Income Tax Articles
Taxability on Rent Free Accommodation
Discussing all about Rent Free Accommodation including its meaning, meaning of salary for this purpose, Hotel Accommodation, exempt cases and calculation for furnished and unfurnished accommodation.
Finance Act 2021 | Did you Know? Certain Taxpayers Have to Pay Double Tax w.e.f 1st July 2021
Section 206AB shall replace the applicability of TDS rate with a higher rate of TDS for those who have not filed an ITR for two PY when the aggregate of TDS and TCS is beyond 50,000 rupees in each of those two PY.
Managing the Taxable Income of Corporates
Direct Tax levied on the income of a corporate is a considerable amount of money that has to be paid to the government every year. In this article, we will discuss the tax-saving provisions available for corporates.
Combined Study of Section 44AB with Section 44AD
Currently, businesses having turnover of more than one crore rupees are required to get their books of accounts audited by an accountant. In order to reduce the...
New "Taxpayer Friendly" Income Tax E-filing Portal 2.0
The new e-filing portal is aimed to give ease, a modern and smooth interface to taxpayers. It is another initiative for providing ease of compliance to taxpayers and other stakeholders.
Section 206AB: Higher rate of TDS for non filers of ITR - Template of Mail & Declaration
GoI has recently made an amendment in the Finance Act 2021 by inserting a new Section 206AB which prescribes a higher rate of TDS for those Vendors/ Suppliers who have not filed their ITR for the last 2 years.
![Allowances [u/s 10(14)(i)] & Personal Allowances [u/s 10(14)(iii)]](/img/previewthumb/custom/20210223065827_taxexemption.jpg "Allowances [u/s 10(14)(i)] & Personal Allowances [u/s 10(14)(iii)]")
Allowances [u/s 10(14)(i)] & Personal Allowances [u/s 10(14)(iii)]
What are Official Allowances and Personal Allowances under sections 10(14)(i) and 10(14)(iii) respectively of the Income Tax Act and what are its tax implications? Let us discuss.
What is Pink Tax?
Pink Tax is an income-generating scenario for private companies who found a way to make their product look either more directed to or more appropriate for the population and saw that as a moneymaker.
Form 10BD - Statement and Certificate of Donation
Form 10BD of the Income Tax Act is a statement of donations containing the details of donations received by Charitable Organizations during the financial year.
Issues on the New Income Tax Portal
Within hours after its launch, the new Income Tax website started showing issues like the taxpayers were unable to access the website, popping up of different types of error, and many more technical glitches.
Popular Articles
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