Income Tax Articles
TDS Rate chart for FY 2023-24 (AY 2024-25)
This article presents a tabular representation of the various TDS rates applicable for the Financial Year (FY) 2023-2024 or Assessment Year (AY) 2024-2025, which spans from 01.04.2023 to 31.03.2024. Additionally, it also explains the changes proposed in Budget 2023 with respect to TDS.
Taxation of commission income of insurance agents
A lot of confusion arises when it comes to the income tax filing of insurance agents. An insurance agent, although having aggregate turnover below the audit limits, cannot file his Income Tax Return u/s 44AD, i.e., ITR-4. How does he file his ITR then!
CBDT amends valuation rules for calculation of rent-free accommodation provided by employer
The Finance Act, 2023 brought in an amendment in the perquisite valuation rules with regard to the value of rent-free or concessional accommodation provided by an employer to an employee, for the purpose of introducing uniformity / consistency.
A Comprehensive Guide to Taxation and Documentation for Employee Stock Options Abroad in India
Guide to Taxation and Documentation for Employee Stock Options Abroad in India
What are the 10 points to remember for Agriculture Income?
Lately we have seen serious hike in the prices of tomatoes and other farm produces. What about the Income tax on sale of tomatoes? What exactly is included in the agricultural activities?
Assessments of EPC contractors cannot be done merely by assuming and comparing accounts with Form 26AS
Assessments of EPC contractors cannot be done merely by assuming and comparing accounts with Form 26AS same is applicable even for professionals
Connecting the Dots: Making the Most of AIS Changes in Tax Reporting
The Annual Information Statement (AIS) is a document that displays the record of taxes deposited by an individual throughout a financial year.
Exploring Six Primary Types of Income Tax Notices for Salaried Individuals
If you make a mistake on your filed Income Tax Return (ITR), the tax department can send you a notice. Basically, there are six main types of income tax notices that salaried individuals might receive
1,000+ Income Tax Notices issued on Moonlighting Income for financial years 2019-2020 and 2020-2021!!
The Income Tax Department has recently taken action to address the issue of individuals failing to disclose their additional income from moonlighting activities in their Income Tax Returns (ITRs).
Unlocking Tax Compliance: Demystifying Updated Income Tax Returns
Certainly! In an effort to encourage people to comply with tax regulations, the government introduced the concept of an "updated income tax return" as part of the 2022 Budget.
Popular Articles
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- New Interest Rates on Post Office Schemes from 1 July 2026
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- F&O, Intraday and Share Trading Losses: How to Claim Maximum Tax Benefit Through ITR-3, Set-off and Carry Forward
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