Income Tax Articles

ITR Refund Quick Process

CS Lalit Rajput 16 August 2022 at 08:36

Under the income tax and other Direct Tax laws, tax refunds arise in those cases where the amount of tax paid by a person (or paid on his/her behalf) is greater than the amount on which he/she is properly chargeable. When you file the return of your income, you can avail tax refund.

What is Section 206CQ?

Neethi V. Kannanth 08 August 2022 at 08:58

Description about Section 206CQ in Form 26AS states that it deals with collection of Tax at source for remittances made under the Liberalised Remittance Scheme. 206CQ is nothing but a TCS deposit challan code.

Case Study 7 - Income Tax Act 1961 (Gift of Equity Shares)

FCS Deepak Pratap Singh 06 August 2022 at 09:03

Income Tax Act 1961 (Gift of Equity Shares)

Tax Compliance Tracker - August, 2022

CS Lalit Rajput 04 August 2022 at 16:36

Tax Compliance Tracker for the m/o August, 2022

Income Tax on Political Parties

Sai Charan 04 August 2022 at 11:04

Political parties play a key role in democracies as they contest elections, form governments and policies and are responsible for providing Government and for the improvement of the lives of the common man.

Case Study 5 - Transfer of Property Act 1882

FCS Deepak Pratap Singh 02 August 2022 at 08:54

It is a well-established fact that a person cannot transfer to another person more than he has or a person cannot transfer to another person what he does not has at the time of transfer.

What is Change in GST on Renting of Residential Property?

CA Umesh Sharma 01 August 2022 at 16:36

Changes relating to GST rate, in pursuance of recommendations are coming into effect from the 18th of July 2022, CBIC has issued notification no. 5/2022 regarding Reverse Charge on renting of residential dwelling for use as residence to a registered person.

Presumption of constructive notice concerning Transfer of Property Act, 1882

FCS Deepak Pratap Singh 30 July 2022 at 08:47

Section 3 of the Transfer of Property Act, 1882 asserts under what circumstances a person is said to have a knowledge of fact or notice. Notice is mentioned in section 39, 40, 41, 53 and 53(A) of the Transfer of Property Act.

Attention: ITR Due Date may not be extended, File ITR before 31st July 2022 to avoid late fees of 1000/5000

CA Umesh Sharma 29 July 2022 at 09:00

The Due Dates for all Individuals, HUF's and Firms who are not required to audit their books of accounts, company assessee, LLP's assessee, etc. are required to file their Income Tax Return before 31st July,2022. So this is the last week to file Income Tax Return.

Cases of Compulsory Scrutiny of Income Tax!

CA Umesh Sharma 28 July 2022 at 17:44

CBDT has provided Guidelines for compulsory selection of returns for Complete Scrutiny for FY 2022-23. Also, procedure for compulsory selection has also been provided in the guidelines provided by CBDT.