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Articles By: DEVKUMAR KOTHARI |
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Proposed deduction for interest on loans for affordable housing - - Loan sanction period must be longer, deduction should be allowed to first time home buyer including families and without limit on cost of house.
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By: - DEVKUMAR KOTHARI
Dated:
July 26, 2019
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Finance (no.2) Bill 2019- clause 13 – scope of S.43B increased to cover interest payable to two types of NBFC. As per author it is time to delete S.43B- there is loss to revenue by way of income-tax due to S.43B.
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By: - DEVKUMAR KOTHARI
Dated:
July 17, 2019
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Increasing minimum public shareholding will have long-term positive impact on companies share valuation and share market
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By: - DEVKUMAR KOTHARI
Dated:
July 15, 2019
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E-PROCEEDINGS OF APPEAL - MOCKERY EVEN AT LEVEL OF COMMISSIONER JUST TO DISMISS APPEAL IN ANY MANNER TO HARASS ASSESSEE – Why action is not taken against Erring officers? Will NAMO 2 government curtail power to harass public?
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By: - DEVKUMAR KOTHARI
Dated:
July 13, 2019
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Definition of approved modes of payment and receipts is desirable for simplicity of provisions including proposed amendments.
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By: - DEVKUMAR KOTHARI
Dated:
July 10, 2019
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Finance (no.2) Bill 2019- clause 7 – increased powers of CIT ( E ) about registration and cancellation of Trust or institution u.s. 12AA - observations and reservations of author.
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By: - DEVKUMAR KOTHARI
Dated:
July 9, 2019
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Finance (no.2) Bill 2019- clause 6 – new exemptions- observations and reservations of author.
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By: - DEVKUMAR KOTHARI
Dated:
July 9, 2019
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Budget 2019 clause 5 proposed amendment in S.9A – Relaxation in conditions of special taxation regime for offshore funds.
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By: - DEVKUMAR KOTHARI
Dated:
July 8, 2019
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Gifts by resident of India to a person outside India deemed to accrue as income in India- taxable as income subject to some exceptions. The proposal seems beyond power to impose tax on income.
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By: - DEVKUMAR KOTHARI
Dated:
July 8, 2019
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Budget 2019- amendment in definition of demerger- should be made retrospective to avoid litigation on well settled principals.
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By: - DEVKUMAR KOTHARI
Dated:
July 8, 2019
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Budget 2019;
Lower basic rate of income tax in case of companies – should also be applied to other assesses having turnover up to ₹ 400 crore. Marginal rate can be reduced to 25% in all cases to avoid unjust higher rates.
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By: - DEVKUMAR KOTHARI
Dated:
July 7, 2019
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Details and information in e-proceedings need to be more relevant and timely to make e-proceeding user friendly.
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By: - DEVKUMAR KOTHARI
Dated:
July 2, 2019
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WEALTH TAX – SOME NEW THOUGHTS – wealth tax as a fees or service charge link basic exemption to inflation and provide no other exemptions.
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By: - DEVKUMAR KOTHARI
Dated:
June 20, 2019
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Suggestions for finalizing personal accounts and ITR
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By: - DEVKUMAR KOTHARI
Dated:
June 19, 2019
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CIT.A – DIRECTION FOR REOPENING ASSESSMENT FOR OTHER YEARS IS NOT VALID – Discussion in view of provisions and Tribunal order.
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By: - DEVKUMAR KOTHARI
Dated:
June 11, 2019
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Case of Nokia India P. Ltd – reassessment in case of original assessment u.s. 143.1- need reconsideration because facts were not properly considered and precedence were not referred and considered.
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By: - DEVKUMAR KOTHARI
Dated:
June 7, 2019
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DUTY OF LAWYERS AS OFFICER OF COURT NOT SIMPLY MOUTHPIECE OR SPOKEPERSON OF HIS CLIENT – court and counsel are two wheels of the chariot of justice- counsels need to be more care full and duty full in system of delivery of justice.
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By: - DEVKUMAR KOTHARI
Dated:
June 5, 2019
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Section 260A- judgments of honourable Supreme Court about procedure for dismissal of appeal in limine and admitting appeal on substantial question of law need reconsideration – to avoid plethora of litigation.
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By: - DEVKUMAR KOTHARI
Dated:
June 4, 2019
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Case of Udit Kalra – exemption u.s. 10.38 denied and addition u.s.68 confirmed- a poorly represented case.
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By: - DEVKUMAR KOTHARI
Dated:
May 29, 2019
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Directors- monthly payment, perquisites hiring and firing, etc. considered essential to establish employer-employee relationship between company and director be CESTAT. – Case of Brahm Alloy Ltd needed better representation, judgment deserve reconsideration
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By: - DEVKUMAR KOTHARI
Dated:
May 9, 2019
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