Income Tax Articles

Section 80U: Tax Exemption for Disabled Persons in India

Posted by Pranab Banerjee 18 January 2022 9501 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.

Missed ITR Deadline? File Your Belated ITR Now!

Posted by CS Lalit Rajput 15 January 2022 11761 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 4485 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.

Section 35AD Tax Deduction: Gas Pipeline Business

Posted by FCS Deepak Pratap Singh 14 January 2022 5648 Views

Understand Section 35AD deductions for specified businesses like gas pipelines. Learn about capital expenditure, set-off, and carry-forward of losses.

Income Tax Return Guide: Filing Made Simple

Posted by Amit Kumar 14 January 2022 4033 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 6570 Views

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

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.