Income Tax Articles

Income Tax Search and Seizure Assessments - No universal application of the "extrapolation technique" in Search Assessments

CA.Mohit Gupta 25 November 2020 at 08:37

In this article, we discuss the extrapolation technique in the Income Tax Search and Seizure Assessments and how there is no universal application regarding it...

Amendments made by Finance Act 2020 relating to Trusts

CA Santhosh Gupta Kethepalli 24 November 2020 at 15:12

Finance Act, 2020 has made changes with respect to the provisions related to Trusts and NGOs claiming exemption u/s 11 or u/s 12 of the Income Tax Act, 1961. Let us understand those changes.

Form 16 Vs. Form 16A Vs. Form 16B

Shweta 24 November 2020 at 10:06

Under the Income Tax Act, Form 16, 16A, and 16B refer to TDS certificates issued by the deductor to the deductee, which certify that tax has been deducted.

Form 15CA and Form 15CB: Forms to be filed for Payments made to Non Residents

Ajay Kumar Maggidi 23 November 2020 at 10:00

When taxpayers are involved in making payments to Non-Residents, they shall comply with the provisions of income tax which requires the taxpayers to file Form 15CA and 15CB as applicable.

Basics of Income tax: A Beginners Guide

shahyar husain 17 November 2020 at 10:49

In the following article, we explain all the steps required to calculate tax returns and the basics of income tax, from a beginner's perspective.

Buying your dream home becomes cheaper this Diwali!

CA Umesh Sharma 16 November 2020 at 16:18

One can now buy a house at a rate of 20% lower than the circle rate. This new norm is for residential units up to Rs. 2 Cr. and will be effective till 30th June 2021.

Refund - Everyone wants it, not all get it!

CA Akash Agarwal 12 November 2020 at 12:52

Many of us get refunds from the Income Tax Department while some of us don't. So, let's discuss when and how does one get a refund along with the complexities involved?

Taxation for Contractual Employees and Freelancers

Shubham 12 November 2020 at 10:27

In the case of contractual employees and freelancers, there is no employer-employee agreement. Thus, it comes under the ambit of professional services and TDS for the same is deducted u/s 194J.

A brief about Indian Income Tax Law for Law Students and Lawyers

Guest 10 November 2020 at 13:16

Here is a brief about Indian Income Tax Law for lawyers and law students. You can also understand Indian Income Tax law in detail with our best in class income tax books that are now available for purchase online.

E-invoicing: The new lighting of GST this Diwali!

CA Umesh Sharma 09 November 2020 at 14:45

The E-Invoicing system in GST was launched on 1st October 2020. E-Invoicing has successfully completed a month on 31st October 2020. How has it brightened the GST system?