Income Tax Articles

Section 194H | TDS on Commission and Brokerage

CA.R.S.KALRA 22 January 2021 at 10:42

In this article, we discuss Section 194H of the Income Tax Act which deals with TDS on Commission and Brokerage including its applicability, rate of TDS, and major judicial pronouncements.

Cash Restrictions on Charitable Trusts

CA.R.S.KALRA 21 January 2021 at 09:10

A charitable or religious institution has substantial source of receipts in form of donations

Section 194G | TDS on Commission on Sale of Lottery Tickets

CA.R.S.KALRA 21 January 2021 at 09:04

Discussing Section 194G of the Income Tax Act, which deals with TDS on Commission on Sale of Lottery Tickets, including its meaning, eligibility, TDS Rate, Time Period and Threshold Limit.

Section 194EE | TDS on Payments in respect of Deposit under National Savings Scheme

CA.R.S.KALRA 21 January 2021 at 09:04

Understanding Section 194EE of the Income Tax Act -TDS on payments in respect of deposit under National Savings Scheme , Person responsible to deduct Tax,Rate of TDS,Time period and the limit applicable.

Cash transactions in agriculture sector

CA.R.S.KALRA 20 January 2021 at 11:36

This article explains the applicability of provisions of Section 40A(3),269ST,269SS,Section 194N and Section 269T in respect of Kachha Arahtia and Pacca Arahtia.

Section 194E | TDS on Payments to Non-Resident Sportsmen or Sports Association

CA.R.S.KALRA 20 January 2021 at 09:53

Who is the Person responsible to deduct TDS under section 194E-TDS on payments to Non Resident Sportsmen or Sports Association , Time period of deducting tax,Rate of TDS has been explained in this article.

Deferred Tax Asset and Deferred Tax Liability

Neethi V. Kannanth 20 January 2021 at 09:53

In this article , the meaning of deferred tax asset and deferred tax liability has been explained along with brief examples for better understandability.

Section 194DA | TDS on Payment in respect of Life Insurance Policy

CA.R.S.KALRA 18 January 2021 at 09:58

This article discusses the TDS provisions applicable on payment in respect of Life Insurance Policy like who is responsible to deduct tax ,time period of deduction, rate etc.

Persons Who Are Compulsorily Required To File ITR in India

Meet Gudhka 18 January 2021 at 09:58

This article focuses on the provisions laid down in the Income Tax Act, 1961 with respect to mandatory filing of a Return of Income (conveniently known as ITR) by an Individual.

Taxation of Derivative Transactions

Kanj 16 January 2021 at 13:00

The purpose of this article is to assist the new entrants regarding the taxation of derivative transactions and the method of computation of profits arising out of derivative trading.