Income Tax Articles

Relevant Income Tax Updates in Finance Bill, 2020

CA Dhaval Shah 06 February 2020 at 10:15

Relevant Income Tax Updates in Finance Bill, 2020

FAQ's on TDS section 194-O

Saurabh Anokhchand Jain 05 February 2020 at 10:03

The Union Budget 2020 inserted TDS section 194-O to widen the scope of TDS. TDS u/s 194-O is to be paid by an e-commerce operator on payment made to e-commerce participant @1% at the time of credit or payment whichever is earlier.

20 Googly Balls of Budget 2020 that can take Taxpayer's wicket

CA Umesh Sharma 03 February 2020 at 11:03

20 Googly Balls of Budget 2020 that can take Taxpayer's wicket

A Word of caution to Charitable Institutions

Dilip K Raina 03 February 2020 at 10:03

Historically those institutions created with the main object of serving the general public without the aim to earn profits or distribute any income to the promoters of such institutions are called charitable institutions.

Section: 115BAC - Incentives in Tax rates to Individual and HUF (Proposed)

CA Nayan Goyal 02 February 2020 at 01:20

Section: 115BAC - Incentives in Tax rates to Individual and HUF (Proposed)

Why CA Office Work Management has become need of the hour?

CA Ruby Bansal 01 February 2020 at 16:01

Why CA Office Work Management has become need of the hour?

How to Reset Your Income Tax E-filing Password? - If unable to reset through forgot password options.

Soumya Laha 30 January 2020 at 10:29

Resetting Income tax e-filing password is not so difficult for a taxpayer but it becomes difficult when the mobile no. and email id. is not belongs to the taxpayer.

Section 194M - TDS on payment to resident contractors and professionals

CA Piyush Agarwal 28 January 2020 at 10:38

Reason for introduction of Section 194M This section was introduced for the purpose to cover some specified high value transactions in personal nature under TDS which was previously excluded from TDS provisions.

A study of Section 68 of the Income Tax Act, 1961 w.r.t Penny Stocks

Member (Account Deleted) 27 January 2020 at 17:08

Advocate Arjun Gupta has discussed the taxability of penny profits in light of the recent changes to Section 68 of the Income Tax Act and the decisions of various courts. He also argued that the law places an unfair burden on taxpayers and is not workable.

Clubbing of income under provisions of Income tax act, 1961

FCS Deepak Pratap Singh 27 January 2020 at 17:08

Clubbing of income, means addition of income of other in the gross total income of a person, while computing his/her taxable income. Generally, it is applicable in family. Income of a spouse, child may be clubbed with income of major earner of the family.