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Income Tax Articles


International Taxation: Taxation of Non-residents Shipping Business- Section 172 of the Act

Posted by CA Mehul Thakker 09 January 2021 10302 Views

In this article, we discuss about another code under the Income Tax Act, that governs the taxation of non-residents' shipping business which has an overriding effect over all the provisions of Income Tax Act including section 44B.



Section 194A | TDS on Interest (Other Than Interest on Securities)

Posted by CA.R.S.KALRA 09 January 2021 11291 Views

In this article, we discuss all about Section 194A of the Income Tax Act 1961, which deals with the TDS on Interest (Other Than Interest on Securities), including its threshold limit, rate of TDS and recent amendments.



Seizure of undisclosed jewellery and its assessment thereupon- Legal Treatise

Posted by CA.Mohit Gupta 08 January 2021 2036 Views

CBDT has clarified that no seizure should be made by the Search Party of the Jewellery and Ornaments found during the course of search proceedings under Section 132 of the IT Act,1961, where the same have been duly declared in the Wealth-tax returns.



Section 194 | TDS on Payment of Dividend

Posted by CA.R.S.KALRA 08 January 2021 13902 Views

In this article, we discuss all about Section 194 of the Income Tax Act 1961, which deals with TDS on Payment of Dividend, including its threshold limit, rate of TDS and a tabular summary of the entire section.



Section 193 | TDS from Interest on Securities

Posted by CA.R.S.KALRA 06 January 2021 3755 Views

In this article, we understand in details about the TDS Section 193 of the Income Tax Act, 1961 which deals with the TDS from Interest on Securities.



Charitable Trusts and NGO - Income Tax Audit and Benefits Available

Posted by Neethi V. Kannanth 06 January 2021 13360 Views

In this article, we understand the criteria for Tax Audit and benefits available in the case of Charitable Trusts and NGO, including their taxable income, exempt income, investment of accumulated income etc.



Section 194N: TDS on Cash Withdrawal

Posted by Finwealthcare 05 January 2021 16219 Views

Union budget 2019 had introduced a new section 194N - TDS on cash withdrawal. After that certain amendments have come under section 194N in Budget 2020. In this article, we discuss the same.



Section 192A | TDS on Payment of Accumulated Balance Due to an Employee

Posted by CA.R.S.KALRA 05 January 2021 3147 Views

In this article, we understand all about TDS on Payment of Accumulated Balance Due to an Employee u/s 192A including the amount of deduction, threshold limit, rate of TDS, etc.



Weekly Finance and Tax News Bulletin by CAclubindia - 26th Dec 2020 to 2nd Jan 2021

Posted by CCI Team 02 January 2021 9296 Views

In this article, we will discuss the major updates from the Finance and Tax Industry between 26th December 2020 and 2nd January 2021.



An Interplay - Income Tax Search and Seizure and Income Tax Settlement Commission

Posted by CA.Mohit Gupta 30 December 2020 6496 Views

Chapter XIX-A of the Act pertains to the settlement of cases. Under sub-section (1) of section 245C of the Act, an assessee at any stage of a case relating to him can make an application for settlement in the prescribed manner.




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