Income Tax Articles

Five Major Finance Changes effective from 01.07.2020

CA Rahul Mittal 02 July 2020 at 10:32

Know the five major changes in Finance that will be effective from the 1/07/2020

Tax implications of cancellation of shares pursuant to capital reduction

Unnati Sharma 02 July 2020 at 10:32

As per the Act, capital reduction to the extent of accumulated profits is treated as deemed dividend under section 2(22)(d). Consequently, DDT under section 115-O was paid by the company. Accumulated profits for this purpose shall include all profits of the company upto the date of such distribution or payment whether capitalised or not

Amendment to section 44AB in Budget 2020

Unnati Sharma 02 July 2020 at 10:32

Section 44AB of the Income Tax Act provides that every person is required to get his accounts audited if his Section 44AB of the Income Tax Act provides that every person is required to get his accounts audited if his

e-tax payment- Pay your taxes online

Sanchit Aggarwal 01 July 2020 at 15:26

To make e- payments of all kind of direct taxes one can visit the official site of NSDL i.e. https://onlineservices.tin.egov-nsdl.com/etaxnew/tdsnontds.jsp

India Widens Taxation of Cross Border E-Commerce Transactions

Dr. Suresh Surana 29 June 2020 at 13:49

Taxation of cross border e-commerce transactions has been a challenge for the whole world, including India due to location of the supplier,etc

Prohibited use or application of income or property of Charitable trust

Sandeep Rawat 27 June 2020 at 18:50

Prohibited use or application of income or property Of Charitable trust

Furnishing of information regarding remittance to non-resident

FCS Deepak Pratap Singh 27 June 2020 at 10:32

A person making payment to a Non-Resident /Foreign entity is required to furnish an undertaking in Form 15CA in digital mode. In some cases, department requires a Certificate From CA, in Form 15CB to be uploaded with the Form 15CA.

ITR-2 for FY 2019-2020- Key Additions

CA (CS) Ujjwal Jindal 26 June 2020 at 14:26

Recently, the government (CBDT) notified the Income Tax Return Forms (ITR) for the financial year 2019-20 (A/Y 2020-21).Today i.e. on the 26th of June, 2020, th..