Income Tax Articles
Explained: All you need to know about AIS & TIS
Ajay Kumar Maggidi 16 November 2021 at 09:42The Income Tax Department has rolled out the new AIS & TIS, tax payers can now access the same at e-filing portal.
Submission of Income Tax Returns through IT return Preparers
Ritik Chopra 15 November 2021 at 13:15It is quite evident that India has one of the lowest numbers of ITR filers considering the large population of the country. In order to overcome this problem and make tax filing easier for Indians from all walks of life, a new scheme to facilitate submission of Income Tax Return through Tax Return Preparers has been inserted w.e.f. June 1, 2006.
Whether sum received from Subsidiary to the holding company in a scheme approved by High Court considered as Slump Sale
FCS Deepak Pratap Singh 14 November 2021 at 11:57Whether any sum received from a subsidiary company by a holding company under scheme of arrangement sanctioned by High Court under provisions of Section 391 to 394 of the Companies Act, 2013 , be treated as 'Slump Sale' and liable to Capital Gain Tax?
Whether depreciation on acquired goodwill allowable under provisions of Income Tax Act 1961
FCS Deepak Pratap Singh 12 November 2021 at 09:44As per Section 32(1)(ii), depreciation is allowable in respect of know-how, patent, copyrights, trademarks, licenses, franchises or any other business or commercial rights of similar nature.
Section 80EEB of Income Tax Act
Mohit Mishra 11 November 2021 at 09:31Deduction u/s 80EEB is only available to individual taxpayers. Check out under which tax regime is available.
Post Income Tax Search and Seizure findings of incriminating material and undisclosed income
CA.Mohit Gupta 10 November 2021 at 10:08A vital question arises at this juncture and is also a matter of prolonged litigation as to whether the reasons to believe can come into existence after the issuance of a warrant of authorization.
All about Annual Information System
Susmita Dutta, CA , CPA 10 November 2021 at 09:30The new AIS is related to interest, dividends, securities, transactions, mutual fund transactions, foreign remittance information. The information is processed to eradicate duplicity of information.
Section 206AB and 206CCA - Special Provision for Deduction/Collection of TDS/TCS for non-filers of ITR
CA.R.S.KALRA 09 November 2021 at 16:10The new sections 206AB and 206CCA are inserted via Finance Act, 2021 which provides for a higher rate of TDS/TCS to be applied if the transactions are done with the non-filers of the Income Tax Return.
Applicability of Rate of Interest where interest rates have changed before tax/duty payment
Manish K.Gandhi 09 November 2021 at 09:36Taxpayers have to pay tax on or before the prescribed due date and if tax is being paid after the due date, interest at the rates prescribed under the erstwhile Act shall be levied.
Section 194Q - Tax Deduction on the Purchase of Goods
CA.R.S.KALRA 08 November 2021 at 15:42Deduction of tax at source on payment of certain sum for purchase of goods
Popular Articles
- TDS Rate Chart For Tax Year 2026-27: With Revised Section Codes in Challans
- Revised Return Due Date Extension
- Tax Deduction Rules for Employee Contributions From April 2026
- Comprehensive Guide to Statutory, Tax & Regulatory Compliances for Hotels
- Section 144C Time-Limit Finally Clarified: No More Litigation on Draft vs Final Assessment Deadlines
- Foreign Assets Disclosure Gets A Fresh Window Under Finance Bill, 2026: Part I
- Finance Bill 2026 - Clause 72: Compassion In Compensation, Clarity In Compliance And Technology In Taxation
- Online Condonation of Delay for Form 9A, Form 10, Form 10B & Form 10BB: Portal Process, Rules and Key Pitfalls
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani -
IDT LIVE Exam Oriented Batch | May 2026, Sept 2026 & Jan 2027
CA Arpita Tulsyan
CAclubindia
