Income Tax deductions for A.Y. 2013-14 / FY 2012-13

Income Tax deductions for A.Y. 2013-14 / FY 2012-13 Posted: 25 Jan 2013 07:23 PM PST DEDUCTION IN RESPECT OF LIFE INSURANCE PREMIA, DEFERRED ANNUITY, CONTRIBUTIONS TO PROVIDENT FUND, SUBSCRIPTION TO CERTAIN EQUITY SHARES OR DEBENTURES, ETC. [SEC. 80C, APPLICABLE FROM THE ASSESSMENT YEAR 2006-07] - SECTION 80C 1. Under section 80C, deduction would be available from gross total... Intellectual Property Rights -Taxation Aspect Posted: 25 Jan 2013 06:41 PM PST Intellectual property rights (IPR) have become important in the face of changing trade environment which is characterized by the following features namely global competition, high innovation risks, short product cycle, need for rapid changes in technology, high investments in research and... Demerger- Tax Implication on Individual Posted: 25 Jan 2013 06:26 PM PST Rajesh Dhawan B.Com. MBA(Finance) Introduction:- The term 'demerger' simply means one company transferring one or more of its business operations into another company(s). The company that transfers such business operation is known as the "demerged" company, while the company to which the business... Royalties and Fees for Technical Services [Article 12] Posted: 25 Jan 2013 06:17 PM PST Whether or not the royalty/fees for technical services is taxable in India in the hands of the non-resident, will depend on provisions of Income Tax Act, 1961 ('Act') and the relevant Double Taxation Avoidance Agreement, if any. Further whether such royalty/ fees for technical services will also be... Engineering, Procurement and Construction (EPC) -Tax Implication Posted: 25 Jan 2013 06:12 PM PST EPC Contracts refers to an Engineering, Procurement and Construction contract. In an EPC Contract, the EPC contractor undertakes total responsibilities for the project upto the commissioning stage for a pre-agreed consideration. Place of Provision of Service Rule, 2012 Posted: 25 Jan 2013 05:56 PM PST The Rules would have applicability in the following instances. Person who deals in cross border services. Person who have operations with suppliers or customers in the state of Jammu and Kashmir. Service provider operating within India from multiple location , without having...