Income Tax Articles

Section 80U: Tax Exemption for Disabled Persons in India

18 January 2022 9449 Views

Claim tax benefits under Section 80U for disability. Learn eligibility, exemption amounts (Rs. 75,000 to Rs. 1,25,000), and required medical certificates.

Section 54F IT Act: Exemption Facts & Case Law

Posted by FCS Deepak Pratap Singh 17 January 2022 7652 Views

Understand Section 54F of the IT Act, 1961. Learn about capital gains exemption for residential property with this case law analysis. Get the facts!

Missed ITR Deadline? File Your Belated ITR Now!

Posted by CS Lalit Rajput 15 January 2022 11737 Views

Haven't filed your Income Tax Return (ITR) by the deadline? Discover how to file a Belated ITR, penalties, and crucial deadlines to avoid further issues.

HUF & Section 23(2) Benefits: Gujarat High Court Ruling

Posted by FCS Deepak Pratap Singh 15 January 2022 4469 Views

Discover if Hindu Undivided Families (HUFs) can claim benefits under Section 23(2) of the Income Tax Act. Learn about the Gujarat High Court's decision.

Income Tax Return Guide: Filing Made Simple

Posted by Amit Kumar 14 January 2022 4020 Views

Understand Income Tax, TDS, and how to file your Income Tax Return online in India. Learn the essential steps for a smooth filing process.

India Tax-Free? Exploring the Consequences

Posted by Aarti Maurya 14 January 2022 6554 Views

Imagine India without income tax. Discover the potential economic impacts, from increased spending to rising indirect taxes. Is it feasible?

Section 35AD Tax Deduction: Gas Pipeline Business

Posted by FCS Deepak Pratap Singh 14 January 2022 5619 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 7968 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.