Income Tax Articles

Basics of international taxation

Posted by Venkat Raj 23 July 2022 5741 Views

As businesses are no longer confined to local territories and willing to expand overseas and overseas investors also want to invest in India the scope of international taxation has enormously expanded. International taxation has seen huge changes in a decade of time.

Benefits of National Pension Scheme (NPS)

Posted by Taxblock 19 July 2022 7197 Views

The National Pension Scheme is a national social security initiative launched by the Central Government with a motive to encourage many salaried employees to invest a small amount of money in their pension account during their course of employment. After retirement, the subscribers can take out a certain percentage of money as a monthly pension.

Buy an Electric Vehicle and Claim Exemption under Income Tax Act

Posted by Poojitha Raam Vinay

19 July 2022 9230 Views

A new section 80EEB was inserted from AY 2020-21 to claim an exemption on the interest portion of the loan taken to purchase an electric vehicle.

What is income?

Posted by Taxblock 14 July 2022 4773 Views

Income is the money an individual receives in compensation for their work, services, or investments. For businesses, Income means revenue that a business generates by selling its goods and services. Revenue is the money earned by a company from selling goods or services throughout its operations.

How to Import Masters and Vouchers to Tally?

Posted by Neethi V. Kannanth 14 July 2022 14746 Views

To import masters into XYZ Company, you need to ensure that both the options Maintain stock categories and Maintain batch-wise details are enabled in XYZ Company before importing.

Errors in AIS on IT Portal? How to Handle it?

Posted by Poojitha Raam Vinay

12 July 2022 14861 Views

One of the important documents for verification while Tax filing is the Summary statement of AIS. The Annual Information Statement (AIS), launched last year, is a comprehensive statement containing details of 46 of the financial transactions like Income, Investment, Expenditure happened in a particular Financial Year.

Illustrative Clause 44 Of Form 3CD for FY 2021-22

Posted by CA Sudhir Halakhandi 12 July 2022 33650 Views

The Clause 44 of the Form 3CD is effective for Assessment Year 2022-23 i.e. for the Financial Year 2021-22 because the compliance of this clause was kept in abeyance till 31/03/2022 but for all the reports submitted after that date the clause is mandatory.