Income Tax Articles

Search Assessment Limitation Period Controversy Explained

Posted by CA.Mohit Gupta 30 December 2021 2868 Views

Understand the controversy surrounding the limitation period for search assessments under Section 153A/153B of the Income Tax Act. Get clarity on deadlines.

TDS on Goods Purchase: Understanding Section 194Q

Posted by CA Robin Garg 30 December 2021 13760 Views

Learn about Section 194Q: TDS on goods purchase for buyers with turnover over £10 Cr. Deduct 0.1% on purchases exceeding £50 Lakhs. Get details here!

Section 194Q Guidelines: CBDT Clarifies TDS on Goods Purchases

Posted by CS Tanveer Singh Saluja 29 December 2021 4495 Views

Understand the latest CBDT guidelines for Section 194Q of the Income Tax Act. Learn about TDS on goods purchases, GST, and cross-application with other sections.

Claiming a Delayed Tax Refund: A Guide

Posted by FCS Deepak Pratap Singh 27 December 2021 10132 Views

Discover how to file a delayed tax refund claim. Learn about time limits, condonation powers, and the procedure for claiming excess tax paid.

Director Liability for Private Company Tax Debt

Posted by FCS Deepak Pratap Singh 27 December 2021 3723 Views

Understand director liability for private company tax debts under Section 179 of the Income Tax Act, 1961. Learn when directors are personally liable.

Tax Laws: PGBP Income - Rewards & Lease Income

Posted by CA Aakarsh Jain 25 December 2021 10572 Views

Understand two key tax laws affecting PGBP income: if 'good work rewards' are bonus or business expense, and if lease income is business or other income.

Tax Advice: 5 Things You Need to Know

Posted by Neethi V. Kannanth 24 December 2021 12117 Views

Discover 5 crucial tax tips often overlooked. Learn about reporting interest, clubbing income, filing requirements, previous job income, and disclosing tax-free earnings.

Extend Income Tax Due Date: Why It's Needed

Posted by CA Aakarsh Jain 24 December 2021 8686 Views

Discover the key reasons why extending the income tax due date is essential, including portal issues and challenges with filing for deceased individuals. Learn more!