Income Tax Articles

ESOP TDS: When & How to Deduct Tax on Employee Shares

Posted by CA Aakarsh Jain 22 December 2021 7683 Views

Understand TDS liability for ESOPs. Learn when and how eligible startups must deduct tax on employee stock options, easing cash flow burdens.

Repurchase of MF/UTI Units: Income Tax Explained

Posted by CA Aakarsh Jain 22 December 2021 2017 Views

Understand how income from repurchased MF/UTI units is taxed. Learn about Section 80CCB(2) and TDS implications. Get clarity on your tax obligations.

All About Annual Information System (AIS)

Posted by Neethi V. Kannanth 21 December 2021 14901 Views

Income tax department collects information about income received and material transactions carried out by an individual during the financial year through various sources and compiles the information collected in a summary form and presents it in a form of a statement called Annual Information System.

HUF Gifts to Members: Taxable Capital Receipts?

Posted by FCS Deepak Pratap Singh 18 December 2021 14006 Views

Discover if gifts received from a Hindu Undivided Family (HUF) are taxable. Understand the nuances of capital receipts and tax implications for members.

Can AO Reject Valuation Report? DCF Method Rules

Posted by FCS Deepak Pratap Singh 18 December 2021 5388 Views

Discover if an Assessing Officer (AO) can reject your valuation report. Learn about the DCF method and your rights during assessment proceedings.

Actual Payment Section 43B: Income Tax Act 1961 Explained

Posted by CA, CPA (USA) Shikhar Garg 15 December 2021 13589 Views

Understand the 'actual payment' meaning under Section 43B of the Income Tax Act 1961. Learn which deductions require actual payment and when constructive payment applies.

Income Tax Search & Seizure: Can Third Parties Be Involved?

Posted by CA.Mohit Gupta 10 December 2021 4797 Views

Explore the legality of involving unconnected third parties in income tax search and seizure actions. Understand your rights and the limits of tax authority powers.

Section 151: Safeguard for Income Tax Notice Approval

Posted by CA, CPA (USA) Shikhar Garg 10 December 2021 13944 Views

Understand Section 151 of the Income Tax Act 1961. Learn about the crucial safeguard requiring higher authority approval before issuing reassessment notices.

Income Tax Appeals: Monetary Limits & Consequences

Posted by FCS Deepak Pratap Singh 09 December 2021 3996 Views

Understand the consequences of not filing income tax appeals when the tax effect is below prescribed monetary limits. Learn about CBDT instructions and judicial interpretations.