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Income Tax Articles


8 Points to remember while preparing ITR 6 for AY 2018-19

  Gaganjot    09 August 2018 at 10:58

1. Check whether the Gross Receipts/Turnover of the domestic company during the financial year 2015-16 was less than or equal to Rs. 50 crores or not. If, yes t..



TDS on Purchase of Property For FY 2023-24

  CA S K MISHRA    07 August 2018 at 10:41

Finance Act, 2013 has introduced Sec 194-IA which provides for deduction of tax at source in case of payment of sale consideration of immovable property (other ..



Basic Introduction to ICDS

  SUPRIYA    07 August 2018 at 10:41

ICDS (Income Computation & Disclosure Standards) were notified on 31st March 2015 and mandatory w.e.f. 01-04-2016. However in current Finance Act, governme



Simple understanding of Tax audit for AY 2018-19

  Sandeep Rawat    02 August 2018 at 11:30

As soon as due date of filing tax audit is coming near, assessee and tax auditor are making effort to co



Decoding Thin Capitalisation as per Budget 2017

  CA Nirmit Sharma    30 July 2018 at 11:19

A company is financed with a combination of debt and equity. Thin capitalization refers to the situation in which a company's capital is thinly capitalized.



Explained: Latest Amendments to Form 3CD

  Vispi T. Patel    26 July 2018 at 11:46

CBDT vide Notification No. 33/2018 amends Form no. 3CD in respect of tax audit under section 44ABIntroduction:The Central Board of Direct Taxes (CBDT) vide Noti..



Understanding the Tax Implication on Dividend Received

  CA Pallav Singhania    21 July 2018 at 12:11

Being a taxpayer, you may have some doubt about the taxability of dividend income while filing your income tax return. Whether the dividend income is taxable? ..



General Anti-Avoidance Rules (GAAR) in India

  Ashwin P. Gohil    21 July 2018 at 11:38

Introduction:Indian government makes various provisions under Income Tax act, 1961 for revenue collection, some prov



Details of GST in Income Tax Returns

  CA Umesh Sharma    16 July 2018 at 17:39

Details of GST in Income Tax ReturnsArjuna (Fictional Character): Krishna the due date to file income tax returns for some taxpayers for the year 2017-18 is 31s..



TDS & Tax Provisions for FY 2018-19

  Sandeep Rawat    16 July 2018 at 10:53

TDS Rates & Provisions for F.Y.2018-19 TDS stands for tax deducted at source. As per the Income Tax Act, any company or person making a payment is required