Income Tax Articles

Digitisation Revolutionises Indian Taxation: Benefits & Impact

Posted by Ayush Vats 17 April 2023 4076 Views

Discover how digitisation is transforming Indian taxation, making filing easier for taxpayers and boosting government revenue through efficiency and transparency.

Section 115BAC vs Normal Tax Provisions: Choose Wisely

Posted by Latish Alwani 14 April 2023 2757 Views

Understand the differences between Section 115BAC and normal tax provisions. Make an informed decision for your taxability from AY 2024-25 onwards.

Choose Your Tax Regime: New vs Old Explained

Posted by CA Garima Bajpai 13 April 2023 12461 Views

Confused about tax regimes? Understand the differences between the new and old tax systems and decide which is best for your income and deductions.

New ITR Forms FY 2022-23: Your Filing Guide

Posted by Rashmi 13 April 2023 32159 Views

Understand the new ITR forms for FY 2022-23 (AY 2023-24). Find out which form you need and key changes for tax filing. Read now!

Finance Act 2023: Impact on Non-Residents & NRI

Posted by Geetanjali Pandey 11 April 2023 5141 Views

Discover how the Finance Act 2023 impacts non-residents and Not Ordinarily Resident individuals in India. Key changes explained.

TDS on Online Gaming Winnings: Section 194BA Explained

Posted by JITESH TELISARA and ASSOCIATES 11 April 2023 5595 Views

Understand Section 194BA: TDS on online gaming winnings from July 1, 2023. Learn about 30% tax on net winnings, no threshold, and reporting requirements.

Senior Citizen Tax Benefits: IT Act 1961

Posted by Divyanshu Sharma 11 April 2023 5742 Views

Discover tax benefits for senior citizens under the IT Act 1961, including higher exemption limits, medical deductions, and ITR filing exemptions. Learn more!

UK Income Tax Changes April 2023: Top 10 Amendments

Posted by Vishal Punchhi 10 April 2023 20309 Views

Discover the top 10 UK income tax amendments effective from April 2023. Stay informed on TDS, capital gains, leave encashment, and new tax regime changes.

Updated Tax Return u/s 139(8A) & 140B Explained

Posted by Latish Alwani 08 April 2023 9676 Views

Learn about updated income tax returns under Section 139(8A) and 140B. Discover time limits, eligibility, and how to calculate additional tax.

Additional Tax under section 140B

Posted by Neethi V. Kannanth 08 April 2023 123673 Views

A new section 140B has been proposed in the Union Budget,2022. If an assessee opts for filing the return under newly proposed section 139(8A), an additional tax is required to be paid under Section 140B.