Income Tax Articles
TDS Rate Chart applicable for FY 2021-22
Discussing the rate of TDS for FY 2021-22 and AY 2022-23. The TDS rate chart has been updated with all the latest amendments as per the Finance Act 2021.
Issues of Re-Assessment Proceedings u/s 148 of Income Tax Act
The validity of notices issued after 31.3.2021 has been challenged as these were issued under the old provisions, even though the provisions of section 148 were substituted by the Finance Act, 2021 w.e.f. 01-04-2021.
Rule 8AC of Income Tax Rules
Rule 8AC deals with the computation of short term capital gains and written down value under section 50 of the Income Tax Act, 1961, where depreciation on Goodwill has been obtained.
Cash Restrictions on Charitable Trusts
A charitable or religious institution has substantial source of receipts in form of donations
Cash transactions in agriculture sector
This article explains the applicability of provisions of Section 40A(3),269ST,269SS,Section 194N and Section 269T in respect of Kachha Arahtia and Pacca Arahtia.
Persons Who Are Compulsorily Required To File ITR in India
This article focuses on the provisions laid down in the Income Tax Act, 1961 with respect to mandatory filing of a Return of Income (conveniently known as ITR) by an Individual.
Section 194C | TDS on Payment to Contractor
Discussing all about Section 194C of the Income Tax Act, which deals with TDS on Payment to Contractor including its meaning, eligibility, TDS Rate, Non-Applicability and Important Case Laws.
How to Calculate the Taxable Income on Salary?
Discussing Section 15 and 17(1) of the Income Tax Act which lays down provisions for calculation of taxable income on salary in the new and old tax regime.
Practical Examples on CBDT Circular on TDS on Purchase of Goods u/s 194Q
Explaining all the significant clarifications/guidelines issued by CBDT regarding the implementation of the provisions of section 194Q w.e.f. 1.7.2021 with practical illustrations.
All You Need to Know About Section 194P of the Income Tax Act, 1961
Section 194P of the Income Tax Act, 1961 is inserted vide Finance Act, 2021. Provisions of section 194P provide conditional relaxation to a specified senior citizen from filing an Income Tax Return.
Popular Articles
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