Income Tax Articles
Income Tax Slabs: Comparison between old Vs new regime for the FY 2023-24
Deciding which tax regime to choose it completely depends upon individual financial circumstances.
Differentiating TDS on Rent: Section 194IB vs 195 of IT Act, 1961
The Income Tax Act mandates tenants to deduct Tax Deducted at Source (TDS) on rent payments under certain circumstances. This helps collect tax from landlords at the source of income. Here's a breakdown of TDS on rent under Section 194IB and 195
Valuation Report to Save 30-40% Taxes on NRI Property Sale
In this comprehensive guide, we'll delve into the intricacies of valuation reports and how they can empower NRIs to achieve remarkable tax savings of up to 30-40% when selling a property in India.
House Rent Allowance and its exemption calculation
For salaried employees house rent allowance is a component of their salary. Unlike basic salary HRA is not fully taxable, a part of it is exempted u/s 10(13A) of Income Tax Act, 1961.
Empowering MSMEs and Addressing Unauthorized Registrations
This article explores the integration of PAN in India's MSME registration, enhancing transparency and efficiency.
Tax implications one should know before incorporating an LLP
Tax Implications One Should Know Before Incorporating an LLPWe have previously blogged about why an LLP over a company may be a better option for start-ups cons...
Can Share Valuation under DCF Method be Rejected and Recalculated by the Assessing Officer?
Any businessman or entrepreneur, visualises the business based on certain future projection and undertakes all kind of risks. It is the risk factor alone which gives a higher return to a businessman and the income tax department or revenue official cannot guide a businessman in which manner risk has to be undertaken.
Understanding Income Tax Returns for OCI Card Holders: A Comprehensive Guide
Today, we're delving into the world of taxation for OCI (Overseas Citizen of India) card holders - individuals who have relinquished their Indian passports to become foreign citizens while still retaining financial interests in India. By the end of this article, we'll explore when and why OCI card holders should file income tax returns in India.
Section 112A: Tax on long-term capital gains on certain assets
Sec 112A provides that a concessional rate of tax at 10% will be leviable on long term capital gains exceeding Rs 100000
Section 10AA of the Income Tax Act, 1961
Section 10AA of the Income Tax Act, 1961, provides deductions for enterprises operating in Special Economic Zones (SEZs) in India. This section aims to promote exports and attract foreign investment by offering tax concessions to businesses located in SEZs.
Popular Articles
- Income Tax Slab for Senior Citizens Above 60 Years for AY 2026-27: With Deductions, Rebates and Examples
- EPFO 3.0 Introduces Faster Claim Settlements and UPI Withdrawals: Latest Update For July 2026
- Kisan Vikas Patra Scheme 2026: Latest Interest, Eligibility, Maturity, Taxability and Investment Benefits
- Senior Citizen After Retirement Must Report These 5 Incomes While Filing ITR for AY 2026-27
- TDS on Cash Withdrawals 2026: Excess vs. Entire Amount
- GST Updates: Last Chance for Taxpayers to Complete FY 2025-26 Process
- New Interest Rates on Post Office Schemes from 1 July 2026
- ITR-3 for FY 2025-26 (AY 2026-27): Applicability, Pre-Filing Verification and Due Dates
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
