Income Tax Articles

One Nation, One ITR Form, 40 Questions: New Proposal

CA Umesh Sharma 08 November 2022 at 14:50

CBDT has released draft common Income Tax Return Form by merging all the existing returns of income except ITR-7 for all taxpayers barring trusts and non-profit organizations, to which all stakeholders and general public can provide inputs up to December 15.

FAQs on CSI (Challan Status Inquiry)

Shree 07 November 2022 at 14:09

FAQs on Challan Status Inquiry

Accused cannot be compelled to give password of an electronic device during investigation proceedings

CA.Mohit Gupta 05 November 2022 at 15:29

The court held that the accused cannot be compelled to give such information and in this regard he is protected by Article 20(3) of the Constitution of India as well as Section 161(2) of Cr.P.C.

Amendments made by Finance Acts - 2008, 2010, 2011 and 2015

FCS Deepak Pratap Singh 05 November 2022 at 09:47

Amendments made by finance acts - 2008, 2010,2011 and 2015 related to the definition of "Charitable Purpose"

Non-Compliances related to Cash Flow Statement

CA Rakesh Ishi 04 November 2022 at 08:58

Note to the financial statements of the company on Trade Receivables that there is an increase in trade receivables while comparing the outstanding balance as at the end of the previous year and the current year.

New Tax Regime for Domestic Companies: Section 115BAA of Income Tax Act

Naveen Goyal 04 November 2022 at 08:52

In this article, we will understand the provisions of section 115BAA of the Income Tax Act and go through the conditions to be fulfilled to get benefit of lower tax rate regime.