Income Tax Articles

Section 80D - Deduction in respect of Medical Insurance Premium under IT Act

CA Santhosh Gupta Kethepalli 05 October 2020 at 14:45

In the present scenario, due to the arise of Covid-19, many people are purchasing Health Insurance policies. Premiums paid on such policies are eligible for deduction u/s 80D of Income Tax Act. Let us discuss the deduction.

TDS on fees for professional or technical services

FCS Deepak Pratap Singh 05 October 2020 at 10:45

The Government had brought in the concept of TDS, through which persons are required to deduct TDS and deposit the same with the Government. Know more about TDS on fees for professional and technical services here

Section 139(1) - Seventh Proviso w.e.f 01.04.2020

Puneet Taneja 03 October 2020 at 10:58

The Seventh Proviso to Section 139(1) mandates the filing of Income Tax Return for a person undertaking certain high-value transactions or expenditures. Let us discuss the proviso.

FAQs On Sec 206C (1H)- A Tabular Presentation

CA Rohit kapoor 03 October 2020 at 10:58

Tabular Presentation of some of the most asked questions regarding TCS on goods u/s 206C (1H) w.e.f 1st October 2020.

TCS u/s 206C (1H) - Points to be kept in mind while applying the section

PIYUSH AGARWAL 03 October 2020 at 10:46

Peculiar points to be kept in mind while applying TCS u/s 206C (1H) on sale of goods.

TCS u/s 206C (1H) - Applicability, Exemptions and Payment Schedule w.e.f 1st Oct 20

Susmita Dutta, CA , CPA 01 October 2020 at 17:03

TCS u/s 206C (1H) will be applicable w.e.f 1st October 2020. Let us understand the applicability, exemptions, and payment schedule etc. of the section.