Income Tax Articles

Form 16A

Posted by Niyati 18 April 2024 8177 Views

Form 16A is a certificate that is issued under the provisions of the Income Tax Act, 1961.

Tax Residency Certificate: A Guide for NRIs

Posted by CA Arun Tiwari 18 April 2024 1097 Views

In this article, we'll delve into the intricacies of TRC, its significance for NRIs, and the steps to obtain it.

Annuity Taxation

Posted by Mitali 17 April 2024 1439 Views

An annuity is a contract where a person required to pay a lump sum to an insurance company, and in return, they provide periodic payments over a specified time frame, which can be used for retirement income.

Navigating NRI Tax Filing: A Comprehensive Guide

Posted by CA Arun Tiwari 17 April 2024 396 Views

In this guide, we'll break down the various aspects of income tax filing for NRIs, offering practical tips and valuable insights to make the process easier.

ITR Forms under Income Tax Act 1961

Posted by Divyanshu Sharma 16 April 2024 17467 Views

Let's understand all types of ITR forms in detail.

High-value transactions in India: Tips for compliant tax filing

Posted by Rashmi 16 April 2024 3820 Views

The Income Tax Department in India monitors high-value cash transactions above a specific limit, and failing to disclose such transactions while filing Income Tax Returns (ITR) can lead to notices from the authorities.

Set Off and Carry Forward of Losses : An analysis

Posted by Neethi V. Kannanth 16 April 2024 8408 Views

If there is any loss under any head of income, the assessee can set off losses against income. Discussing the two ways of setting off losses against income i.e. through Intra-head and Inter-head adjustments.