Income Tax Articles

What is e-filing of return?

Ritik Chopra 18 November 2021 at 15:11

The process of electronically filing Income tax returns through the internet is known as e-Filing or electronic filing of return. This means you no longer need to visit the nearest Income Tax Department's office to file your returns physically.

Withholding Tax Rates as per DTAA

Neethi V. Kannanth 18 November 2021 at 14:42

This write up provides all such rates as prescribed under various Double Taxation Avoidance Agreements entered into between Indian and various foreign countries.

Taxability of Listing gains in IPO

CA Nikita Motwani 16 November 2021 at 09:43

IPOs are an opportunity for picking up great stocks for long term investment. But one of the major reasons for investing in IPOs by retail investors is listing ..

Tax Planning has to start early

CA Anurag Sharma 16 November 2021 at 09:43

Start your tax planning now rather than asking your CAs or consultants later.

Whether Interest On Compensation Awarded By MACT (Motor Tribunal) Considered As Income

FCS Deepak Pratap Singh 16 November 2021 at 09:42

Whether Compensation awarded by Motor Accident Claims Tribunal - Interest on compensation awarded up to date of order of Tribunal or Court is taxable

Explained: All you need to know about AIS & TIS

Ajay Kumar Maggidi 16 November 2021 at 09:42

The 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 13:15

It 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 11:57

Whether 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 09:44

As 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.