Income Tax Articles

Reopening Assessments: Can a Change of Opinion Justify It?

Posted by FCS Deepak Pratap Singh 05 December 2021 7976 Views

Discover if an Assessing Officer can reopen tax assessments solely based on a change of opinion. Learn about legal precedents and conditions for reassessment.

TDS/TCS Guidelines: Sections 194-O, 194Q & 206C

Posted by Shree 03 December 2021 15184 Views

Understand TDS/TCS rules under Sections 194-O, 194Q & 206C. Learn about e-commerce operators, sellers, and buyers' obligations with CBDT guidelines.

Section 115BAC: New Optional Income Tax System Explained

Posted by CA Alexandar Gazi 02 December 2021 17319 Views

Understand Section 115BAC, the optional new income tax system for individuals and HUFs in India. Learn about tax rates, deductions, and how to opt-in.

December 2021 Tax Compliance Calendar: Deadlines & Forms

Posted by CA. Mohit Kumar 02 December 2021 6421 Views

Stay compliant this December 2021! Find key tax deadlines for Income Tax, GST, PF, ESI, and Companies Act. Avoid penalties by meeting these crucial dates.

Short Term Capital Loss: Rules & Set Off Explained

Posted by Taxblock 30 November 2021 4958 Views

Understand short term capital loss rules. Learn how to set off and carry forward losses on asset sales for up to 8 assessment years.

Tax Relief Calculator FY 2021-22: Section 89(1)

Posted by Pranab Banerjee 30 November 2021 25560 Views

Calculate tax arrears relief under Section 89(1) with Form 10E for FY 2021-22. Discover salary components to reduce your tax burden.

Profit on Personal Car Sale: Taxable or Not?

Posted by FCS Deepak Pratap Singh 29 November 2021 8527 Views

Wondering if profit from selling a personal car is taxable in the UK? Discover the tax implications under the Income Tax Act, 1961.

Annual Information Statement (AIS) Explained: FAQs

Posted by Jatin Pal 29 November 2021 10577 Views

Confused about the Annual Information Statement (AIS)? Get answers to your questions on its format, content, and how to report discrepancies. Learn more!

Income Tax Search: Incriminating Material Under Section 153A

Posted by CA.Mohit Gupta 28 November 2021 2120 Views

Understand the assessment of incriminating material found during Income Tax searches under Section 153A. Learn about the conditions and procedures involved.