Income Tax Articles

Rule 132 under Income Tax Rules 1962 and its impact on taxpayers

Posted by FCS Deepak Pratap Singh 02 November 2022 20513 Views

In this article, we take a look into all details you need to know about Rule 132.

Statutory Due Dates and Compliance Calendar for the Month of November 2022

Posted by Ishita Ramani 02 November 2022 9094 Views

Important due dates and Compliance Calendar for the Month of November 2022

Case Study: Double Tax Avoidance Agreement

Posted by FCS Deepak Pratap Singh 29 October 2022 6763 Views

Case Study on Double Tax Avoidance Agreement (DTAA)

CBDT releases FAQs related to filing of Form 3CEB

Posted by Shree 28 October 2022 9272 Views

FAQs related to filing of Form 3CEB are available on Income Tax portal

Case study on Income Tax Act 1961

Posted by FCS Deepak Pratap Singh 25 October 2022 8025 Views

State the consequences that would follow, if the Assessing Officer makes adjustment to arm's length price in international transactions of the assessee resulting in increase in taxable income.

Small delay in depositing PF & ESI would lead to irreparable income tax loss decides Supreme Court

Posted by CA Ankit Gulgulia (Jain) 20 October 2022 11508 Views

Most of us are under an impression that depositing Provident Fund and ESI although is a regular monthly exercise but a small delay cannot impact any Income Tax Perspective since we can claim deduction of such PF and ESI Contribution if it is deposited before the Due date of Filing Income Tax Return under Income Tax Act, 1961.

FAQs related to filing of Form 27C

Posted by Shree 06 October 2022 9279 Views

FAQs related to filing of Form 27C is now available on Income Tax Portal

Statutory Tax Compliance Tracker - October, 2022

Posted by CS Lalit Rajput 03 October 2022 7700 Views

Tax Compliance Tracker for the month of October, 2022

All about Foreign Bank and Financial Accounts Regulations (FBAR)

Posted by Taxblock 03 October 2022 2773 Views

The Foreign Bank and Financial Accounts Regulations (FBAR) form came into existence as part of the Bank Secrecy Act of 1970 (BSA) with the aim to prevent taxpayers from avoiding paying taxes by hiding assets overseas

Whether payment by a resident to non-resident for imported software is payment of 'royalty' requiring to deduct tax u/s 195 or a transaction of purchase of goods?

Posted by Adv. Ravish Bhatt, ADIT, CIOT 02 October 2022 4140 Views

S.9(1)(vi)(b) of the Income Tax Act, 1961 ("The Act") provides that income by way of royalty payable by a resident except where the royalty is payable in respect of any right, property or information used or services