Income Tax Articles

Gifts From Clients: Are They Taxable Income?

Posted by Hardik Lashkari 03 August 2021 2777 Views

Received a gift from a client for good work? Learn if you need to pay income tax on gifts received from clients and understand your tax obligations.

Re-register Trust/Institution under Section 12AB

Posted by Kush Shah 04 August 2021 12449 Views

Learn about re-registration under Section 12AB for trusts and institutions. Find out deadlines, required forms (10A/10AB), and necessary documents.

Filing Income Tax for a Deceased Person: Legal Rep Guide

Posted by CA Satish Badve 27 July 2021 7282 Views

Learn how a legal representative can file an income tax return for a deceased person. Discover challenges and suggested solutions for TDS and compliance.

Interest on Late ITR Filing: Sections 234A, 234B, 234C

Posted by MOHAN ARYA 27 July 2021 3414 Views

Understand interest charges under Income Tax Sections 234A, 234B, and 234C for late ITR filing, delayed advance tax, and deferment. Learn your obligations.

New Income Tax Portal Issues & Resolutions

Posted by CA Umesh Sharma 04 August 2021 8735 Views

Discover the problems with the new Income Tax e-filing portal and the progress made in resolving them. Learn about the impact on taxpayers.

Tax on Firm Asset Transfer to Partners: 2021 Changes

Posted by CA Sufiyan Ganodwala 28 July 2021 3787 Views

Understand the tax implications of transferring firm assets to partners upon reconstitution or dissolution. Learn about Finance Act 2021 changes.

Which ITR to File for FY 2020-21? Your Guide

Posted by Neethi V. Kannanth 28 July 2021 10109 Views

Confused about which Income Tax Return (ITR) form to file? Discover the correct ITR form for FY 2020-21 based on your income sources and category.

Taxability of Share Premium: Section 56(2)(viib) Explained

Posted by Gursimaran Singh Rakhroy 28 July 2021 3013 Views

Understand Section 56(2)(viib) on share premium taxability for closely held companies. Learn applicability, FMV determination, and exemptions for startups.