Income Tax Articles

In this article, we will understand why section 94A was introduced and what was the need for invoking such provisions under the Income Tax Act,1961.

'Welcome to the New Era of 'Faceless', 'Jurisdiction-less', and hopefully 'Corruption-less' E-assessments.' In this article you will get valuable and informative insights on the difference between e-assessment and regular assessment, the benefits as well as the challenges that e-assesment will face.

In our recent discussions, we had come across that many of the business people and few of the professionals were not aware/familiar with the TP provisions and the related compliances. This document is intended to provide basic knowledge of the same.

This article is attempt to give more clarity about the Gratuity Benefits, Factors increasing the quantum of Gratuity Benefits Exponentially and Benefits of Compulsory Insurance/Approved Gratuity Trust for Gratuity Benefits of Employees for Companies with Employee Strength 10 or More.

The objective of this document is to summarize all the updates of Income Tax (Notifications, Circulars, other amendments and updates) in one place.

This article discusses the key changes or differences in the provisions in the Taxation Laws (Amendment) Bill, 2019. Let's walk through all the changes.

Alternate Minimum Tax is a tax that is leviable to normal tax. Know all about alternate minimum tax: applicability, computation, and exemption.

Many times we fall into a confusion regarding the difference between business losses and business expenditure.

Individuals and the HUFs, who were not required to deduct the tax will be burdened with additional compliances under section 194M and 194N

Payment made by certain individuals or HUF for contract work, professional services, commission or brokerage.