Income Tax Articles

Property Transfer Below Stamp Duty Value: Tax Implications

Posted by FCS Deepak Pratap Singh 05 January 2022 42682 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.

CIT Powers Under Section 264: Revision Orders Explained

Posted by CA, CPA (USA) Shikhar Garg 05 January 2022 8927 Views

Understand CIT's powers under Section 264 of the IT Act 1961. Learn about revision orders, their scope, and limitations for assessees.

Forming a Registered Gratuity Trust: Step-by-Step

Posted by Rajesh Kumar 05 January 2022 9051 Views

Discover the process of forming a registered gratuity trust in the UK. Learn the steps to ensure compliance and tax benefits for your business.

Faceless Appeal Scheme 2021: Key Changes Explained

Posted by Aman Gupta 04 January 2022 6279 Views

Discover the key changes in the Faceless Appeal Scheme 2021, replacing the 2020 version. Learn about personal hearings and automated allocation.

January 2022 Tax Compliance Deadlines: Income Tax & GST

Posted by CS Lalit Rajput 31 December 2021 18013 Views

Stay compliant! Discover key Income Tax and GST deadlines for January 2022. Don't miss crucial filing and deposit dates. Read now!

Search Assessment Limitation Period Controversy Explained

Posted by CA.Mohit Gupta 30 December 2021 2912 Views

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

Claiming a Delayed Tax Refund: A Guide

Posted by FCS Deepak Pratap Singh 27 December 2021 10166 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 3750 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 12142 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 10605 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.