Income Tax Articles

Compilation of Notifications & Circulars issued by CBDT in the month of January 2021

SAGAR MALHOTRA 13 February 2021 at 16:06

Discussing all the Direct Tax Notifications and Circulars issued by the Central Board of Direct Taxes, in the month of January 2021.

Section 194LA | TDS on Payments of Compensation on Acquisition of certain Immovable Property

CA.R.S.KALRA 13 February 2021 at 09:58

Discussing Section 194LA of the Income Tax Act which deals with TDS on Payments of Compensation on Acquisition of certain Immovable Property including its meaning, rate of TDS, and eligibility etc.

Highlights of Union Budget w.r.t Taxation

Kowsalya 12 February 2021 at 12:57

Highlights of Union Budget w.r.t Taxation

ITR Processed but Refund Failed - What to do?

Soumya Laha 12 February 2021 at 12:15

'Your refund has failed, please raise a Refund Reissue Request', if you get this kind of email or sms after receiving ITR Processing Intimation u/s 143(1) then you need to follow just 2 simple steps to get you Income Tax refund.

Section 206AB/206CCA | Higher TDS/TCS Rate

rajat jain 12 February 2021 at 09:51

The new section 206AB and 206CCA are proposed to be inserted in the Income Tax Act, 1961 by the Finance Bill, 2021 which provides for a higher rate of TDS/TCS to be applied if the transactions are done with the non-filers of the Income Tax Return.

Sec 194Q | TDS on Purchase of Goods

rajat jain 11 February 2021 at 14:47

In this communication, we are going to touch base an important change in the Tax Law that is proposed by the Budget and going to impact drastically every business operating in India.

Sec 194P | Relaxation for Senior Citizen for ITR

rajat jain 11 February 2021 at 10:48

Section 194P - Conditional Relaxation for a senior citizen who is the age of 75 years or more from filing return of Income Tax under Union Finance Bill 2021/Budget 2021.

Section 194K | TDS on Income in Respect of Units of Mutual Fund

CA.R.S.KALRA 11 February 2021 at 09:43

Discussing Section 194K of the Income Tax Act, which deals with the TDS on Income in Respect of Units of Mutual Fund, including its meaning, liability to deduct TDS, threshold limit, rate of TDS, and Non-Applicability etc.

Section 194J | TDS on Professional or Technical Fees

CA.R.S.KALRA 09 February 2021 at 09:46

Discussing Section 194J of the Income Tax Act, which deals with the TDS on Professional or Technical Fees, including its meaning, threshold limit, rate of TDS, etc.

Section 194Q

Kowsalya 06 February 2021 at 13:33

Analysis of Section 194Q of the Income Tax Act, which will deal with the TDS on purchase of goods w.e.f 1st July 2021. This section has been inserted in the Finance Bill 2021.