Swati Upadhyay]
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The principle of application and diversion of income [Manita Doshi]
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Carry forward of business losses [Anand Srivastava]
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An introduction of international taxation [Sahil M Shah]
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A brief note on the Fringe Benefit Tax [Nikhil Jalan]
Employers cringe not only at the new fringe cost that has to be added to their employee expenditure, but also at the cost of compliance. It is also very clear that the tax is not on income but on expenditure, thus violating a basic tenet of income taxation, and not in the spirit of liberalisation to bring in maximum foreign investments.
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Awaiting vehicle loan EMIs under Section 80C [Jaydeep Menon]
The inclusion of vehicle EMI in the 80 C benefit limit would foster the demand for passenger vehicles and in turn benefit the automobile parts industry. The increased sales will bring out good valuations for the IPO for the emerging companies in the automobile industry.
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Capital gains from the sale of shares: Is differential treatment justified? [M V Pratap Kumar]
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The National Tax Tribunal: Transgressing constitutional limits? [K Parameshwar]
The Act is bound to raise constitutional issues of immense significance as to validity of conferral of the power and functions of the Tribunal, the exercise of such powers and functions, and the concept of judicial review under the Constitution.
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Exemptions Available To Educational Institutions Under The IT Act [Promode Murugavelu]
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Capital Gains Taxation Under The Income Tax Act 1961 [Alvine Ethan Lyngwa]
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An Understanding Of The Method Of Valuation Of Shares And An Analysis Of The Legal Provisions Related To The Valuation Of Shares [Alvine Ethan Lyngwa]
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