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Income Tax Articles


What are Different GST Offline Tools in India?

  Arushi Agarwal    22 May 2024 at 08:45

This article aims to provide a comprehensive guide to different GST offline tools in India, their uses, and where to find them.



Aam Toh Aam, Par Kya Hai Guthliyo Pe Daam (Tax)?

  CA Umesh Sharma    21 May 2024 at 08:45

Around 21 million metric tons of mangoes are said to be produced in India in FY 22–23, making it the largest producer of mangoes globally. What is your view on this love story between Indians and mangoes?



Mastering in Advance Tax

  CA Anoop Kumar Sharma    21 May 2024 at 08:45

In this article, we tried to explore and discuss various aspects of advance tax in India like what it is, when it applies, and how to calculate with examples and pay it timely to avoid any unnecessary interest or penalties.



Capital Gain From Foreign Shares

  Khush Trivedi    20 May 2024 at 08:34

Do you know about the taxation of foreign stocks under the provisions of the Indian Income Tax Act? Let's elaborate on the same.



Section 50: Capital Gain on sale of depreciable asset

  Khush Trivedi    20 May 2024 at 08:34

As we are all aware, the sale of any capital asset results in capital gain and is taxable under the Capital Gains of Income Tax Act of 1961. But have you heard that the sale of depreciable assets also results in capital gains in some circumstances? Let's understand what it is!



Transactions Reporting under SFT

  CA Anoop Kumar Sharma    16 May 2024 at 08:38

SFT is a mechanism for monitor high-value transactions conducted by Assessee/customer; a significant regulatory measure was introduced with the inception of Form 61A under Section 285BA, effective from April 1, 2004, as per Notification No. 182/2005 dated July 11, 2005.



Income Tax India's AIS Upgrade: A Closer Look at New Functionalities

  Abhishek Raja    16 May 2024 at 08:38

The Income Tax Department has now upgraded the AIS functionality, allowing taxpayers to track the confirmation status of information reported by sources like banks. This new feature aims to increase transparency by displaying if the source has accepted or rejected feedback on incorrect data in the AIS.



Tax treatment of Livestock: Analysis

  CA Aman Rajput    15 May 2024 at 15:22

In India, the dairy industry forms an important part of the agricultural sector and plays an important role in the growth of India's economy. Another important area is providing livelihoods to hundreds of people across rural and urban areas.



Liability of Directors in case of a Private Company

  Affluence Advisory    15 May 2024 at 15:16

In this article, we have tried to cover the liability of directors under different laws, i.e., company law, income tax, and GST.



Is trading possible without paying tax?

  Khush Trivedi    15 May 2024 at 15:11

According to Times of India the investor base has seen more than 3x jump in the last five years, facilitated by rapid growth in digitization, rising investor awareness, financial inclusion, and strong market performance.