Income Tax Articles

Section 269SU | Acceptance of Payment through Prescribed Electronic Modes

Dhiraj Kumar Choudhury 22 August 2020 at 13:48

Section 269SU provides that every person, carrying on business, shall, provide a facility for accepting payment through the prescribed electronic modes if any, being provided by such person, if his total sales, turnover or gross receipts in business exceeds Rs.50 Crores

Taxability of various compensations under Income Tax Act

CA Mehul Thakker 22 August 2020 at 10:05

Only those capital receipts would be taxable under the Income Tax Act,1961 which are expressly provided under the definition of term "income" under section 2(24) of the Act.

Section 80EEB| Deduction in respect of interest payable on Loan taken for Purchase of Electric Vehicle

CA Santhosh Gupta Kethepalli 19 August 2020 at 10:00

An individual who has taken a loan for the purchase of an Electrical Vehicle from any Financial Institution is eligible to get the benefit of deduction of interest payable on loan under section 80EEB

Tax Implications of Trading in Securities

CA Santhosh Gupta Kethepalli 17 August 2020 at 10:10

With the rise in online trading avenues as well as investor awareness, a larger number of people are now channeling their investments into the financial markets.

Key Changes in Income Tax Policies

CA Shubhi Khandelwal 17 August 2020 at 10:06

Know what are new disclosures that will reflect in your Income Tax Return(ITR) Form with the implementation of faceless assessment

Concept of Inseparable Letting under Income Tax Act, 1961

CA Mehul Thakker 15 August 2020 at 15:19

Concept of Inseparable Letting under Income Tax Act, 1961

Taxpayers Charter, Faceless Appeal, and Faceless Assessment- An Overview

CA Rahul Mittal 14 August 2020 at 10:02

PM Narendra Modi launches a platform for Transparent Taxation to Honor the Honest

Search and Seizure under Income Tax

CA.Mohit Gupta 13 August 2020 at 09:47

Whether an Income Tax survey proceedings u/s 133A of the Income Tax Act’1961 can be converted into an Income Tax Search and Seizure action u/s 132 of the Income Tax Act ‘1961

Compilation of Notifications & Circulars issued by CBDT in the month of July 2020

SAGAR MALHOTRA 12 August 2020 at 12:35

An analysis of the latest notifications and circulars issued by CBDT in the month of July.

FAQs on Reporting Portal

Manzil Arora 12 August 2020 at 12:33

The Reporting Portal is an online platform provided by the Income Tax Department to reporting entities for the purpose of registering themselves with the department (ITD) and thus allowing them to submit the required statements to be submitted on the portal