Income Tax Articles

TDS & GST on Rent: A Complete Guide

Posted by CA AJIT YADKIKAR 27 January 2024 8597 Views

Understand TDS and GST on rental income in the UK. Learn about rates, thresholds, and exemptions for landlords and tenants. Get informed now!

Interest on Family Settlement Loans & Capital Gains Tax

Posted by CA Divyajeet Singh Sabharwal 23 January 2024 4002 Views

Explore the deductibility of interest on loans for family settlements against capital gains from gifted property. Understand the tax implications and legal arguments.

Section 43B(H): MSME Payments & Tax Impact FY 23-24

Posted by CA Sohrabh Jindal 23 January 2024 21955 Views

Understand Section 43B(H) impact on MSME payments from FY 23-24. Avoid tax liabilities by paying outstanding dues within 45 days.

Mutual Fund Gains Treated as Capital Gains, Not Business Income

Posted by CA Kunal Jain 22 January 2024 1716 Views

Discover how mutual fund transactions are legally treated as investments, not business activities, with insights from a recent tax tribunal decision. Learn more.

Ram Mandir Donations: Claim 80G Tax Deduction

Posted by CA Aman Rajput 22 January 2024 10251 Views

Wondering if Ram Mandir donations qualify for Section 80G tax deduction? Learn about eligibility, limits, and how to claim your deduction with the Shri Ram Janmabhoomi Teerth Kshetra Trust.

Bombay HC: Taxability of Mesne Profits Under Judicial Review

Posted by Vivek Jalan 20 January 2024 1211 Views

Understand when mesne profits become taxable. The Bombay High Court clarifies accrual rules when disputes are under judicial purview. Read now!

Peak Purchase Credit: AO Cannot Additions Post-ITAT Ruling

Posted by CA Divyajeet Singh Sabharwal 20 January 2024 512 Views

Discover how an ITAT ruling prevents AOs from adding peak purchase credit after a 4% GP rate was applied to bogus purchases. Understand the implications.

Prosecution for Non-Filing of ITR: Avoid Penalties

Posted by Vivek Jalan 19 January 2024 4799 Views

Don't risk prosecution for not filing your Income Tax Return (ITR) on time. Learn about Section 276CC and how to avoid penalties. File your ITR now!

Section 54F Exemption: Religious Use vs. Residential Intent

Posted by CA Aman Rajput 18 January 2024 2582 Views

Understand Section 54F tax exemption. Learn how religious or charitable use can impact your claim for a residential property investment. Get expert advice.