Income Tax Articles

Section 196B | TDS on long term capital gains (LTCG) from units referred to in section 115AB

CA.R.S.KALRA 04 March 2021 at 09:43

Discussing the meaning, rate of TDS, nature of payment etc. of Section 196B which deals with TDS on long term capital gains (LTCG) from units referred to in section 115AB.

Section 195 | TDS on Non-Resident Payments

CA.R.S.KALRA 03 March 2021 at 09:57

Discussing the meaning, rate of TDS, nature of payment and threshold limit etc. of Section 195 of the Income Tax Act - TDS on Non-Resident Payments.

Section 194O | TDS on E-commerce Operator

CA.R.S.KALRA 02 March 2021 at 09:52

Discussing Section 194O of the Income Tax Act, which deals with the TDS on E-commerce Operator including its meaning, rate of TDS, and recent amendments etc.

ITR Not Processed Yet? Try these 4 Things!

Aishna Kukreja 01 March 2021 at 15:38

In case, due to any reason your ITR is not processed, the concerned authorities may ask you to explain further or correct your mistakes. Discussing four reasons why your ITR hasn't been processed and how you can resolve this issue.

Taxation Due Dates Extended under Income Tax (Penalty & Assessment / Re-assessment) and Benami Act

CS Lalit Rajput 01 March 2021 at 09:50

The Central Board of Direct Taxes has extended various due dates of Assessment and Re-Assessment under the Income Tax Act, together with due dates under the Benami Act.

Section 194N | TDS on cash withdrawal from banks/post offices

CA.R.S.KALRA 01 March 2021 at 09:50

Discussing Section 194N of the Income Tax Act, which deals with the TDS on cash withdrawal from banks/post offices, including its meaning, rate of TDS, exemptions etc.

Exceptions to the rule - Income of P.Y. is taxable in A.Y.

Ritik Chopra 27 February 2021 at 14:30

In some cases, income is taxed in the same year in which it is earned and so in these exceptional cases a previous year will also function as an assessment year. Let us discuss those exceptions.

What is E-Tax payment?

Ayushi Arora 27 February 2021 at 09:45

E-Tax payment is a facility provided to the taxpayers to make income tax payments through the internet, using Net-banking/Debit card of the selected Bank.

How to Determine the Residential Status of an Individual?

Ritik Chopra 27 February 2021 at 09:45

A person with an American citizenship can still be a resident of India for Income Tax purposes. The residential status of the assessee is to be determined each year with reference to the 'previous year'.

Section 115BAD | New Tax Regime for Resident Co-Operative Societies

Neethi V. Kannanth 27 February 2021 at 09:45

Section 115BAD was introduced to provide the benefit of a lower tax rate to Resident Cooperative Societies. It is applicable for any PY relevant to the AY beginning on or after 01.04.2021.