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In the cartoon show, helpless citizens will always find a saved Super Hero Flying to their rescue at the last moment. Superman, Spiderman, Batman and a bunch of other people well known to make such a task. In the fictional world, these are the guys you want to go in hard times, but what about the real world? Find themselves in life threatening situations are rare, but dealing with tax problems may actually “creates” a sense very similar to the dying - True for some people.... Read More

M. Govindarajan... Read More

Monarch Bhatt-... Read More

V. S. Datey ... Read More

M. Govindarajan... Read More

T. N. Pandey
 
1. Section 115JB of the Income-tax Act, 1961 provides for levy of Minimum Alternate Tax (MAT) in case of what are popularly referred to as Zero tax companies. Uptill the assessment year 2006-07, levy of MAT was governed by section 115JA of the Act. From the next year, section 115JA has been replaced by section 115JB. Briefly, section 115JB provides for levy of tax on the following basis.... Read More

It comes around every year like clockwork. Springtime. And with the arrival of the sun comes the arrival of tax time. You’ve spent a whole year making and spending money. Now it’s time to pay up.... Read More

Do you own a corporation but don’t think you’ll complete the 2008 corporate income tax return by the March 16 deadline? This article explains how to file an extension without a hitch, giving you until September 15 to file the return.... Read More

If you’re an American, you probably look at the just-signed economic stimulus bill (called the American Recovery and Reinvestment Act) with a combination of trepidation and hope. This bill, totaling up to almost $800 billion in tax breaks and new spending, is the most costly single bill in American history. Its goal? To jump-start the ailing American economy and get more people working and spending money. ... Read More

A hue and cry has gone up in the largest of Floridas counties regarding annual double-digit increases in tax assessments on multifamily property for the past 3 years. At last, some relief appears to be in sight.... Read More