Income Tax Articles

Updated ITR - Section 139(8A)

CA Himanshu Gandotra 01 March 2023 at 09:02

As the financial year 2022-23 is approaching its end, the last date to file ITR for previous years is also expiring. In this article, let's discuss the two options to file ITR after due date of filing has expired.

Tax Compliance Tracker for the month of March 2023

CS Lalit Rajput 28 February 2023 at 09:38

Tax Compliance Tracker - March, 2023

National Pension System (NPS): Additional Tax Saving Option

Affluence Advisory 28 February 2023 at 08:44

National Pension System (NPS) is a pension cum investment scheme launched by the Government of India to provide old age security to Citizens of India. It brings an attractive long-term saving avenue to effectively plan your retirement through safe and regulated market-based returns.

Impact of Changes in ITR Forms for FY 2022-23!

CA Umesh Sharma 27 February 2023 at 14:16

New ITR forms have been notified by CBDT on 10/02/2023 and 14/02/2023, what is your view on that

Donation to Political Parties under Section 80GGC

CA Ramanujan Sharma 27 February 2023 at 08:49

In this article, the author has tried to explain the section and procedure to be followed for contribution to a political party in a brief and simplified manne...

5 Effective Strategies to Reduce DSO and Improve Cash Flow

Rashmi 27 February 2023 at 08:48

A high DSO can indicate that a company is having difficulty collecting payments, which can negatively impact its cash flow and financial stability. Here are some ways to reduce DSO

Section 150: Notice From The Department

Aisha 25 February 2023 at 15:23

Section 150 of the CGST Act 2017 states that certain entities such as taxable persons, local authorities, banks, state and central government authorities, etc. If a person does not furnish the information return within the specified time period, a notice may be served upon them requiring the same to be furnished within a period not exceeding 90 days.

Capital Gain Tax on Shares

CA Mohit Sharma 25 February 2023 at 09:01

Assets like shares that are listed on a recognised stock exchange and has been held for less than 12 months, are treated as short-term capitals. The proceeds earned through them are treated as short-term capital gains.

Tax Deduction and Documentation for Salary for AY 2023-24

Affluence Advisory 24 February 2023 at 08:54

Brief guidelines/ indicative documents to be provided by the employee to the employer for AY 2023-24.

Case Study: Taxation of Charitable Institutions

FCS Deepak Pratap Singh 22 February 2023 at 09:57

A charitable trust derived its income from the business of providing mineral water to various companies situated in Software Technology Park in Hyderabad. A sum of Rs. 30 Lakhs has been derived as income from such business activity, which has been applied for the purpose of "General Public Utility".