Income Tax Articles

TDS u/s 194Q on purchase of goods

CA Piyush Agarwal 26 February 2021 at 10:01

Discussing Section 194Q (TDS on payment of a certain sum for purchase of Goods) of the Income Tax Act, which has been introduced by the Finance Minister in Union Budget 2021.

Corporate Tax Concession - All you need to know about Form 10IC and Form 10ID of Income tax

Ishita Ramani 25 February 2021 at 14:39

Domestic companies get an option to pay their corporate taxes at a concessional tax rate u/s 115BAA and 115BAB of the Income Tax Act, 1961 by filing Form 10IC and Form 10ID pertaining to certain conditions.

Section 194LD | TDS on Income by way of Interest on certain Bonds/Government Securities

CA.R.S.KALRA 25 February 2021 at 09:58

Discussing Section 194LD of the Income Tax Act which deals with the TDS on Income by way of Interest on certain Bonds/Government Securities including its meaning, rate of TDS, nature of payment etc.

Difference between Statutory provisions & The Social Security Code 2020 to be effective from 1st April 2021

Tikaram Chaudhary 25 February 2021 at 09:58

This article is an attempt to elaborate the difference between Statutory provisions applicable to Companies under Existing Payment of Gratuity Act 1972 (Amended) & The Social Security Code 2020 effective from 01.04.2021.

How to avail Foreign Tax Credit?

Neethi V. Kannanth 24 February 2021 at 09:51

Sections 90 and 91 of the Indian Income Tax Act, 1961 deals with Foreign Tax Credit. Through this article let us understand how to avail Foreign Tax Credit.

Section 194LC | TDS on Income by way of Interest from Indian Company or Business Trust

CA.R.S.KALRA 24 February 2021 at 09:51

Discussing Section 194LC of the Income Tax Act which deals with TDS on Income by way of Interest from Indian Company or Business Trust including its meaning, rate of TDS, and nature of payment etc.

TCS Rate chart: What are the applicable TCS rates for FY 2023-24 (AY 2024-25)?

Pushkar 23 February 2021 at 10:21

TCS is the tax payable by a seller which he collects from the buyer at the time of sale. This article focuses on the TCS Rates for FY 2021-22 (AY 2022-23).

A Guide on Form 15CA and 15CB

Ritik Chopra 23 February 2021 at 09:51

Foreign remittances are often considered difficult due to compliance requirements. This article will cover the foreign remittances process of submission and compliance.

Section 194LBC | TDS on Income in Respect of Investment in Securitization Trust

CA.R.S.KALRA 23 February 2021 at 09:51

Discussing Section 194LBC of the Income Tax Act which deals with the TDS on Income in Respect of Investment in Securitization Trust including its Meaning, Rate of TDS etc.

Exemption u/s 54F of the Income Tax Act

Neethi V. Kannanth 23 February 2021 at 09:51

There are various sections under the Income Tax Act, 1961 which provides an exemption from long term capital gain. Through this article let us understand Section 54F.