Income Tax Articles

ITR & Audit Due Dates Extended by CBDT

Posted by CS Lalit Rajput 12 January 2022 12780 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.

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

Posted by CA.Mohit Gupta 09 January 2022 4851 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.

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

Posted by CA, CPA (USA) Shikhar Garg 13 January 2022 8002 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.

Finance Act 2020: Changes to Indian Residential Status

Posted by Neethi V. Kannanth 08 January 2022 7208 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 11086 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 2057 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 42684 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.