Income Tax Articles

Section 79A: No Loss Set-Off on Undisclosed Income

Posted by CA.Mohit Gupta 21 March 2022 10712 Views

Learn about the Finance Bill 2022's Section 79A, preventing loss set-offs against undisclosed income found during searches and surveys. Understand its impact.

UK Tax Residency Rules for Individuals Explained

Posted by CA Kunal Arora 20 March 2022 3127 Views

Understand UK individual tax residency rules. Learn about basic and additional conditions, and how amendments affect income taxability for residents and non-residents.

Section 14A & Rule 8D: Tax Exempt Income Expenditure

Posted by Neethi V. Kannanth 19 March 2022 13162 Views

Understand Section 14A and Rule 8D of the Income Tax Act. Learn how to determine disallowed expenditure on income not forming part of your total income.

Section 68 Income Tax Act 1961: Critical Analysis

Posted by CA. Pushp Kumar Sahu 19 March 2022 11888 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 2686 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 8290 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.

Cryptocurrency Tax in India: Income & Capital Gains

Posted by Taxblock 17 March 2022 3320 Views

Understand cryptocurrency tax in India. Learn how profits are taxed as business income or capital gains and disclosure requirements for investors.

Section 44AB Audit: Turnover Limits & Requirements

Posted by CA.R.S.KALRA 16 March 2022 11862 Views

Understand Section 44AB tax audit requirements. Discover updated turnover limits, cash transaction rules, and when an audit is mandatory for businesses and professionals.

New Income Tax Portal: Faster Filing & Refunds

Posted by Taxblock 16 March 2022 6474 Views

Discover the new Income Tax Portal launched June 7, 2021. Features include fast ITR processing, free preparation software, call centre support, and multiple payment options.