Income Tax Articles

Interest on Share Application Money: Taxable or Set-off?

Posted by Gursimaran Singh Rakhroy 28 July 2021 955 Views

Discover if interest earned on share application money is taxable or can be offset against issue expenses. Learn from Apex Court rulings.

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

Posted by Gursimaran Singh Rakhroy 28 July 2021 2991 Views

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

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

Posted by Neethi V. Kannanth 28 July 2021 10077 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.

Tax on Firm Asset Transfer to Partners: 2021 Changes

Posted by CA Sufiyan Ganodwala 28 July 2021 3777 Views

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

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

Posted by MOHAN ARYA 27 July 2021 3390 Views

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

Filing Income Tax for a Deceased Person: Legal Rep Guide

Posted by CA Satish Badve 27 July 2021 7242 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.

TDS/TCS Non-Filer Compliance Check: Sections 206AB & 206CCA

Posted by Ishita Ramani 24 July 2021 6340 Views

Check TDS/TCS compliance for non-filers under Sections 206AB & 206CCA using the Income Tax Department's online utility. Ensure correct tax deductions.

Who Must File an Income Tax Return in the UK?

Posted by Neethi V. Kannanth 23 July 2021 2959 Views

Discover who is legally required to file an income tax return in the UK. Learn about compulsory filing for companies, firms, and individuals based on income and assets.