Income Tax Articles

Rs 10 Lakh Penalty for Non-Disclosure of Foreign Income

Posted by Sahil Jaiswal 26 November 2024 803 Views

Discover the Rs 10 lakh penalty for failing to disclose foreign income in India. Learn about tax laws, penalties, and criminal liability for non-compliance.

Employees Not Liable for Employer's TDS Mismanagement

Posted by Affluence Advisory 27 November 2024 311 Views

Discover why employees aren't liable for employer TDS mismanagement. Learn your rights regarding tax deductions and employer defaults.

Section 40A(3): Avoid Disallowance for Excessive Payments

Posted by Vivek Jalan 26 November 2024 248 Views

Learn how to avoid disallowance of excessive payments under Section 40A(3) by proving business expediency and genuine transactions. Get practical advice.

Tax Rebate Win: Section 87A on Short-Term Capital Gains

Posted by CA Umesh Sharma 26 November 2024 9849 Views

Taxpayers rejoice! Learn how a recent ruling favours Section 87A rebates on short-term capital gains, even under the new tax regime. Understand your rights.

Direct Tax Code 2025: Simplifying India's Tax System

Posted by CA Pallav Singhania 25 November 2024 1349 Views

Discover the Direct Tax Code 2025: simplifying laws, boosting growth, and enhancing fairness. Learn how it impacts individuals and businesses in India.

Vivad se Vishwas Scheme 2024: Your Guide

Posted by Nabin Agarwal 23 November 2024 1009 Views

Settle tax disputes with the Vivad se Vishwas Scheme 2024. Learn how to file declarations, get certificates, and confirm payment. Start your settlement today!

CBDT Campaign: Report Foreign Income & Assets Accurately

Posted by CA Naveen Panwar 23 November 2024 537 Views

CBDT's campaign urges accurate reporting of foreign income/assets for AY 2024-25. Learn about AEOI, Black Money Act, and how to comply to avoid penalties.

CBDT Condonation Timeline Reduced: CA Guide

Posted by CA Naveen Panwar 22 November 2024 1219 Views

Discover the CBDT's reduced condonation timeline for ITR delays. Learn how Chartered Accountants can advise clients to claim refunds & carry forward losses.

Income Tax Act Review: TDS/TCS Simplification Suggestions

Posted by Vivek Jalan 22 November 2024 291 Views

Explore suggestions for revamping the Income Tax Act, focusing on simplifying TDS/TCS provisions, reducing rates, and eliminating overlaps. Learn more!