Income Tax Articles

Transfer of property for less than stamp duty value - Some implications

FCS Deepak Pratap Singh 05 January 2022 at 10:45

Sections Involved: 43CA, 50C & 56(2)(x) of Income Tax Act, 1961. Sale /Transfer of land or building on consideration less than Stamp Duty Value

Process of Formation & Registered Gratuity Trust

Rajesh Kumar 05 January 2022 at 08:39

Steps for Formation of Gratuity Trust

Genesis of Revision order of CIT U/s 264 of IT Act 1961

CA, CPA (USA) Shikhar Garg 05 January 2022 at 08:39

Section 264 of the Income Tax Act provides, Powers to the Commissioner of Income Tax (CIT) to exercise the order in favour of the assessee.

Supersession of Facelesss Appeal Scheme 2020

Aman Gupta 03 January 2022 at 17:04

CBDT vide Notification No. 139/2021/F. No. 370142/66/2021-TPL dated 28.12.2021 substituted the Faceless Appeal Scheme, 2020 ("old scheme") with Faceless Appeal Scheme, 2021 ("new scheme").

Statutory Tax Compliance Tracker for January, 2022

CS Lalit Rajput 31 December 2021 at 14:15

Statutory Tax Compliance Tracker for the month of January, 2022

Controversy in computing the period of limitation to frame search assessments

CA.Mohit Gupta 30 December 2021 at 09:03

The period of limitation for completion of assessment u/s 153A of the Income Tax Act'1961 for the searches conducted on or before 31st Day of March'2021 is governed by the provisions of Section 153B of the act. Even though Section 153A of the Income Tax Act'1961

Procedure of filing a delayed refund claim

FCS Deepak Pratap Singh 27 December 2021 at 08:43

In case of TDS/TCS for claiming refund you have to file your return of income within due date as prescribed under provisions of Section 139 of the IT Act, 1961...

Liability of directors of private company in liquidation

FCS Deepak Pratap Singh 27 December 2021 at 08:43

In this article we are going to discuss important aspects of provisions of section 179 of the Income Tax Act, 1961.

Are you aware of these 2 very important tax laws related to income taxable under the head PGBP?

CA Aakarsh Jain 25 December 2021 at 09:02

2 important tax laws related to income taxable under the head PGBP has been discussed in this article.

Five Tax Advice No One Tells You

Neethi V. Kannanth 24 December 2021 at 09:01

As the due date for filing of return is just around the corner and most of you would be in a hurry to file their return of income, here are a few things related to your return of income that nobody advises you about. Take a pause and have a look at it before you file your return of income.