Income Tax Articles

Finance Act 2020: Changes to Indian Residential Status

Posted by Neethi V. Kannanth 08 January 2022 7190 Views

Understand the Finance Act 2020 amendments to Indian residential status. Learn about new residency rules, day counts, and deemed residency for tax purposes.

File ITR After Due Date: Belated Returns & Consequences

Posted by Neethi V. Kannanth 06 January 2022 11062 Views

Missed the ITR deadline? Discover how to file a belated return after the due date and understand the consequences, including late fees and interest.

Double Taxation Relief: DTAA vs Income Tax Act

Posted by FCS Deepak Pratap Singh 06 January 2022 2036 Views

Understand your tax liability as a non-resident. Learn how Double Taxation Avoidance Agreements (DTAA) can offer relief and prevail over the Income Tax Act.

Property Transfer Below Stamp Duty Value: Tax Implications

Posted by FCS Deepak Pratap Singh 05 January 2022 42636 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.

Forming a Registered Gratuity Trust: Step-by-Step

Posted by Rajesh Kumar 05 January 2022 8985 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.

CIT Powers Under Section 264: Revision Orders Explained

Posted by CA, CPA (USA) Shikhar Garg 05 January 2022 8896 Views

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

Faceless Appeal Scheme 2021: Key Changes Explained

Posted by Aman Gupta 04 January 2022 6270 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 18007 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 2869 Views

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