Income Tax Articles

What do you mean by Annual Value?

Posted by Ritik Chopra 24 November 2023 329184 Views

The term annual value has been defined under Section 23(1) of the Income-tax Act, as "the sum for which the property might reasonably be expected to let from year to year".

HRA Tax Benefits in India: Calculation & Exemption

Posted by Law Legends 24 November 2023 4634 Views

Understand House Rent Allowance (HRA) tax benefits in India. Learn eligibility, calculation, and how to claim exemptions under the Income Tax Act.

HNIs Use LLPs for Tax Optimisation

Posted by CA Aman Rajput 22 November 2023 13091 Views

Discover how High Net Worth Individuals (HNIs) are using LLPs for significant tax savings through favourable rates and single-layer taxation. Learn more.

Income Tax Officer: Investigator & Adjudicator Role

Posted by CA Aman Rajput 21 November 2023 2467 Views

Understand the active role of an Income Tax Officer. Discover their dual duty as investigator and adjudicator, and when they must probe returns.

Diwali Gifts & Tax: Know the Rules

Posted by CA Umesh Sharma 20 November 2023 4189 Views

Understand Diwali gift tax implications. Discover exemptions, perquisite rules, and TDS on gifts from employers and more. Stay compliant this festive season!

Income Tax India: Filing ITR & Forms Guide

Posted by Shivani 20 November 2023 6667 Views

Navigate India's Income Tax Return (ITR) filing with our comprehensive guide. Understand applicable forms like ITR-1, ITR-2, and more. File with confidence!

File Belated Income Tax Return After Due Date

Posted by Sparsh Wadhwa 20 November 2023 4092 Views

Missed the income tax deadline? Learn how to file a belated return under Section 139(4) with our step-by-step guide and understand the consequences.

Anonymous Donations: Tax Rules & Controversies Explained

Posted by CA Aman Rajput 17 November 2023 4007 Views

Understand anonymous donations, their taxation under Section 115BBC, and the controversies surrounding them. Learn about exemptions and compliance for charities.

Charity Registration: Do You Need Other Law Registration?

Posted by Vivek Jalan 17 November 2023 1141 Views

Discover if your charitable institution needs prior registration under other laws to register for income tax exemption. Learn about the latest ITAT ruling.