Income Tax Articles

TDS Section 194C | Payment to Contractor

CA Rakesh Negi 03 June 2020 at 10:34

The present article briefly covers the important provisions and recent changes relating to "TDS on Payment to Contractors", which is covered u/s 194C of the Income Tax Act 1961.

ITR 1 AY 20-21 key additions

CA (CS) Ujjwal Jindal 02 June 2020 at 16:00

ITR-1 for AY 2020-21 has now been made available on the e-filing portal. 3 Key additions have been made in ITR-1

Analysis of Income Tax Relief amidst COVID-19

Shrikant Toshniwal 02 June 2020 at 10:28

In the wake of COVID-19, the Finance Minister made various relaxations in Income Tax for the taxpayers. Various extensions were given for statutory compliance.

6 Key Changes in ITR Forms for AY 2020-21

CA (CS) Ujjwal Jindal 31 May 2020 at 20:49

New Income Tax Returns Forms for the F/Y 2019-2020 (A/Y 2020-2021) have been notified by the CBDT on 29th May, 2020. Know the changes made in the ITR Forms.

Important announcement from the Income Tax Department regarding your 26AS form

santosh patil 30 May 2020 at 10:06

IMPORTANT ANNOUNCEMENT REGARDING FORM 26ASWHAT IS FORM 26AS?Form 26AS statement is a summary of all the tax paid, TDS, TCS, Advance tax paid during the financia..

Overview of Form 26AS

Member (Account Deleted) 30 May 2020 at 10:06

Overview of Form 26AS

How to apply for instant PAN card online through Aadhaar

Ritika Agarwal 29 May 2020 at 16:30

The facility for instant allotment of PAN Card through Aadhaar based e-KYC is now available on the Income Tax website.

Instant PAN through Aadhaar based e-KYC - Digital revolution

CS Lalit Rajput 29 May 2020 at 10:08

The instant allotment of PAN through Aadhaar based e-KYC has been launched by the FM. This facility provides PAN in near to real-time basis.

Equalisation levy/Disallowance u/s 40 (a)(ib) of the Income Tax Act

RISHABH GUPTA 29 May 2020 at 10:07

Equalisation Levy was introduced in India in 2016, with the intention of taxing the digital transactions i.e. the income accruing to foreign e-commerce companies from India. It is aimed at taxing business to business transactions.

Corona Relief Fund should be treated as tax credit

CA. Chikkerur C R 29 May 2020 at 10:07

I propose a suggestion to have a Corona Relief Fund and appeal for donation even Rs 1000. I also propose a new kind of tax credit for the next 6 years on this donation.