Income Tax Articles

Section 35AD Tax Deduction: Gas Pipeline Business

Posted by FCS Deepak Pratap Singh 14 January 2022 5616 Views

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

Rectification of Income Tax Orders u/s 154: A Guide

Posted by CA, CPA (USA) Shikhar Garg 13 January 2022 7967 Views

Understand the scope of Section 154 of the Income Tax Act for rectifying mistakes apparent from records. Learn what qualifies for rectification and its limitations.

Revalidate 12A & 80G Registration: UK Charities

Posted by Neethi V. Kannanth 13 January 2022 13015 Views

Charitable institutions in India must revalidate 12A & 80G registrations. Learn the process, required documents, and deadlines to maintain tax exemptions.

ITR & Audit Due Dates Extended by CBDT

Posted by CS Lalit Rajput 12 January 2022 12759 Views

The CBDT has further extended due dates for Income Tax Returns (ITR) and audit reports for AY 2021-22. Find the new deadlines here.

Sovereign Gold Bonds: Taxation Explained

Posted by CA Nitesh Buddhadev 10 January 2022 1657 Views

Understand Sovereign Gold Bond taxation. Learn about interest income tax, capital gains tax on premature withdrawal, and tax exemption on maturity.

Income Tax Search & Seizure: Assessee's Right to Cross-Examine

Posted by CA.Mohit Gupta 09 January 2022 4800 Views

Understand your right to cross-examine witnesses in income tax search and seizure cases. Learn how this ensures fairness and due process in tax proceedings.

Finance Act 2020: Changes to Indian Residential Status

Posted by Neethi V. Kannanth 08 January 2022 7190 Views

Understand the Finance Act 2020 amendments to Indian residential status. Learn about new residency rules, day counts, and deemed residency for tax purposes.

File ITR After Due Date: Belated Returns & Consequences

Posted by Neethi V. Kannanth 06 January 2022 11065 Views

Missed the ITR deadline? Discover how to file a belated return after the due date and understand the consequences, including late fees and interest.

Double Taxation Relief: DTAA vs Income Tax Act

Posted by FCS Deepak Pratap Singh 06 January 2022 2037 Views

Understand your tax liability as a non-resident. Learn how Double Taxation Avoidance Agreements (DTAA) can offer relief and prevail over the Income Tax Act.

Property Transfer Below Stamp Duty Value: Tax Implications

Posted by FCS Deepak Pratap Singh 05 January 2022 42637 Views

Understand tax implications when transferring property for less than its stamp duty value. Learn about Sections 43CA, 50C & 56(2)(x) of the Income Tax Act.