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Income Tax Articles


Making SME Payments by 31st March 2024 for compliance u/s 43B(h) of Income Tax Act

  VIVEK JALAN    15 March 2024 at 08:48

In this article, we pen down the statutory requirements and analysis of this new amendment in detail.



Advance tax e-campaign based on significant transactions

  sparsh wadhwa    15 March 2024 at 08:48

The Income Tax Department has received information on financial transactions relating to XXXX SINGH PAN XXXXX1650X for Financial Year 2023-24 (AY 2024-25). It is seen that your advance tax payment for F.Y. 2023-24 is apparently not commensurate with such financial transactions undertaken by you during this period.



Understanding Electoral Bonds: An Insight into India's Political Funding Mechanism

  CMA Sonam Verma    14 March 2024 at 14:06

In this article, we'll delve into the concept of electoral bonds, their functioning, controversies surrounding them, and their implications for Indian democracy.



Recent Tax Updates

  Venkat Raj    14 March 2024 at 09:00

The Financial Year 2023-24 is coming to an end in fortnight. The books of accounts of all entities are at the closing stage, and wherever a requirement arises, provision as required needs to be created. Let us analyze a recent ruling!



ITR Filling for Businesses For FY 2023-24

  Priya    13 March 2024 at 12:25

Filing an Income Tax Return(ITR) for businesses is an intricate and extensive process involving many important aspects that the entity should consider.



Remission and Extinguishment of Tax Demand

  Affluence Advisory    12 March 2024 at 14:54

This article summarizes a recent order issued by the Central Board of Direct Taxes (CBDT) on the remission or extinguishment of small tax demands outstanding as of January 31, 2024, under the Income Tax Act 1961 (ITA), Wealth Tax Act 1957, or Gift Tax Act 1958 (referred to as relevant Acts).



Points to remember while filing ITR for FY 2023-24

  Priya    12 March 2024 at 12:08

Filing Income Tax Returns (ITR) can be confusing and time-consuming when not done methodically. Here are a few points to remember to aid everyone’s return filing process.



Allowability of Interest on delayed payment of TDS

  CA VIVEK JALAN    12 March 2024 at 08:53

For claiming an expenditure while determining the taxable income, an assessee should satisfy the twin conditions of allowance of expenditure pursuant to the provisions of Sec. 30 to 37 of the Act.



Understanding Income Tax Return (ITR): A Comprehensive Guide

  CMA Sonam Verma    12 March 2024 at 08:53

This article aims to provide a comprehensive guide to understanding ITR, including its significance, different types, and the process of filing.



Section 115H for NRIs: Tax Benefits Unveiled

  CA Arun Tiwari    11 March 2024 at 08:38

In this article, we'll delve into the intricacies of Section 115H and its benefits for NRIs in managing their tax responsibilities.