Income Tax Articles

What is the new snag of TDS on purchase of goods?

CA Umesh Sharma 17 February 2021 at 11:46

Analysing the new provision for TDS i.e. Section 194Q, that has been proposed in the Union Budget 2021-22 and what will be its impact on the taxpayers.

Capital Gain Exemption Under Section 54 of Income Tax Act, 1961

Neethi V. Kannanth 17 February 2021 at 10:03

As per section 54, an individual or HUF selling a residential house property can avail tax exemption under the said section for capital gain, provided the capital gains are invested in purchase or construction of Residential House Property.

Old Vs New Income Tax Regime

Ritik Chopra 17 February 2021 at 10:03

A new Income Tax regime was introduced by FM Smt. Nirmala Sitaraman in Budget 2020 with more tax slabs and lower tax rates. In this article, we do a comparative analysis of the Old and New Income Tax Regime.

Section 194LBA | TDS on Certain Income from Units of a Business Trust

CA.R.S.KALRA 17 February 2021 at 09:55

Discussing Section 194LBA of the Income Tax Act 1961, which deals with the TDS on Certain Income from Units of a Business Trust including its meaning, rate of TDS, eligibility requirements etc.

TDS on Payments to Residents & Non-Residents

Ayisha Anis 16 February 2021 at 09:52

TDS is a provision to ensure swift recovery of tax and is done at specified rates on specified payments. The government has amended TDS rates for residents, however, these changes are not applicable to NRIs.

Section 194LB | TDS on Income by way of Interest from Infrastructure Debt Fund

CA.R.S.KALRA 15 February 2021 at 09:42

Discussing Section 194LB of the Income Tax Act, which deals with the TDS on Income, by way of Interest from Infrastructure Debt Fund including its meaning, rate of TDS and responsibility etc.

Save upto 78K in Taxes and Also Get Financially Fitter with ETMONEY

Suhasini 13 February 2021 at 16:56

Tax Saving is often considered one of the most important aspects of Financial Planning. We all know that every year we have to pay a certain percentage of our income as tax to the government.

Compilation of Notifications & Circulars issued by CBDT in the month of January 2021

SAGAR MALHOTRA 13 February 2021 at 16:06

Discussing all the Direct Tax Notifications and Circulars issued by the Central Board of Direct Taxes, in the month of January 2021.

Section 194LA | TDS on Payments of Compensation on Acquisition of certain Immovable Property

CA.R.S.KALRA 13 February 2021 at 09:58

Discussing Section 194LA of the Income Tax Act which deals with TDS on Payments of Compensation on Acquisition of certain Immovable Property including its meaning, rate of TDS, and eligibility etc.