Income Tax Articles

Tax on Self-Generated Goodwill: Proprietorship to Partnership

Posted by FCS Deepak Pratap Singh 19 October 2021 4038 Views

Understand the tax implications of self-generated goodwill when converting a sole proprietorship to a partnership. Learn about capital gains tax and cost of acquisition.

Medical Expenses Abroad: Taxable Perquisite for Directors?

Posted by FCS Deepak Pratap Singh 19 October 2021 4713 Views

Discover if medical expenses incurred abroad for a director are taxable as a perquisite. Understand Section 17(2)(vi) and its implications.

ITR 7 Changes AY 2021-22: Key Updates Explained

Posted by Neethi V. Kannanth 19 October 2021 4126 Views

Discover the key changes in ITR Form 7 for AY 2021-22, including updates to schedules and eligibility criteria. Learn what's new for trusts and institutions.

Can You Claim Sec 44AD and Sec 44AE Together?

Posted by CA.R.S.KALRA 13 October 2021 15072 Views

Discover if you can claim the benefits of Section 44AD and Section 44AE simultaneously. Learn how presumptive taxation applies to multiple businesses.

ITR 6 Changes AY 2021-22: Key Updates for Companies

Posted by Neethi V. Kannanth 13 October 2021 5433 Views

Discover the key changes in ITR 6 for AY 2021-22. Learn about updated thresholds, removed sections, and new reporting requirements for companies. Read now!

Dividend Taxability AY 21-22: What You Need to Know

Posted by Varsha Nayyar 13 October 2021 15049 Views

Understand how dividend income is taxed from AY 21-22. Learn about shareholder liability, TDS, and eligible deductions. Get informed now!

Tax on Converting Self-Occupied Property to HUF

Posted by FCS Deepak Pratap Singh 13 October 2021 2264 Views

Understand the tax implications of converting your self-occupied property into a Joint Family (HUF) asset. Learn about Section 64(2) and the Doctrine of Blending.

Commissioner's Power: Revise CIT(A) Matters? Sec 263/264

Posted by FCS Deepak Pratap Singh 13 October 2021 1419 Views

Understand the Commissioner's powers under Sections 263 & 264 of the Income Tax Act regarding revising matters before the CIT (Appeals). Learn what's possible.