Income Tax Articles

A Comprehensive Guide to Mahila Samman Savings Certificate 2023

Rashmi 04 April 2023 at 08:45

The Mahila Samman Savings Certificate is a new small savings scheme introduced in the Budget 2023, specifically designed for women investors to encourage investments. The scheme is available to girl children or women, and the account can be opened in the Post Office or any authorized bank.

Auto Calculate Income Tax Preparation Software for Non-Govt Employees for FY 2023-24 & AY 2024-25

Pranab Banerjee 04 April 2023 at 08:45

Section 16 of the Income Tax Act | With Auto Calculate Income Tax Preparation Software All in One in Excel for the Non-Govt Employees for the F.Y.2023-24 & A.Y.2024-25

Income Tax Calculator for FY 2023-24

Benny Thadathil 03 April 2023 at 09:45

This Article has an Automatic Income Tax Calculator in Excel Format for Financial Year 2023-24 (AY 24-25). The income Tax Calculator is Useful for salaried employees of the government and private sector.

Auto Calculate Income Tax Arrears Relief Calculator u/s 89(1) with Form 10E for FY 2023-24 and AY 2024-25

Pranab Banerjee 03 April 2023 at 08:59

The Minister of Finance has announced a new tax regime in the 2020 budget, including additional tax brackets and lower tax rates. Many taxpayers had long requested it, but it came with the condition that all deductions and deductions allowed under the old tax system would be revoked.

Auto Calculate Income Tax Preparation Software for all salaried persons for FY 2023-24 & AY 2024-25

Pranab Banerjee 03 April 2023 at 08:49

According to the actual Tax Slab on your total income found under the old or new tax system, each salaried employee will be subject to tax. Payroll employees must file income tax returns at the beginning of the 2023-2024 tax year because, after various deductions, income tax is calculated based on various tax brackets.

New Income Tax Rules w.e.f 1st April 2023

Harsh Kaushik 01 April 2023 at 09:42

The Government has made some new rules which are applicable from 1st April 2023 i.e from the new financial year

Section 194IA: Understanding TDS on Immovable Property

CA Sanat Pyne 01 April 2023 at 09:00

Section 194IA of the Income Tax Act governs the TDS deduction on the transfer of immovable property. In this article, the author will discuss the provisions and implications of this section in detail.

Statutory Tax Compliance Tracker: April 2023

CS Lalit Rajput 31 March 2023 at 09:45

Tax Compliance Tracker for the month of April 2023

Section 69: Power of Arrest

Harsh Kaushik 31 March 2023 at 09:04

What does Section 69 Say?Where the commissioner has reason to believe that a person has committed any offence specified in clause (a) or clause (b) or clause (c..

All about Income Tax Audit

Ashok Pitroda 31 March 2023 at 08:58

There are many types of audits conducted under various laws. Similarly, an audit conducted under the Income Tax Act, 1961 is called a ‘Tax Audit’. In the Income Tax Act, 1961, section 44AB mandates provisions for a tax audit, which are explained as follows. In the following circumstance, a tax audit will be mandatory.