Tag - atul khurana

Become An Informer of Income Tax Dept. and Get Rewards up to Rs 5 Crore

The centre government has launched Income Tax Informants Reward Scheme, 2018, after superseding the 2007 award scheme, under which a person can get reward up to Rs 50 lakh for giving specific information about substantial evasion of tax on income or assets in India. Also, those informing the government about 'undisclosed black money' stashed abroad can win awards up to Rs 5 crore. Anyone who informs about Benami properties can get awards up to Rs 1 crore. The scheme comes [...]

Just a Thought – CA Students

If you are a CA Student, then read it….It's been more than 7-8 months for me to be an user of this app. Being a CA Student, i was very much active in replying to queries related to Board of Studies, Articleship, CPT, IPCC, Final subject wise issues. But, there is a particular trend which is being followed by CA Students which is not good for them. let me explain what is it…. •If someone didn't get his articleship letter then he [...]

International Taxation – Computation of ALP

Hello Readers, Hope you have read the previous parts. Click here to see the previous parts. Let’s proceed further…. Computation of ALP: I had already discussed CUP method of computation of ALP, so now let us discuss other parts: Method 2: Resale Price Method The resale price method (RPM) is a method which compares the gross margins (i.e. gross profit over sales) earned in transactions between related and unrelated parties for the determination of the ALP. The RPM requires high level of functional comparability and [...]

International Taxation – Int. Transactions, Profit Shifting, ALP Computation

Hello readers, hope you have read the previous parts in which we had covered the basics of international taxation laws and the concept of associated & deemed associated enterprises. Let’s proceed further….. International Transaction An international transaction means: a transaction between two or more associated enterprises, either or both of whom are nonresidents; and transaction in the nature of: sale/ purchase/ lease of tangible property; or sale/ purchase/ lease of intangible property; or provision of services; or lending/borrowing money; or any other [...]

International Taxation – Associated Enterprises

Hello Readers, Yesterday we have discussed about the basics of international taxation and covered basic aspects regarding the Arm Length’s Price principles and the reason behind the introduction of transfer pricing provisions in the Income Tax Act, 1961. Hope you have gone through it. Let’s proceed further and today we will cover other aspects of transfer pricing. **TP means Transfer Pricing **ALP means Arm Length Price Section 92: COMPUTATION OF INCOME FROM TRANSACTION WITH NON-RESIDENT Section 92 provides that any income arising from an “international transaction” [...]


THE PNB FRAUD The hot topic of these days is PNB scam. Everyone is sharing on social platforms that PNB is involved in the fraud of Rs.  11,500 crores approx. but everyone is not aware about the way it has happened. So, let us discuss about the one of the biggest scams of the country, The PNB Fraud. **For the purpose of this article, Foreign Bank means “Foreign branch of an Indian Bank” Before proceeding further, we should know about the LoU i.e. [...]

STOCK GYAN. (Part – 9)

Hello Readers, Till the previous parts, we had discussed completely about Long Term Debt Asset Class Instruments and started with Short Term Debt Asset class instruments under which we had discussed: Bonds Loans Bond Futures & Options on Bond Futures Interest Rate Swaps Interest Rate Caps & Floors, Interest Rate options, Exotic Derivatives Bills and Commercial Papers Deposits Also, refer the 1st part of the stock gyan series for having better understanding of the sequence and types, sub types etc. Let’s come to the [...]

STOCK GYAN. (Part-3, Loans)

Hello Readers, In the previous parts, we had discussed about the shares, share issue process & Bonds. Hope you had read the previous parts of Stock Gyan series, if not then click on the below links: Part 1: Basics Part 2: Bonds We were discussing about Long term Debt Asset class under which we had discussed completely about the Securities category which further includes Bonds. Don’t get confused. Let me remind you this hierarchy again. The parent name is Long Term Debt The child name is Securities [...]

STOCK GYAN. (Part – 1, Basics)

-Atul Khurana. Let's have a discussion on the stock markets, trading and all that stuff which must be known to one who wants to be share investor. The information will be supplied to you in parts. so, stay tuned to this website. What is Stock Market? The stock market refers to the collection of markets and exchanges where the issuing and trading of equities (stocks of publicly held companies), bonds and other sorts of securities takes place, either through formal exchanges or over-the-counter [...]

Tata Consultancy Services signs Memorandum of Understanding with Institute of Cost Accountants of India

Atul Khurana. As part of the MoU, ICAI will deploy and leverage TCS’ Digital Content Market Place Platform ­ Digital HUB to drive the institute’s digital transformation efforts. According to a release, ICAI’s digitization efforts through TCS iON Digital HUB will aim to provide improved services to students & members allowing them easy access to the vast knowledge base of the institute. TCS iON will bring Vocational & Skill Courses to ICAI students & its members through iON Digital HUB. Both organisations [...]

Optimization WordPress Plugins & Solutions by W3 EDGE