Income Tax Articles


Section 10AA: Provisions Related To Newly Established Units In Special Economic Zones

  Ritik Chopra    26 May 2021 at 09:31

Section 10AA provides a deduction from total income of such profits and gains derived by an assessee being an entrepreneur from the export of articles or things or services for certain consecutive assessment years.



Major Amendment in Registration Procedure u/s 12A & 80G

  Manish Gupta    26 May 2021 at 09:31

Section 12A of the Income Tax Act, 1961 is the stepping stone for every charitable organization. It enables non-profit entities such as Charitable Trusts, Non-Profit Organization, Welfare Societies, Religious Institutions, etc. to claim full tax exemption as per Section 11 and 12 of the Income Tax Act, 1961.



Income Tax Benefits Available to Individuals and HUF - Part 3

  Neethi V. Kannanth    25 May 2021 at 09:59

Discussing the Deductions Allowable from Taxable Income to Individuals and HUF as per Chapter VIA of the Income Tax Act, 1961.



Income Tax Benefits Available to Individuals and HUF - Part 2

  Neethi V. Kannanth    24 May 2021 at 09:44

Let us discuss the incomes that are exempt from tax and the deductions from taxable income that are available to Individuals and HUF under the Income Tax Act.



Analysis Of Amendment In Procedure Of Re-Registration Of Charitable Institutions

  CA Niyati Soni    24 May 2021 at 09:44

Central Government has come up with a new section 12AB in Union Budget  2020. It mandates the requirement of re-registration of 12AA and re-approval of existing 80G and 10 of all existing Charitable / Religious Institutions.



Application for registration of the trust or institution u/s 12A

  CA. Peeyush Sharma    24 May 2021 at 09:44

Discussing all about the application for registration of a charitable trust or institution U/S 12A in Form 10A or 10AB of the Income Tax, Act 1961.



Government Extends Due Date Compliances under Income Tax and Launches New E-Filing Portal

  P.R. Sethuraman    24 May 2021 at 09:43

Discussing the extended timelines for due date compliances in the Income Tax Act in a tabular format and the launch of the new e-filing portal of the Income Tax department.



Various assessments under the income tax law

  Niyati    23 May 2021 at 17:02

The process of examining the return of income by the Income Tax department is called “Assessment”. Let us discuss various assessments under the Income Tax Act. ..



Importance of Statement u/s 132(4) of the IT Act 1961, Retraction thereof

  CA.Mohit Gupta    22 May 2021 at 13:26

Section 132(4) of the act has been put in place by the legislature consciously so as to enable the authorized officer to collect such evidence by recording statements during the course of the search.



Extension of Time Limits of Various Compliances

  SAGAR MALHOTRA    22 May 2021 at 10:57

In wake of the COVID-19 pandemic and in the interest of taxpayers, CBDT has extended time limits for various compliances. Same has been discussed in this article.




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