Income Tax Articles
Understanding Taxation for Non-Residents Foreign Income
In this article, we'll explore how non-residents are taxed on income from different sources, shedding light on important concepts.
Startup recognition and deduction u/s 80-IAC and exemption u/s 56(2)(VIIB) of the act
To promote new startup and make in India, government has taken several initiatives to give benefit to startup and attract fresh fund in startup business. Hereby...
Section 80E - Income Tax Deduction for Interest on Education Loan
Introduction-Section 80E allows deduction in respect of payment of interest on loan taken from any financial institution or any approved charitable institution ...
Do You Have A Demat Account: Check Whether Tax Is Applicable On You For FY 23-24
Tax is applicable if transactions like buying and selling of shares are made through the demat account.
High Net Worth Individual's Tax Rates and Exemptions For FY 23-24
High-net-worth individuals (HNIs) are rich members of society who have significant financial resources.
Income Tax Arrears Relief Calculator u/s 89(1) with Form 10E for FY 2023-24 and AY 2024-25
23 April 2024
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Salary arrears are understood as unpaid wages of the previous period accrued in the current year. There may be a subsequent revision of the employee's wages or a disputed wage which is then issued by the employer.
Income Tax For Senior Citizens FY 2023-24
There are several benefits in the Income Tax Act available for senior and super senior citizens to claim to reduce their tax burden.
Possession of material unearthed during search is prerequisite to invoke provisions of Section 153C of Income Tax Act
In the case of a non-searched person, whose books of account or documents were found during the search (referred to as "other person"), an assessment is made under Section 153C of the Act.
Everything You need to about Filing ITR FY 23-24
As taxpayers in India gear up for another tax season, it's good to have the necessary knowledge to navigate the complexities of filing income tax returns for the financial year 2023-2024
Can Interest Income on Fixed Deposits be treated as capital receipts?
In this article, the author is going to discuss the details of the case of Deputy Commissioner of Income-tax v. BTW Atlanta Transformers India (P.) Limited., by examining arguments in above case, and the tribunal's decision, which will help us in understanding the broader implications for the taxpayers as a whole
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