Income Tax Articles

Upfront Interest on Debentures: Deductible in Year of Payment?

Posted by FCS Deepak Pratap Singh 19 October 2021 1744 Views

Can you deduct upfront interest paid on debentures in the year of payment? Learn about Section 36(1)(iii) and tax implications for your business.

Tax on Self-Generated Goodwill: Proprietorship to Partnership

Posted by FCS Deepak Pratap Singh 19 October 2021 4025 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.

Deemed Income Tax Explained: Sections 68-69D

Posted by Ritik Chopra 18 October 2021 14863 Views

Understand deemed income under Income Tax Act sections 68-69D, including cash credits, unexplained investments, money, expenditure & Hundi payments. Learn tax implications.

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

Posted by CA.R.S.KALRA 13 October 2021 15041 Views

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

Section 44AD: Presumptive Taxation for Small Businesses

Posted by CA.R.S.KALRA 13 October 2021 8970 Views

Understand Section 44AD of the Income Tax Act for presumptive taxation. Learn about eligible businesses, turnover limits, and tax implications for small businesses.

ITR 1 & ITR 2 Changes AY 2021-22: Key Updates Explained

Posted by Neethi V. Kannanth 13 October 2021 8034 Views

Discover key changes to ITR 1 Sahaj and ITR 2 forms for AY 2021-22. Learn eligibility, new tax regime options, and important filing updates. Read now!

Check Form 26AS Before Filing Income Tax Return

Posted by CA. Pushp Kumar Sahu 13 October 2021 5592 Views

Ensure accurate ITR filing by checking Form 26AS for TDS, TCS, tax paid, and high-value transactions. Avoid future discrepancies and notices.

ITR 3 Changes AY 2021-22: Key Updates Explained

Posted by Neethi V. Kannanth 13 October 2021 9374 Views

Discover key changes in ITR 3 for AY 2021-22. Learn about new tax regimes, deduction limits, and updated schedules. File your return accurately.

Section 43CA vs 44AD: Understanding the Interplay

Posted by CA.R.S.KALRA 13 October 2021 10234 Views

Explore the complex relationship between Section 43CA and Section 44AD of the Income Tax Act. Understand how they affect property transactions and presumptive taxation.