Income Tax Articles

Section 69C & Presumptive Taxation: What You Need to Know

Posted by CA.R.S.KALRA 12 September 2021 8605 Views

Understand how Section 69C of the Income Tax Act applies when opting for presumptive taxation. Learn about unexplained expenditure and its implications.

Air India Capital Asset Transfer: Income Tax Clarifications

Posted by CS Tanveer Singh Saluja 12 September 2021 2112 Views

Understand the income tax implications of Air India's capital asset transfer to Air India Assets Holding Limited. Key updates from the CBDT.

What's Not a Capital Asset? Exclusions Explained

Posted by Ritik Chopra 12 September 2021 27329 Views

Discover what's excluded from the definition of a capital asset for tax purposes. Learn about stock-in-trade, personal effects, and rural agricultural land.

ITR & Audit Report Due Dates Extended to March 2022

Posted by CS Lalit Rajput 13 September 2021 4950 Views

The CBDT has further extended ITR and audit report filing deadlines for AY 2021-22. Find the new dates here and ensure timely submission.

Advance Tax: Your Guide to Instalment Due Dates & Payments

Posted by Varsha Nayyar 13 September 2021 2959 Views

Understand advance tax payments, including due dates, who needs to pay, how to calculate, and penalties for late payment. Ensure timely compliance.

NPS Investment Rules Changed: Age Limits Increased by PFRDA

Posted by FCS Deepak Pratap Singh 12 September 2021 1272 Views

Discover PFRDA's updated NPS investment rules. Learn about new age limits for opening and continuing your National Pension Scheme account.

Section 68 & Presumptive Taxation: Can They Coexist?

Posted by CA.R.S.KALRA 13 September 2021 8723 Views

Discover if Section 68 can be invoked when you opt for presumptive taxation. Understand the crucial role of maintaining books of account.

Section 44ADA: Presumptive Tax for Professionals in India

Posted by FCS Deepak Pratap Singh 12 September 2021 2960 Views

Understand Section 44ADA of the Income Tax Act 1961. Learn about presumptive taxation for eligible professionals in India and how to file your taxes easily.

Section 194M: Individual & HUF TDS Liability Explained

Posted by FCS Deepak Pratap Singh 13 September 2021 2185 Views

Understand your TDS deduction obligations under Section 194M. Learn when individuals & HUFs must deduct tax on payments exceeding Rs. 50 Lakhs. Get the facts!