Income Tax Articles

All about PPF Account

Priyanka Sah 19 May 2020 at 09:29

The Public Provident Fund is a savings-cum-tax-saving instrument in India, introduced by the National Savings Institute of the Ministry of Finance in 1968. The aim of the scheme is to mobilize small savings by offering an investment with reasonable returns combined with income tax benefits backed by the Centra

Formation of Gratuity Trust

CA, CS & DISA VIVEK KHANDELWAL 18 May 2020 at 10:41

Gratuity fund which has been and continues to be approved by the Principal Chief Commissioner or Chief Commissioner or Principal Commissioner or Commissioner in accordance with the rules contained in Part C of the Fourth Schedule.

Section 206C(1H) New Provisions of TCS on Sale of Goods

CA Harshawardhan Nigade 18 May 2020 at 10:41

As per Section 206C(1H), such section applies to Seller of whose total sales, gross receipts or turnover from the business carried on by him exceed ten crore rupees during the financial year immediately preceding the financial year in which the sale of goods is carried out.

Permissible mode in which charitable trust / institution can deposit its receipt

Sandeep Rawat 18 May 2020 at 10:40

Permissible mode in which charitable trust / institution can deposit its receipt

Section 80 JJAA- Tax incentive for employment generation

Dhiraj Kumar Choudhury 18 May 2020 at 10:40

Tax Incentive for Employment Generation - Section 80JJAA of the Income Tax Act,1961

Tax implications on Non Resident in India

CA Mohit Kumar 18 May 2020 at 10:40

Non-Resident Taxation- Analysis and Impact

Revised TDS and TCS Rates wef 14/05/2020

Priyanka Sah 15 May 2020 at 10:29

The new TDS and TCS rates have been reduced by 25% for the period 14/052020 to 31/03/2021. The reduction in TDS is for non-salaried specified payments made to residents.

All about Aatma Nirbhar Bharat Abhiyan

ONAM AGGARWAL MOHIT MITTAL 15 May 2020 at 10:28

But be it Lockdown 1.0 or 3.0, each address to the nation has been marked by rejoicing and zeal. After boosting the morale of India by conducting fly pasts to each corner of the nation alongside showering flowers, the real news came on 12th My, 2020, the 50th day of lockdown when Mr. Modi announced an economic package of around Rs. 20 lakh crores

Understanding the New Dividend Tax Regime

Akhil 14 May 2020 at 10:10

The dividend distribution tax has been abolished from 1 April 2020. Tax on dividends which was earlier payable by the company is now taxable in the hands of the shareholder.

The New Income Tax Regime - Beneficial for you?

CA (CS) Ujjwal Jindal 14 May 2020 at 10:10

Section 115BAC, introduced by the Finance Act, 2020, provides that, the income-tax payable in respect of the total income of a person, being an individual or a Hindu Undivided Family (HUF), for any previous year beginning on or after the 1st day of April, 2020 shall, at the OPTION of such person, be computed at concessional rates.