Income Tax Articles

Capital gains and its taxability

Taxblock 24 September 2021 at 09:46

Capital gains are the amount of net profits(gains) that the investor makes from selling of any capital assets over the purchase price of that assets. The entir..

What is Tonnage Taxation?

Poojitha Raam Vinay 22 September 2021 at 15:44

Tonnage taxation is a presumptive taxation scheme under which qualifying shipping companies operating qualifying ships are given this option.

Income Tax Search and Seizure: Irregularity versus an illegal Income Tax Search- Analysis

CA.Mohit Gupta 22 September 2021 at 09:32

Rule 112 of the Income Tax Rules'1962 lays down the procedure, forms of authorization, manner and other procedural effects of carrying out search and seizure action as enumerated u/s 132 of the act.

Individuals - Residential Status & Amended Income Taxability

CA Kunal Arora 21 September 2021 at 09:57

An Indian Citizen who leaves India during the PY for the purpose of employment or as a member of the crew of an Indian Ship

Section 14A and Rule 8D of the Income Tax Act

Neethi V. Kannanth 20 September 2021 at 14:57

Method for Determining Expenditure Incurred Towards Earning Income Not Forming part of Total Income - Section 14A and Rule 8D

Cryptocurrencies & Taxation of Cryptocurrencies under Income Tax

Taxblock 18 September 2021 at 10:51

A cryptocurrency is digital, decentralized currencies that are issued by a private enterprise to work as a consideration of transaction between two individuals or businesses without any direct interference from the government.

Audit under Section 44AB of the Act

CA.R.S.KALRA 17 September 2021 at 10:09

Provisions of Section 44AB has been explained in this article.

New Income Tax Portal

Taxblock 17 September 2021 at 09:46

New Income Tax Portal was launched on 7th June, 2021 by CBDT (Central Board of Direct Tax). The portal is being redesigned for the easy filing and to eliminate the glitches or any other difficulties.

Payment of Gratuity and Exemption from Tax

Neethi V. Kannanth 16 September 2021 at 17:03

Gratuity is a monetary benefit given by the employer to employees. It is governed by Payment of Gratuity Act, 1972. The exemption limit has been increased to Rs 20 lakh from the earlier Rs. 10 lakh.