Income Tax Articles

New ITR Forms: 6 Major Changes for AY 2022-23

Posted by Vaibhav Singh 30 May 2022 34084 Views

Discover the 6 key changes in the new ITR Forms for AY 2022-23. Learn about new disclosure requirements for pension, EPF interest, property, and more.

PAN vs TAN: Understanding Your Tax Numbers

Posted by CA Sachin M Jain 30 May 2022 5363 Views

Confused about PAN and TAN? Learn what these essential Indian tax identification numbers are, their uses, and key differences. Get clarity now!

Mandatory ITR Filing: 11 Situations Explained

Posted by FCS Deepak Pratap Singh 28 May 2022 13210 Views

Discover the 11 situations where filing an Income Tax Return (ITR) is mandatory in India, even if tax wasn't deducted. Learn your obligations.

Taxation of Carbon Credits: Section 115BBG Explained

Posted by Neethi V. Kannanth 27 May 2022 24298 Views

Understand the taxation of carbon credits under Section 115BBG. Learn about rates, deductions, and how to navigate this tax provision.

Higher TDS/TCS Rates: Sections 206AB & 206CCA Explained

Posted by Neethi V. Kannanth 26 May 2022 18942 Views

Understand higher TDS & TCS rates under Sections 206AB & 206CCA. Learn who is a 'Specified Person' and how to check compliance. Avoid penalties.

Deemed Dividends: Key Cases & Tax Implications

Posted by FCS Deepak Pratap Singh 25 May 2022 5148 Views

Explore significant cases on deemed dividends, including bonus shares, share application money interest, and loan advances. Understand tax implications under Section 56(2)(x) and 2(22).

Professional Tax Explained: Rates, Applicability & Payment

Posted by Neethi V. Kannanth 24 May 2022 25670 Views

Understand Professional Tax in India. Learn who it applies to, how rates vary by state, and how self-employed and salaried individuals pay it.

Section 115BAB: Low Tax for New Manufacturers

Posted by Vaibhav Singh 22 May 2022 22773 Views

Discover Section 115BAB! New manufacturing companies can benefit from a low 15% tax rate. Learn eligibility and how to opt-in.

Income Tax Time Travel: Avengers Endgame Analogy

Posted by Mayank Mohanka 19 May 2022 20885 Views

Discover how CBDT Instruction No. 1/2022 uses a fictional 'time travel' concept, similar to Avengers Endgame, to interpret reassessment notices under the Income Tax Act.