Income Tax Articles

Filing Return: Admission of Valid Notice?

Posted by FCS Deepak Pratap Singh 25 January 2022 1543 Views

Discover if filing an income tax return constitutes an admission that a notice is valid. Learn about non-resident exemptions and reassessment notices.

Investing Abroad: Indian Residents & Black Money Act

Posted by FCS Deepak Pratap Singh 20 January 2022 4580 Views

Understand rules for Indian residents investing in property outside India. Learn about FEMA regulations and the Black Money Act, 2015.

Voluntary Income Surrender & Penalties: What You Need to Know

Posted by FCS Deepak Pratap Singh 19 January 2022 3666 Views

Discover if surrendering income voluntarily protects you from penalties. Learn about the Supreme Court's ruling and your tax obligations.

Section 54F IT Act: Exemption Facts & Case Law

Posted by FCS Deepak Pratap Singh 17 January 2022 7659 Views

Understand Section 54F of the IT Act, 1961. Learn about capital gains exemption for residential property with this case law analysis. Get the facts!

Section 80U: Tax Exemption for Disabled Persons in India

Posted by Pranab Banerjee 18 January 2022 9488 Views

Claim tax benefits under Section 80U for disability. Learn eligibility, exemption amounts (Rs. 75,000 to Rs. 1,25,000), and required medical certificates.

Missed ITR Deadline? File Your Belated ITR Now!

Posted by CS Lalit Rajput 15 January 2022 11754 Views

Haven't filed your Income Tax Return (ITR) by the deadline? Discover how to file a Belated ITR, penalties, and crucial deadlines to avoid further issues.

HUF & Section 23(2) Benefits: Gujarat High Court Ruling

Posted by FCS Deepak Pratap Singh 15 January 2022 4483 Views

Discover if Hindu Undivided Families (HUFs) can claim benefits under Section 23(2) of the Income Tax Act. Learn about the Gujarat High Court's decision.

Section 35AD Tax Deduction: Gas Pipeline Business

Posted by FCS Deepak Pratap Singh 14 January 2022 5643 Views

Understand Section 35AD deductions for specified businesses like gas pipelines. Learn about capital expenditure, set-off, and carry-forward of losses.