Income Tax Articles

Income from unsold flats shall be treated as business income

FCS Deepak Pratap Singh 10 March 2022 at 08:44

INCOME FROM UNSOLD FLATS SHALL BE TREATED AS BUSINESS INCOME OF THE DEVELOPER AND NO INCOME FROM HOUSE PROPERTY ON THE BASIS OF ANNUAL LETTING VALUE OR NOTIONAL VALUE OF RENT.

Women related Income tax and financial benefits

CA Umesh Sharma 07 March 2022 at 13:16

Let's discuss the life journey from a girl child to a woman, and what are the rights, Income tax benefits, and other benefits available to women in Indian laws...

Whether sub-leasing of properties will be taxable in PGBP or income from house property

FCS Deepak Pratap Singh 05 March 2022 at 08:46

Whether Income from Sub-leasing of properties will be considered as Income from Profits and Gain from Business or Profession (Section 28) or Income form House Property (Section 22).

Assessment under provisions of Section 153A of IT Act, 1961

FCS Deepak Pratap Singh 04 March 2022 at 12:15

SOME IMPORTANT FACTS RELATED TO ASSESSMENT UNDER SECTION 153A OF THE INCOME TAX ACT, 1961

Can GAAR override DTAA?

Mayank Mohanka 04 March 2022 at 08:39

In this article, I am making an honest and sincere attempt to find a plausible, logical and well-reasoned answer to this complicated question, analysing the applicable provisions of the Constitution of India, the Income Tax Act, 1961

Difference between Fiscal Year and Assessment Year

Suhani Ahuja 03 March 2022 at 09:22

The end of the Fiscal year is approaching, and with it, the last day for filing your Income Tax Returns (ITR). But what exactly is a Fiscal Year?

Tax Implications on Gifting of Shares

Poojitha Raam Vinay 03 March 2022 at 09:22

The word transfer means a delivery of property, especially stocks and shares, from one person to another.

Is gift deed need to be registered?

Ashok Pitroda 02 March 2022 at 09:00

A very common and frequent question running in the mind of taxpayers is the gift deed needs to be registered. In this part, you can gain knowledge about various provisions relating to the registration of gift deed.

Whether capital contribution in cash by partners will be taxable as cash credit

FCS Deepak Pratap Singh 01 March 2022 at 08:45

Can capital contribution of the individual partners credited to their accounts in the books of the firm be taxed as cash credit in the hands of the firm, where the partners have admitted their capital contribution but failed to explain satisfactorily the source of receipt in their individual hands?