Income Tax Articles

CBDT Extends Vivad se Vishwas Dates Yet Again!!

Mayank Mohanka 27 February 2021 at 09:45

CBDT vide its Notification No. 9/2021 dated February 26, 2021, has further extended the Due Dates under the Direct Tax Vivad se Vishwas Act, 2020.

Understanding the gamut of Dumb Documents unearthed in an IT Search and Seizure Action

CA.Mohit Gupta 26 February 2021 at 10:02

Non-speaking seized documents are referred to as 'Dumb Documents'. In this article, we will discuss the gamut of Dumb Documents unearthed in an IT Search and Seizure Action.

Presumptive Taxation u/s 44ADA

Neethi V. Kannanth 26 February 2021 at 10:02

Section 44ADA was introduced to extend the benefits of presumptive taxation to specified professionals and to reduce the burden of compliance to small professionals.

Section 194M | TDS on payments of certain Sums by Individual and HUF

CA.R.S.KALRA 26 February 2021 at 10:02

Discussing section 194M of the Income Tax Act which deals with the TDS on payments of certain Sums by Individual and HUF including its meaning, rate of TDS, threshold limit etc.

TDS u/s 194Q on purchase of goods

CA Piyush Agarwal 26 February 2021 at 10:01

Discussing Section 194Q (TDS on payment of a certain sum for purchase of Goods) of the Income Tax Act, which has been introduced by the Finance Minister in Union Budget 2021.

Corporate Tax Concession - All you need to know about Form 10IC and Form 10ID of Income tax

Ishita Ramani 25 February 2021 at 14:39

Domestic companies get an option to pay their corporate taxes at a concessional tax rate u/s 115BAA and 115BAB of the Income Tax Act, 1961 by filing Form 10IC and Form 10ID pertaining to certain conditions.

Section 194LD | TDS on Income by way of Interest on certain Bonds/Government Securities

CA.R.S.KALRA 25 February 2021 at 09:58

Discussing Section 194LD of the Income Tax Act which deals with the TDS on Income by way of Interest on certain Bonds/Government Securities including its meaning, rate of TDS, nature of payment etc.

Difference between Statutory provisions & The Social Security Code 2020 to be effective from 1st April 2021

Tikaram Chaudhary 25 February 2021 at 09:58

This article is an attempt to elaborate the difference between Statutory provisions applicable to Companies under Existing Payment of Gratuity Act 1972 (Amended) & The Social Security Code 2020 effective from 01.04.2021.

How to avail Foreign Tax Credit?

Neethi V. Kannanth 24 February 2021 at 09:51

Sections 90 and 91 of the Indian Income Tax Act, 1961 deals with Foreign Tax Credit. Through this article let us understand how to avail Foreign Tax Credit.

Section 194LC | TDS on Income by way of Interest from Indian Company or Business Trust

CA.R.S.KALRA 24 February 2021 at 09:51

Discussing Section 194LC of the Income Tax Act which deals with TDS on Income by way of Interest from Indian Company or Business Trust including its meaning, rate of TDS, and nature of payment etc.