Income Tax Articles
Section 10AA: Provisions Related To Newly Established Units In Special Economic Zones
Section 10AA provides a deduction from total income of such profits and gains derived by an assessee being an entrepreneur from the export of articles or things or services for certain consecutive assessment years.
Major Amendment in Registration Procedure u/s 12A & 80G
Section 12A of the Income Tax Act, 1961 is the stepping stone for every charitable organization. It enables non-profit entities such as Charitable Trusts, Non-Profit Organization, Welfare Societies, Religious Institutions, etc. to claim full tax exemption as per Section 11 and 12 of the Income Tax Act, 1961.
What is e-filing of return?
The process of electronically filing Income tax returns through the internet is known as e-Filing or electronic filing of return. This means you no longer need to visit the nearest Income Tax Department's office to file your returns physically.
Withholding Tax Rates as per DTAA
This write up provides all such rates as prescribed under various Double Taxation Avoidance Agreements entered into between Indian and various foreign countries.
Deduction under section 54EC on Capital Gain
The tax deduction is available under section 54EC of the Income Tax Act. 54EC does not allow any tax exemption on short-term capital gain tax.
Taxability of Listing gains in IPO
IPOs are an opportunity for picking up great stocks for long term investment. But one of the major reasons for investing in IPOs by retail investors is listing ...
Tax Planning has to start early
Start your tax planning now rather than asking your CAs or consultants later.
Whether Interest On Compensation Awarded By MACT (Motor Tribunal) Considered As Income
Whether Compensation awarded by Motor Accident Claims Tribunal - Interest on compensation awarded up to date of order of Tribunal or Court is taxable
Explained: All you need to know about AIS & TIS
The Income Tax Department has rolled out the new AIS & TIS, tax payers can now access the same at e-filing portal.
Introduction of Alternate Taxation Scheme for Individuals and HUF w.e.f AY 2021-22
The new tax regime has reduced tax slabs for individual and HUF taxpayers with a condition to forgo certain tax deductions or exemptions. Let us discuss the new regime in this article.
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