Income Tax Articles

Tax treatment of Agricultural Income

Posted by CA Manish 07 December 2023 190856 Views

Agricultural Income Tax treatment / Taxability Agricultural Income : Agriculture income is exempt under the Indian Income Tax Act. This means that income earned from agricultural operations is not taxed. The reason for exemption of agricultu

TDS on Goods Purchases: Section 194Q Explained

Posted by CA Sudhir Halakhandi 07 December 2023 18381 Views

Understand TDS u/s 194Q for goods purchases. Learn who deducts, when, at what rate, and deposit deadlines. Avoid penalties.

Automate Tax Filing: Form 16 Part B for 50 Employees

Posted by Pranab Banerjee

07 December 2023 9974 Views

Streamline income tax filing for 50 employees with Form 16 Part B in FY 2023-24. Learn about Automatic Income Tax and master deductions, TDS, and accurate reporting.

Capital Asset Transfers: Pre & Post AY 2017-18 Tax Rules

Posted by Vivek Jalan 07 December 2023 2088 Views

Understand capital asset transfer tax implications before and after AY 2017-18. Learn how stamp duty valuation and possession dates affect capital gains tax.

PAN Quoting Rules: When is it Mandatory?

Posted by CA Bhawna Dua 06 December 2023 10793 Views

Discover the 18 key transactions where quoting your PAN is mandatory under the Income Tax Act, 1961. Avoid penalties and ensure compliance.

Limitation Act & Income Tax Act: Delhi HC Ruling

Posted by CA Aman Rajput 05 December 2023 1156 Views

Discover how a Delhi High Court ruling blurs lines between Limitation Act and Income Tax Act, potentially favouring bona fide litigants. Learn more!

Best Tax Saving Mutual Funds UK 2023 | ELSS Guide

Posted by Sparsh Wadhwa 05 December 2023 1228 Views

Discover the best tax-saving mutual funds (ELSS) for 2023. Learn about their 3-year lock-in, potential for high returns, and top investment options.

Higher TDS: Avoid Defaults Due to Inoperative PAN

Posted by CA Umesh Sharma 04 December 2023 12834 Views

Learn why TAN holders are receiving TDS default notices. Discover how inoperative PANs lead to higher TDS rates and how to verify PAN status to prevent issues.

Car Lease Policy: Save Tax on Your Company Car

Posted by Sparsh Wadhwa 01 December 2023 5509 Views

Discover how an employer-provided car lease policy can significantly reduce your taxable income and save you money. Learn about tax benefits and more.