Income Tax Articles

Tax Saving Options for Salaried Person

Posted by CA Rahul Mittal 27 January 2023 19889 Views

As we all know March 2023 is coming. This means financial year 2022-23 is about to end. Everyone looks for tax planning to save tax. Here we will talk about ways to save tax for salaried people.

Section 194IA of IT Act, 1961 - TDS on Sale of Immovable Property

Posted by CA Piyush Agarwal 18 January 2023 13264 Views

Section 194IA is inserted by Finance act 2013 and it is applicable from 01st of June, 2013.

Startup India: Impact of 80IAC of IT Act on Startups

Posted by FCS Amit Kumar Sharma 16 January 2023 7080 Views

Section 80IAC of the Income Tax Act provides tax benefits to eligible startups for their first three years of operations.

Why Registered Valuer should be included for Valuation under Income tax Act?

Posted by CMA Harshad S Deshpande 12 January 2023 8214 Views

Valuation refers to calculation of value of the business/underlying asset/liabilities of entity.

All about Non-resident taxation

Posted by Venkat Raj 11 January 2023 4243 Views

Any payment made to non-resident or to a foreign company whereby tax has to be deducted under Section 195 of Income tax Act ('IT ACT'). There are lot of complexities in dealing with this aspect which will be discussed in this missive.

Transfer Pricing in India: A Comprehensive overview with key case studies

Posted by Hardik Parikh 10 January 2023 12111 Views

In India, transfer pricing is regulated by the Income Tax Act 1961 and the rules prescribed thereunder. The Central Board of Direct Taxes (CBDT) is responsible for enforcing India's transfer pricing regulations.

Incidence of Section 112A to be taxed at MMR u/s 115UA of IT Act 1961

Posted by Someswar Roy 10 January 2023 9923 Views

Incidence of Section 112A in the hands of unit-holders of a business trust, to be taxed at maximum marginal rate (MMR) u/s 115UA of the income tax act, 1961

Section 195 of Income Tax

Posted by Chetan Chauhan 09 January 2023 5620 Views

Section 195 of the Income Tax Act of India pertains to the deduction of tax at source on certain incomes received by a non-resident or a foreign company.

Taxation Of Gifts - Income Tax Act, 1961

Posted by FCS Deepak Pratap Singh 09 January 2023 4834 Views

Taxability of gift received by any person, i.e., sum of money or property received without consideration or a case in which the property is acquired for inadequate consideration.