Income Tax Articles

TDS on transfer of immovable property

CA Alexandar Gazi 09 March 2023 at 16:38

Any person being a transferee of immovable property, other than the agricultural land, responsible for making payment to a resident transferor as consideration for transfer of any immovable property, shall deduct TDS @1% of such payment.

How to Link PAN Card with Aadhaar Number?

Mitali 09 March 2023 at 13:54

The deadline to link Aadhaar with PAN has been extended several times in the past, and the latest deadline is March 31, 2023. If an individual fails to link their Aadhaar with their PAN by the deadline, their PAN card will become inoperative from April 1, 2023.

Most popular tax-saving investments before 31st March 2023

CA Rakesh Ishi 08 March 2023 at 07:21

Here are some of the most popular tax-saving investments that you can consider before March 31, 2023

Surcharge applicable to Individual/HUF/AOP/BOI/Artificial juridical persons

Sappa Mounica 08 March 2023 at 07:15

We all well know that, surcharge rates are applicable to Individual/ HUF/ AOP/ BOI/Artificial juridical persons under Income Tax Law

Difference between Section 194Q and Section 206C (1H) of IT Act, 1961

Ashok Pitroda 08 March 2023 at 07:15

What is the difference between Section 194Q and Section 206C (1H) of the Income Tax Act, 1961

Unveiling the Power of Income Tax Search and Seizure: Combating Tax Evasion

Rashmi 07 March 2023 at 07:59

The Income Tax Department has the power to search and seize( also called raids) property or money from people suspected of not paying their taxes. This is an important tool to catch tax evaders.

All you need to know about Gifts

CA Pooja Dhoot 06 March 2023 at 08:53

As per Section 122 of the Transfer of Property Act,1882- "Gift is the transfer of certain existing MOVABLE OR IMMOVABLE property made VOLUNTARILY and WITHOUT CONSIDERATION by one person called Donor to another called Donee and accepted by or on behalf of Donee".

Nuances of tax laws - How to understand & interpret?

CS Advocate Abhishek Goyal 04 March 2023 at 15:46

Rule of harmonious construction requires that a provision of law must be read as a whole and not in isolation. The law should be given effect to without adding anything as per the intention of the legislature.

Section 44AB: Applicability of Tax Audit & Penalty

Mitali 03 March 2023 at 12:58

What is tax audit?The dictionary meaning of the term "audit" is check, review, inspection, etc. There are various types of audits prescribed unde

Advance Tax Payment

CA Sanat Pyne 03 March 2023 at 08:57

Advance tax is a tax that needs to be paid in advance on estimated income, in contrast to the regular tax paid at the end of the financial year. In this article, we will cover the basics of advance tax, including the procedure for calculating and paying it.