Understanding of Form 9A and Form 10

Author
Ram Dutt Sharma
08/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 145
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Understanding of Form 9A and Form 10The Finance Act, 2015 amended section 11 and section 13 of the Act with effect from 01.04.2016 (Assessment year 2016-17). Consequently, Income-tax Rules, 1962 (hereafter ‘Rules’) w...

Interest on excess refund granted to the assessee [Section 234D]

Author
Ram Dutt Sharma
08/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 96
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Interest on excess refund granted to the assessee [Section 234D]The provisions of section 234D in the Income-tax Act were intro-duced for the first time by the Finance Act, 2003, with effect from 1st June, 2003 (the date...

Taxation on Retirement of a Partner from a partnership firm

Author
Ram Dutt Sharma
08/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 160
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Taxation on Retirement of a Partner from a partnership firmWhen one or more partners leave the firm and the remaining partners continue to do the business of the firm, it is known as retirement of a partner. A partn...

Understanding of Audit report Form 10B and Form 10BB for Charitable trusts/institutions

Author
Ram Dutt Sharma
08/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 99
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Understanding of Audit report Form 10B and Form 10BB for Charitable trusts/institutionsWhy is Audit of Charitable & Religious Trusts or institutions RequiredThe principal aim of this audit is to enable the assessing ...

Understanding of Audit report Form 10B and Form 10BB for Charitable trusts/institutions

Author
Ram Dutt Sharma
08/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 93
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Understanding of Audit report Form 10B and Form 10BB for Charitable trusts/institutionsWhy is Audit of Charitable & Religious Trusts or institutions RequiredThe principal aim of this audit is to enable the assessing ...

Payments made to Non-Residents & requirement to furnish Form No. 15CA/ Form No. 15CB/ Form No. 15CC arises from section 195(6) of the Income Tax Act, 1961

Author
Ram Dutt Sharma
08/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 145
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Payments made to Non-Residents & requirement to furnish Form No. 15CA/ Form No. 15CB/ Form No. 15CC arises from section 195(6) of the Income Tax Act, 1961Requirement to furnish Form No. 15CA / Form No. 15CB...

Allowability of Litigation expenses under the provisions of Income Tax Act, 1961

Author
Ram Dutt Sharma
08/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 115
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Allowability of Litigation expenses under the provisions of Income Tax Act, 1961The income-tax laws in India contemplate deduction of expenses incurred in the carrying on of business. In running a business, which involve...

Understanding about “Tax Residency Certificate” (TRC)

Author
Ram Dutt Sharma
08/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 246
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Understanding about “Tax Residency Certificate” (TRC)India has entered into Double Taxation Avoidance Agreements (‘DTAA’ or ‘tax treaty’) with various countries outside India for granting relief of tax / avoi...

Special provision for computing profits and gains in connection with the business of exploration, etc., of mineral oils [Section 44BB]

Author
Ram Dutt Sharma
08/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 113
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Special provision for computing profits and gains in connection with the business of exploration, etc., of mineral oils [Section 44BB]Section 44BB is a special provision for computing profits and gains of a non-resident ...

Deduction of head office expenditure in the case of non-residents [Section 44C]

Author
Ram Dutt Sharma
08/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 107
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Deduction of head office expenditure in the case of non-residents [Section 44C]Section 44C, is a non obstante clause stating that in the case of a non-resident, no allowance shall be made in respect of so much of expendi...