Income Tax Articles

Components of Actuarial Valuation Reports required in compliance for IAS 19

Tikaram Chaudhary 26 December 2019 at 10:16

This article is an attempt to describe about requirement of Actuarial Valuations for compliance of International Accounting Standard 19 - IAS 19 by Indian MNC&#..

Section194M: TDS on payment to resident contractors and professionals

CA Pratik Bhavsar 24 December 2019 at 10:34

Know all about TDS Section 194M which is recently inserted in The Income Tax Act, 1961 to provide for levy of TDS at the rate of 5% on the sum paid or credited in a particular year on account of contractual work or professional fees by an individual or a Hindu undivided family.

Proprotionate disallowance of Interest paid on unsecured loan given to third party

CA Bikash Gupta 19 December 2019 at 11:23

Proprotionate disallowance of Interest paid on unsecured loan given to third party

A Brief about TDS Section - 194M

Gopi S 18 December 2019 at 12:02

A New section, 194M has been introduced vide finance act, 2019 with regard to Payment of certain sums by certain individuals or Hindu undivided family

Critical Analysis of Issues in Taxation Laws (Amendment) Bill, 2019

Sujit Talukder 17 December 2019 at 11:35

The Taxation Laws (Amendment) Bill, 2019 which has been passed by the Parliament will replace the Taxation Laws (Amendment) Ordinance, 2019 (the "Ordinance") promulgated by the President on 20th September 2019 to reduce corporate tax rates and enhanced surcharge on certain incomes by amending the Income Tax Act 1961 and Finance (No. 2) Act, 2019. Here is an analysis of the same.

Digital transformation of Indian tax administration

Mayank Mohanka 17 December 2019 at 09:39

Digital Transformation of Indian Tax Administration: CBDT's 'Faceless e-Assessments' & CBIC's 'e-Invoicing'

TDS on Payment made to the carrier engaged for road transport

CA Bikash Gupta 16 December 2019 at 10:10

The assessee-company was engaged in refining crude oil and storing, distributing and selling the petroleum products, The assessee-company required trucks for road transportation of bulk petroleum products from its various storage points to customers or other storage points. It entered into an agreement with another company for the said purpose.

Notified jurisdictional area under section 94A of Income Tax Act

PUSHP KUMAR SAHU 13 December 2019 at 11:18

In this article, we will understand why section 94A was introduced and what was the need for invoking such provisions under the Income Tax Act,1961.

The Face of Faceless e-Assessments: Artificial Intelligence, Machine Learning & Team Based Scrutiny!!

Mayank Mohanka 11 December 2019 at 10:38

'Welcome to the New Era of 'Faceless', 'Jurisdiction-less', and hopefully 'Corruption-less' E-assessments.' In this article you will get valuable and informative insights on the difference between e-assessment and regular assessment, the benefits as well as the challenges that e-assesment will face.

Introduction to Transfer Pricing

Nageswara Rao Jammigumpula 07 December 2019 at 11:39

In our recent discussions, we had come across that many of the business people and few of the professionals were not aware/familiar with the TP provisions and the related compliances. This document is intended to provide basic knowledge of the same.