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Articles By: DEVKUMAR KOTHARI

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COD Powers of High Court and amendments through Budget 2009 - High Court has no power to condone delay in filing of appeal u/s 260A- Bombay High Court (following judgment of the Supreme Court in relation to S. 35G(9) of the CE Act. And proposal in The Finance (no.2) Bill 2009 to amend CE Act.
  By: - DEVKUMAR KOTHARI        Dated: July 24, 2009
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Exemption and proposed amendment relating to political parties.
2 Comments
  By: - DEVKUMAR KOTHARI        Dated: July 19, 2009
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Forfeiture of share amount to extinguishment hence transfer, loss of payments made earlier is allowable
  By: - DEVKUMAR KOTHARI        Dated: July 16, 2009
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Budget 2009 - Proposals relating to Wealth Tax - is something missing? A case for abolishing WT to save administrative time for more result orientation.
  By: - DEVKUMAR KOTHARI        Dated: July 12, 2009
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BUDGET 2009: - Amendments relating to Service Tax on some surgical services - an analysis.
  By: - DEVKUMAR KOTHARI        Dated: July 12, 2009
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Finance Bill 2009 - Proposed definition of "manufacture" will unsettle many settled things and is likely to involve further litigation.
  By: - DEVKUMAR KOTHARI        Dated: July 12, 2009
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Budget 2009: Levy service tax on legal services and not on any particular profession.
  By: - DEVKUMAR KOTHARI        Dated: July 10, 2009
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In case additional income tax on fringe benefits (FBT) is considered proper and valid then simple way is to tax employers @ 5- 7% of total employees cost and exempt all employees from paying tax on salary and perquisites to achieve simplification and result orientation.
  By: - DEVKUMAR KOTHARI        Dated: June 30, 2009
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Sales tax (VAT) or service tax-the beneficial view adopted by taxpayer… may not always be acceptable.
  By: - DEVKUMAR KOTHARI        Dated: June 27, 2009
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Sugar buffer stock subsidy is not warehousing charges. Not liable to service tax- unnecessary litigation by revenue fit cases for allowing cost of appeal and damages in favor of tax payers.
  By: - DEVKUMAR KOTHARI        Dated: June 19, 2009
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TDS on Hotels – Activities of Hotels are not Works Contract
1 Comment
  By: - DEVKUMAR KOTHARI        Dated: June 17, 2009
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BUDGET 2009 - RESULT ORIENTATION OF POLICIES AND PROVISIONS
1 Comment
  By: - DEVKUMAR KOTHARI        Dated: June 13, 2009
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FBT PAID DEPRECIATION IS NOT ACTUALLY ALLOWED UNDER THE INCOME TAX ACT IT CAN BE ADDED BACK IN WDV a point of view.
  By: - DEVKUMAR KOTHARI        Dated: June 12, 2009
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TAX AUDIT OF INDIVIDUALS , HUF AND OTHER CLIENTS WHO ARE NOT FULLY ORGANIZED - INFORMATION SHOULD BE IN RESPECT OF ALL UNITS AND PERSONS WHOSE INCOME IS CLUBBED otherwise litigation may take place for penalty.
  By: - DEVKUMAR KOTHARI        Dated: June 8, 2009
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Surrender of service tax registration certificate for commercial rent. - Draft letter to surrender certificate of registration:
5 Comments
  By: - DEVKUMAR KOTHARI        Dated: May 23, 2009
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Estimated liability to discharge obligations under product guarantee or warranty may be allowed as per recent judgment of the Supreme court.
1 Comment
  By: - DEVKUMAR KOTHARI        Dated: May 22, 2009
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ACTUAL USE OF MOTOR VEHICLES- fines paid can help assessee to establish actual use.
  By: - DEVKUMAR KOTHARI        Dated: May 18, 2009
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MAT- BOOK PROFIT - EXPENDITURE MAY NOT BE ALLOWABLE YET DEDUCTIBLE FROM BOOK PROFIT a discussion with help of decision of ITAT.
  By: - DEVKUMAR KOTHARI        Dated: May 13, 2009
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SEPARATE PROFIT AND LOSS ACCOUNT FOR THE PURPOSE OF MAT ARE REQUIRED. HOWEVER, THERE ARE VITAL DIFFERENCES IN THIS REGARD IN THREE SECTIONS. Therefore, recent judgment of Gujarat high Court on S. 115J are partly helpful for recent years.
  By: - DEVKUMAR KOTHARI        Dated: May 11, 2009
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BUSINESS DEDUCTIONS - DIVERSION OF PROFIT FOR MAINTAINING AND IMPROVING DIVIDEND,PAT AND GOODWILL - a brainstorming exercise.
  By: - DEVKUMAR KOTHARI        Dated: May 11, 2009
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