Income Tax Articles

5 financial issues that you should pay attention to in September

Posted by CA Aakarsh Jain 07 September 2022 5118 Views

There are several significant changes coming up in September that will affect your savings, regardless of whether you pay income taxes, use debit cards for regular purchases, or participate in the national pension system.

Cash transactions and its income tax implications

Posted by CA Umesh Sharma 05 September 2022 21078 Views

Mahalaxmi Festival is celebrated with great enthusiasm by the taxpayers and the taxpayers ensure that the proper preparations and arrangements are made for arrival of Goddess Mahalaxmi. Along with this the taxpayer should keep in mind the provisions while dealing in cash.

Whether the condition of pre-deposit of 20% tax is a mandate for entertaining stay application per se?

Posted by Adv. Ravish Bhatt, ADIT, CIOT 05 September 2022 31083 Views

In terms of modified instruction No. 1914 dated 21.03.1996 issued by CBDT, payment required to be made by the assessee as a precondition for stay of demand disputed before CIT(A) is 20%.

FAQs - Clause 44 in Form 3CD under Section 44AB of the IT Act 1961

Posted by Nitin Bhuta 03 September 2022 21999 Views

The author has made the attempt to present this article in FAQ format by curiously and incisively watching and analysing, threadbare, the insightful discussions pertaining to clause 44 reporting in Form 3CD for the benefits of all the readers of this article.

How To File an Appeal Before Commissioner of Income Tax?

Posted by Taxblock 03 September 2022 13632 Views

Any person or an assessee who is aggrieved by an order of an Assessing Officer (AO), can file an appeal against the order before the Commissioner of Income Tax (Appeals) by submitting Form 35 online on the Income tax e-Filing portal within 30 days from the date of service of order or demand.

Tax Compliance Tracker for the m/o September 2022

Posted by CS Lalit Rajput 02 September 2022 4625 Views

The author lists down Tax Compliance Tracker for the m/o September, 2022

Due date Compliance Calendar for the month of September 2022

Posted by Neethi V. Kannanth 01 September 2022 15440 Views

Income Tax and GST Compliance Calendar for the month of September 2022

Guide to follow when income tax refund gets adjusted with prior outstanding demands

Posted by Taxblock 01 September 2022 9531 Views

Section 245 of the Income Tax Act empowers the Income tax department to adjust any amount of refund due to the assessee with any previous outstanding tax liability.

8 Benefits of Having Insurance Policy

Posted by Taxblock 31 August 2022 3133 Views

Insurance is a contract of indemnity in which an individual or entity receives to hedge against the risk of financial losses from an insurance company from damage to the insured property, or from liability for damage or injury caused to a third party.

Claiming DTAA Relief? File Form 10F

Posted by Neethi V. Kannanth 30 August 2022 25634 Views

If you are one of those who are claiming DTAA relief then you must be aware that you are required to file Form 10F as per sub rule 1 of Rule 21AB. CBDT through Notification No. 3/2022 dated 16 July,2022 has mandated filing Form 10F electronically. Let us understand why this Form 10F is required to be filed in detail.