Income Tax Articles

File ITR-U: Update Income Tax Returns After Deadline

Posted by Sparsh Wadhwa 05 January 2024 6531 Views

Missed the belated ITR deadline? Learn how to file an ITR-U form to update your income tax returns and correct errors within two years.

CBDT Redefines Intra-Group Loans & Safe Harbour Norms

Posted by Vivek Jalan 04 January 2024 1987 Views

Discover how the CBDT has redefined intra-group loans and amended safe harbour norms for MNCs. Learn about the changes effective April 1, 2024, and their impact.

Gujarat HC Rules on Interest for Delayed Tax Refunds

Posted by CA Divyajeet Singh Sabharwal 03 January 2024 2108 Views

Learn how the Gujarat High Court ruled in favour of taxpayers claiming interest on delayed tax refunds due to ITD errors. Understand your rights.

E-commerce TDS Guide: Understand Your Obligations

Posted by CA Kunal Jain 02 January 2024 4395 Views

Navigate e-commerce TDS with our detailed guide. Clarifies responsibility, gross amount, discounts, and rates for online transactions. Stay compliant!

TDS Deduction: Business & Profession Guide

Posted by anmol bohra 30 December 2023 3160 Views

Understand TDS deduction for businesses and professions. Learn who must deduct, when, and the penalties for non-compliance. Get informed!

Form 15CA & 15CB: Your Guide to Payments Abroad

Posted by Ishita Ramani 30 December 2023 4807 Views

Understand Form 15CA and 15CB for payments outside India. Learn applicability, filing process, and recent simplifications for NRIs and businesses.

File Late Income Tax Return by 31st Dec 2023

Posted by Sparsh Wadhwa 30 December 2023 3470 Views

Missed the deadline? Learn how to file your belated income tax return in India by 31st December 2023 and avoid penalties. Step-by-step guide included.

Business Expenses: Are They Legitimate? Case Study

Posted by CA Rakesh Ishi 28 December 2023 757 Views

Discover if business expenses like interest and late fees are deductible. Learn from the Swing Infraspace case and understand your tax obligations.

Section 16 Tax Deductions Explained: Standard, Entertainment & Prof Tax

Posted by Pranab Banerjee

28 December 2023 3246 Views

Understand Section 16 deductions: Standard, Entertainment, and Professional Tax. Learn about eligibility, calculations, and limitations for FY 2023-24.

TDS Section 195: Software Payments to Non-Residents

Posted by CA Rakesh Ishi 27 December 2023 8576 Views

Understand TDS under Section 195 for payments to non-residents, especially software transactions. Learn implications from the Engineering Analysis Centre case.