Income Tax Articles

HUF - A boon for all Hindu households!

CA (CS) Ujjwal Jindal 04 July 2020 at 11:51

The system is an extended family arrangement prevalent throughout the Indian subcontinent, consisting of many generations living in the same home, all bound by the common relationship.

Mutual Funds Sahi Hai - Tax perspective?

Bhavin Shah 04 July 2020 at 11:11

Mutual Funds Sahi Hai - Tax perspective?

Taxation of companies after the taxation laws (amendment) ordinance ,2019

FCS Deepak Pratap Singh 03 July 2020 at 10:30

Taxation of companies after the taxation laws (amendment) ordinance ,2019

Measures to discourage Cash Transactions and to promote Digital Economy by CBDT

CA Santhosh Gupta Kethepalli 02 July 2020 at 10:33

Sections 269SS and 269T which deals with cash payment and repayment of loans and deposits. Both the sections were introduced to curb the black money. Tax evasion is one of the serious problems in India causing economic disparities.

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