Income Tax Articles

TCS Rate chart: What are the applicable TCS rates for FY 2023-24 (AY 2024-25)?

Pushkar 23 February 2021 at 10:21

TCS is the tax payable by a seller which he collects from the buyer at the time of sale. This article focuses on the TCS Rates for FY 2021-22 (AY 2022-23).

A Guide on Form 15CA and 15CB

Ritik Chopra 23 February 2021 at 09:51

Foreign remittances are often considered difficult due to compliance requirements. This article will cover the foreign remittances process of submission and compliance.

Section 194LBC | TDS on Income in Respect of Investment in Securitization Trust

CA.R.S.KALRA 23 February 2021 at 09:51

Discussing Section 194LBC of the Income Tax Act which deals with the TDS on Income in Respect of Investment in Securitization Trust including its Meaning, Rate of TDS etc.

Exemption u/s 54F of the Income Tax Act

Neethi V. Kannanth 23 February 2021 at 09:51

There are various sections under the Income Tax Act, 1961 which provides an exemption from long term capital gain. Through this article let us understand Section 54F.

Clarification and FAQs on Section 194IB of Income Tax Act, 1961

Jigar Shah 22 February 2021 at 09:53

Section 194-IB deals with the provisions relating to Tax deducted at source (TDS) on Rent paid by individual / HUF. Let us discuss some clarifications and FAQs on this section.

Section 194LBB | TDS on Income in Respect of Units of Investment Fund

CA.R.S.KALRA 19 February 2021 at 09:56

Discussing Section 194LBB of the Income Tax Act, which discusses TDS on Income in Respect of Units of Investment Fund including its meaning, eligibility, and rate of TDS etc.

What You Can Do Right Now to Make 2021 Your Best Tax Year Ever

Shrijay Sheth 18 February 2021 at 14:31

Traditional tax planning has always been transactional, and it is not as fruitful as it sounds to us. You ask questions to prepare your taxes and check out what you do in the grim times.

TDS Rate Chart: What are the applicable TDS rates for FY 2021-22?

CA Sapna Ghelani 18 February 2021 at 09:54

The TDS rate Chart for FY 2021-22 and AY 2022-23. The TDS rate chart has been updated with all the latest amendments as per the Finance Act 2021.

Section 234C | Attraction of Interest on Non-Payment of Taxes

Pushkar 18 February 2021 at 09:54

Section 234C provides for levy of interest for default in payment of instalment(s) of advance tax. Interest under section 234C is levied, if the advance tax paid in any instalment(s) is less than the required amount.

ITR filing exemption to senior citizen above age of 75 - A fiasco?

CA Umesh Sharma 17 February 2021 at 11:46

In this article, Krishna and Arjuna discuss whether the ITR filing exemption to senior citizens above the age of 75 given in Union Budget 2021-22 is actually beneficial and useful for them, or is it just a fiasco?