CA Sahil GarudCA Sahil Garud

The Author is a qualified Chartered Accountant in full time practice since 2012. The Author contributes the “Legal Decisions” in the “Legal Updates” section in monthly ICAI National Journal. The author has worked with a Senior Advocate in the Bombay High Court, specializing in Income tax matters from the side of Income tax Dept. and has closely assisted on the high stake Vodafone’s Transfer pricing case. He was an analyst in tax Journalism Company called Taxsutra. He can be reached at ca.sahilgarud@gmail.com, sahilgarud@gmail.com

Income from House Property vis-a-vis Busniess Income vis-a-vis Other Sources

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Since decades there has been much controversy on Whether Charges received by an Assessee for providing services / facilities and amenities to his tenants, using the nomenclature as ‘Service Charges’, would or would not  constitute the income from house property. As per section 23 of the Income tax Act, 1961, the Annual Letting Value of the premises is the … Read more

Corporate Social Responsibility under Companies Act 2013

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Corporate Social Responsibility Companies Act 2013 Applicability: For Companies whose: Net-worth exceeds Rs. 500 Cr OR Turnover exceeds Rs. 1000 Cr OR Net Profit exceeds Rs. 5 Cr. The Company shall spend minimum 2% of its average net profit during a block of three years. Net profit means Profit before tax. CSR Committee: A CSR … Read more