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Understanding of Form 9A and Form 10

Author
Ram Dutt Sharma
08/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 455
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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: 220
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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: 476
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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: 317
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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: 278
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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: 302
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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: 204
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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: 530
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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...

Role of Witnesses in Income Tax Search and seizure proceedings

Author
Ram Dutt Sharma
08/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 203
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Role of Witnesses in Income Tax Search and seizure proceedingsA search and seizure under the Income Tax Act, 1961 has to be carried out in the presence of at least two respectable inhabitants of the locality where the se...

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: 219
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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 ...