Income Tax Articles


All about OIDAR

  CA Sandeep Bhatnagar    21 May 2019 at 13:32

In this hi-tech, age business has undergone major transformation and new methods of transactions have evolved which are fast paced and require little physical effort. Out of many one is the concept of OIDAR services which are provided through internet and received by the recipient online without phy..

Posted in Income Tax  2 comments |   2054 Views




As per provisions of Section 40A(3) Where the assessee incurs any expenditure in respect of which a payment or aggregate of payments made to a person in a day, otherwise than by an account payee cheque drawn on a bank or account payee bank draft, [or use of electronic clearing system through a ..

Posted in Income Tax  15 comments |   2453 Views




What is TDS? TDS stands for Tax Deduction At Source. It means that when an Individual/Organization/persons making the specified payment which are mentioned under Income Tax Act, 1961 to another person than that Person (who is making the payment) has to deduct the TDS when the amount of the paymen..

Posted in Income Tax  20 comments |   4907 Views




Nowadays people are discussing about a news that no income tax is required upto Rs. 5 lakh. Even some people think that they do not need to file income tax return if their Total Income is below 5 lakh. But the fact is this kind of statements are not really true. Most of the people think that tax fre..

Posted in Income Tax  12 comments |   4319 Views




.style2 { font-weight: bold; } In order to incentivize the equity markets Government has given various sops to this sector. Under Section 10(38) of Income Tax Act, exemption to long term capital gains arising from sale of equity shares in a company or unit of an equity oriented f..

Posted in Income Tax  4 comments |   3201 Views




Ever wondered, when Virat Kohli hits centuries on cricket grounds situated outside India, which country shall have right to tax his income arising from such play? Or when the audience outside India gets Goosebumps listening to the voice of Arijit Singh, how the said income shall be taxed? The tax..

Posted in Income Tax  6 comments |   1895 Views




Sometimes you may have received a portion of your salary in arrears or in advance, or you may have received a portion of your family pension in arrears or in advance. Do you think? Will it be fully taxable in the year of receipt at the higher rates or is there any relief available on it? Yes! The..

Posted in Income Tax  3 comments |   2451 Views




The Employee Provident Fund (EPF) is an investment and more beneficial scheme enacted by the Government in the common interest of employees. In this scheme, the employer and employee, both are required to contribute an amount which is calculated on the basic wages, dearness allowance and retaining..

Posted in Income Tax  15 comments |   5616 Views




Transfer pricing provisions seek to ensure that there is fair and equitable allocation of taxable profits amongst the tax jurisdictions. In cases where the underlying transaction is held not to be at arm's length, a primary adjustment is made to align the transfer price with the arm's length price (..

Posted in Income Tax  3 comments |   1702 Views




This article contains various Compliance requirements under Statutory Laws. Compliance means 'adhering to rules and regulations.' Compliances under: 1. Compliance Requirement Under Income Tax Act, 1961 2. Compliance Requirement Under Goods & Services Act, (GST) 2017 3. Compli..

Posted in Income Tax  14 comments |   11295 Views





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