Income Tax Articles


Mandatory Certificate from Income Tax Portal for Section 80G Tax Deduction

  Rashmi    26 April 2023 at 08:47

When you donate money to a charity or NGO, you can get a tax deduction under Section 80G of the Income-tax Act, 1961. This means that you can reduce the amount of tax you have to pay based on the amount you donated.



Filing of Form No. 10 of Income Tax Act

  Geetanjali Pandey    25 April 2023 at 17:46

This Article is related to one of the amendment made in Form No. 10 by Notification No. 96/2022 dated 17th August, 2022 which became applicable for all the Trust/Institution registered under sub clause (iv)(v)(vi)(via) of Section 10(23C) of the Act for F.Y. 2022-23 (A.Y. 2023-24).



Deductions in the new tax regime as per Union Budget 2023-24

  Pranab Banerjeepro badge    25 April 2023 at 12:52

This article will help you understand some of the exemptions and deductions that are valid under the new tax regime.



Depreciation Rates as per Income Tax Act for FY 2023-24

  Mitali    25 April 2023 at 11:57

Under the Income Tax Act, depreciation is allowed as a deductible expense for assets used in business or profession, subject to certain conditions and limitations. The amount of depreciation that can be claimed depends on the asset's useful life, which is determined by the Income Tax Rules.



Deductions available under Old vs. New regime of Income Tax

  CA. Brijesh Baranwal    25 April 2023 at 08:51

This article covers the deductions available in Old Vs. New tax regime, in brief, should help in making the required choice. This is applicable from 01.04.2023 i.e. for FY 2023-2024 or say AY 2024-2025.



Why Indian Income Tax New Tax Regime is the Government's Favorite Child!

  Abhishek Raja    24 April 2023 at 09:00

In this article, I will be discussing the new tax regime in India, comparing it with the old income tax regime, and explaining why the new regime is the government's favorite child.



Choose Right Tax Regime for FY 2023-24

  Affluence Advisory    22 April 2023 at 14:52

If you FAIL to choose between the New and Old Tax Regime, the Employer will take the New Tax Regime as DEFAULT and deduct TDS under it.



Section 194DA: TDS on Payment of Life Insurance Policy

  CA Ruby Bansal    22 April 2023 at 14:37

Section 194D of the Income Tax Act requires tax to be deducted at source on any commission or reward paid for procuring insurance business.



Akshaya Tritiya 2023: What to Keep in Mind Before Investing in Gold

  Rashmi    22 April 2023 at 08:57

Gold prices and their relationship with the US dollar or the dollar index are strongly correlated. As the dollar rises, gold prices tend to fall, while when the dollar weakens, the price of gold tends to increase.



How to e-Verify Your Income Tax Return

  Elisa    21 April 2023 at 15:32

E-Verify is a process that allows taxpayers to verify their Income Tax Return (ITR) electronically.




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