Income Tax Articles

TDS Applicability & Equilisation Levy On Advertisement Services Taken Through Facebook, Google And Instagram

Posted by Geetanjali Pandey 22 September 2023 6375 Views

These days advertisement made through digital platform is quite popular and convenient for business enterprises. While thinking about digital platform, we go for Google, Facebook, Twitter, Linkedin and Insta etc.

FAQs released for filing Form 10B/10BB (AY 2023-24)

Posted by CA Ruby Bansal 22 September 2023 6690 Views

Income Tax Department releases FAQs for filing Form 10B and 10BB

Overview of CMCPCI SMS

Posted by Niharika Bose 21 September 2023 75243 Views

CMCPCI is a unit within the Indian tax authorities that is responsible for reviewing and processing online Income Tax Returns (ITRs). If you have filed your ITR online and have received an SMS notification with the CMCPCI source code, it indicates that your return is being processed by the CMCPCI.

Understanding Tax Evasion and Tax Avoidance

Posted by Naveen Kumar 21 September 2023 4803 Views

Tax avoidance and tax evasion are both related to the non-payment or reduction of taxes, but they differ in legality and intention.

Most Ignored Section 80GG - Deductions in Respect of Rents

Posted by Amol Gopal Kabra (CA,CS,DISA) 20 September 2023 226672 Views

SECTION 80GG DEDUCTIONS IN RESPECT OF RENTS PAID Section 80GG is a little ignored Section of the Income Tax Act, 1961. This section provides deductions to those individuals who dont get any benefit of the amount paid towards rented accomm

Taxes on Slot Machine Winnings: Everything You Need to Know

Posted by Ayush 20 September 2023 1756 Views

Picture this: You're at your favourite casino, the reels are spinning, the lights are flashing, and then it happens—a winning combination. The slot ma

Revenue Vs Capital Expenditure & Depreciation on Capital Expenditure: The argument continues

Posted by Vivek Jalan 20 September 2023 2578 Views

By terminating the services of a vendor, an assessee may intend to save the expense that it would have had to incur in the relevant previous year as well as for few more years going ahead. However, it cannot be said that this saving is an enduring benefit or has resulted in creating an asset.