Income Tax Articles

Section 68 Income Tax Act 1961: Critical Analysis

Posted by CA. Pushp Kumar Sahu 19 March 2022 11911 Views

Understand Section 68 of the Income Tax Act, 1961. Learn its purpose, applicability, and the onus on assessees regarding cash credits. Avoid hefty penalties.

Advancement of Public Utility: IT Act 1961 Explained

Posted by FCS Deepak Pratap Singh 19 March 2022 2707 Views

Understand 'advancement of any other object of general public utility' under the IT Act 1961. Learn about tax exemptions and commercial activity limits.

Capital Gains Excluded from Book Profit Under Section 115JB

Posted by FCS Deepak Pratap Singh 18 March 2022 8323 Views

Learn how capital gains aren't included in book profit calculations for Section 115JB, based on a Bombay High Court ruling. Understand your tax obligations.

Real Estate Developer Budget for Joint Ventures

Posted by Mohammed Ibrahim 16 March 2022 22862 Views

Learn how to create a real estate developer's budget for joint venture projects. Understand costs, profit, and feasibility for your development.

Residential House: Multiple Units & Tax Exemption

Posted by FCS Deepak Pratap Singh 16 March 2022 3555 Views

Discover if multiple independent units can form 'a residential house' for tax exemption under Section 54/54F. Learn how the courts interpret this.

Section 54 & 54F Tax Exemptions: Key Judgments Explained

Posted by CS Advocate Abhishek Goyal 15 March 2022 10797 Views

Understand Section 54 & 54F capital gains tax exemptions. Explore key judicial decisions on property use, expenses, joint ownership, and HUF investments.

Income Tax Attachment Order & Company Liquidation Under IBC

Posted by FCS Deepak Pratap Singh 14 March 2022 4355 Views

Discover if an income tax attachment order bars asset sales during company liquidation under IBC 2016. Understand creditor rights and priorities.

Income Tax Planning: Benefits & How to Save Tax

Posted by CA Puja Sharma 12 March 2022 6420 Views

Discover the benefits of income tax planning. Learn how to minimise tax liabilities, maximise savings, and utilise deductions with our expert guide.

Unsold Flats Income: Business Income, Not House Property

Posted by FCS Deepak Pratap Singh 10 March 2022 8517 Views

Learn how income from unsold flats is treated as business income for developers, not house property income, based on a key tribunal decision.

Women's Financial Benefits & Tax Advantages in India

Posted by CA Umesh Sharma 07 March 2022 7813 Views

Discover income tax benefits, property rights, and financial schemes like Sukanya Samriddhi and Stand Up India for women in India. Learn about your entitlements.