Income Tax Articles

Claiming a Delayed Tax Refund: A Guide

Posted by FCS Deepak Pratap Singh 27 December 2021 10163 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 3747 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 Advice: 5 Things You Need to Know

Posted by Neethi V. Kannanth 24 December 2021 12141 Views

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

Tax Laws: PGBP Income - Rewards & Lease Income

Posted by CA Aakarsh Jain 25 December 2021 10604 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.

Extend Income Tax Due Date: Why It's Needed

Posted by CA Aakarsh Jain 24 December 2021 8709 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!

E-Verification Scheme 2021: Your Guide to Tax Information Collection

Posted by Suhasini

22 December 2021 7886 Views

Understand the E-Verification Scheme 2021. Learn how the Income Tax Department collects information from assessees electronically. Get the facts now.

ESOP TDS: When & How to Deduct Tax on Employee Shares

Posted by CA Aakarsh Jain 22 December 2021 7684 Views

Understand TDS liability for ESOPs. Learn when and how eligible startups must deduct tax on employee stock options, easing cash flow burdens.

Repurchase of MF/UTI Units: Income Tax Explained

Posted by CA Aakarsh Jain 22 December 2021 2017 Views

Understand how income from repurchased MF/UTI units is taxed. Learn about Section 80CCB(2) and TDS implications. Get clarity on your tax obligations.

All About Annual Information System (AIS)

Posted by Neethi V. Kannanth 21 December 2021 14906 Views

Income tax department collects information about income received and material transactions carried out by an individual during the financial year through various sources and compiles the information collected in a summary form and presents it in a form of a statement called Annual Information System.

HUF Gifts to Members: Taxable Capital Receipts?

Posted by FCS Deepak Pratap Singh 18 December 2021 14006 Views

Discover if gifts received from a Hindu Undivided Family (HUF) are taxable. Understand the nuances of capital receipts and tax implications for members.