Income Tax Articles

New Income Tax Rules w.e.f 1st April 2023

Harsh Kaushik 01 April 2023 at 09:42

The Government has made some new rules which are applicable from 1st April 2023 i.e from the new financial year

Section 194IA: Understanding TDS on Immovable Property

CA Sanat Pyne 01 April 2023 at 09:00

Section 194IA of the Income Tax Act governs the TDS deduction on the transfer of immovable property. In this article, the author will discuss the provisions and implications of this section in detail.

Statutory Tax Compliance Tracker: April 2023

CS Lalit Rajput 31 March 2023 at 09:45

Tax Compliance Tracker for the month of April 2023

Section 69: Power of Arrest

Harsh Kaushik 31 March 2023 at 09:04

What does Section 69 Say?Where the commissioner has reason to believe that a person has committed any offence specified in clause (a) or clause (b) or clause (c..

All about Income Tax Audit

Ashok Pitroda 31 March 2023 at 08:58

There are many types of audits conducted under various laws. Similarly, an audit conducted under the Income Tax Act, 1961 is called a ‘Tax Audit’. In the Income Tax Act, 1961, section 44AB mandates provisions for a tax audit, which are explained as follows. In the following circumstance, a tax audit will be mandatory.

Impact Of Finance Act 2023 On Charitable Trust

Geetanjali Pandey 30 March 2023 at 10:16

Impact Of Finance Act 2023 On Charitable Trust and Institution Referred to In Section 12AA Or 12AB Or Clause (23C) Of Section 10 of The Act, 1961

Section 70: Power of Summon

Harsh Kaushik 30 March 2023 at 09:01

Section 70 of the CGST ACT 2017 empowers the Proper Officer(PO) to summon any person whose attendance he considers necessary either to give evidence or to produce a document or any other thing as required in an inquiry.

Professional Tax: Slab rates for states in India

Shivani 29 March 2023 at 17:03

Professional Tax is a type of tax levied by state governments in India on individuals and organizations engaged in professions, trades, and employment. The tax ..