Income Tax Articles


Tax Advice: 5 Things You Need to Know

Posted by Neethi V. Kannanth 24 December 2021 12121 Views

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



Extend Income Tax Due Date: Why It's Needed

Posted by CA Aakarsh Jain 24 December 2021 8686 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 Suhasinipro badge 22 December 2021 7875 Views

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



Repurchase of MF/UTI Units: Income Tax Explained

Posted by CA Aakarsh Jain 22 December 2021 2000 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.



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

Posted by CA Aakarsh Jain 22 December 2021 7672 Views

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



All About Annual Information System (AIS)

Posted by Neethi V. Kannanth 21 December 2021 14877 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 13978 Views

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



Can AO Reject Valuation Report? DCF Method Rules

Posted by FCS Deepak Pratap Singh 18 December 2021 5372 Views

Discover if an Assessing Officer (AO) can reject your valuation report. Learn about the DCF method and your rights during assessment proceedings.



Valuing Company Car Perquisites for Employees

Posted by Ritik Chopra 15 December 2021 24402 Views

Understand how company car perquisites are valued for tax purposes. Learn about official vs. private use and how your employer's contributions are taxed.



Actual Payment Section 43B: Income Tax Act 1961 Explained

Posted by CA, CPA (USA) Shikhar Garg 15 December 2021 13570 Views

Understand the 'actual payment' meaning under Section 43B of the Income Tax Act 1961. Learn which deductions require actual payment and when constructive payment applies.




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