Income Tax Articles


Income Tax Search & Seizure: Incriminating Material & Undisclosed Income

Posted by CA.Mohit Gupta 12 November 2021 1843 Views

Understand Income Tax search and seizure powers. Learn about lawful grounds for authorisation, finding incriminating material, and uncovering undisclosed income.



Depreciation on Acquired Goodwill: Income Tax Act 1961

Posted by FCS Deepak Pratap Singh 12 November 2021 7754 Views

Discover if depreciation on acquired goodwill is allowable under the Income Tax Act 1961. Learn about intangible assets and key Supreme Court rulings.



Section 194Q: TDS on Purchase of Goods Explained

Posted by CA.R.S.KALRA 09 November 2021 41060 Views

Understand Section 194Q: TDS deduction on goods purchase over £50 lakh. Learn buyer/seller obligations, rates, and exemptions. Get compliant now!



New AIS & TIS: Your Annual Financial Info Explained

Posted by CA RAJAT RAWLANI 02 November 2021 16645 Views

Understand the new Annual Information Statement (AIS) & Taxpayer Information Summary (TIS). Access your detailed financial transactions for easier tax filing.



Benefits of Filing Your Income Tax Return on Time

Posted by CA Tejinder Pal Singh 01 November 2021 4196 Views

Discover the advantages of filing your Income Tax Return promptly. Secure loans, get visas, prove income, claim refunds & carry forward losses.



Self Assessment Tax Under Section 140A: Your Guide

Posted by Ritik Chopra 01 November 2021 21463 Views

Understand self-assessment tax under Section 140A of the Income Tax Act. Learn how to calculate and pay your tax liability before filing your return.



Presumptive Tax: Partner Interest & Remuneration Denial

Posted by CA.R.S.KALRA 01 November 2021 6196 Views

Learn why a partner cannot claim presumptive tax benefits (Sec 44AD) on interest and remuneration from their firm, as ruled by the Madras High Court.



Holding Company Grant to Subsidiary: Revenue or Capital?

Posted by FCS Deepak Pratap Singh 01 November 2021 2702 Views

Discover if a grant from a holding company to its subsidiary to cover losses is treated as revenue or capital. Understand the tax implications.



Foreign Exchange Gains: Capital or Revenue?

Posted by FCS Deepak Pratap Singh 01 November 2021 2460 Views

Discover if foreign exchange fluctuations are treated as capital receipts when a business hasn't commenced. Understand the tax implications.



What is Income? Sources & Taxable Income Explained

Posted by Taxblock 01 November 2021 5706 Views

Discover what income is, including monetary and non-monetary values. Learn about different sources of income and their tax implications in the UK.




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