Income Tax Articles

Amended TDS Regime for FY 2020-21

Taxolawgy 22 May 2020 at 11:43

TDS is Tax Deducted at Source. It is an indirect way for India's government to raise income tax at source. Union Finance Bill 2020 was presented by India's Finance Minister Nirmala Sitharaman which introduced various amendments for various income tax and the new tax regime for FY 2020-21.

Analysis of Direct Tax changes introduced by the FM -CCI Talk

CCI Team 21 May 2020 at 11:20

The Finance Minister recently announced various changes to Direct Tax while giving the details of the Economic Package. Various relaxations were given to the taxpayers in the form of extension of the statutory due dates, and reduction in the TDS and TCS rates. After the relaxations were announced by the FM people had several questions about the implications of such changes

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