Income Tax Articles

Meaning of Relative as per Income Tax Act 1961

Aishna Kukreja 25 March 2020 at 10:19

Meaning of Relative as per Income Tax Act 1961. Section 2(41)of the Income Tax Act 1961 defines the meaning of relative. The meaning of relative is further explained in Section 56(2)(vii).

Section 115BAB: An Analysis

Mikdad Merchant 24 March 2020 at 10:38

Income Tax Amendment Ordinance 2019 had inserted a new section 115BAB in the Income Tax Act 1961 to provide for the concessional rate of tax for new manufacturing companies. This article is guidance for anyone looking to take benefit of the new section and are in the process of setting up a new manufacturing unit.

Tax Incentive for additional employee cost u/s 80JJAA: An Analysis

Mikdad Merchant 23 March 2020 at 11:43

Tax Incentive for additional employee cost u/s 80JJAA: An Analysis

Key Highlights of Vivad Se Vishwas Scheme

CA Kushal Soni 21 March 2020 at 12:56

Key Highlights of Vivad Se Vishwas SchemeOn 01st February, 2020 Hon’ble Finance Minister in Budget Speech announce this scheme which is now seen as a gold..

Income Tax Guide: IT return, e-filing

Prince Grover 20 March 2020 at 17:32

Income Tax is a tax levied directly on the income or wealth of a person. Here is a complete guide on Income tax returns, slab rates and e-filing.

Impact of Corporate Tax reduction on Cost of Capital of the Company

Yash Panjwani 20 March 2020 at 10:44

The government of India has made corporate tax reductions. This article covers the impact of Corporate Tax reduction on Cost of Capital of the Company

Supreme Court on Registration under section 12AA of Income Tax Act 1961

Dilip K Raina 16 March 2020 at 10:42

Supreme Court on Registration under section 12AA of Income Tax Act 1961

TDS on Rent - Section 194I

Prince Grover 13 March 2020 at 17:26

Section 194I TDS on Rent of the Income Tax Act 1961 contains provisions with respect to TDS deduction on payment of rent.

TRACES Login : How to log in to TRACES portal and download Form 16B?

CCI Team 12 March 2020 at 12:03

Form 16B is a certificate for tax deducted at source under section 3 of the Income Tax Act on the sale of Immovable Properties.

Taxability of foreign companies in India

ONAM AGGARWAL MOHIT MITTAL 12 March 2020 at 10:19

In India, companies are taxed on their income according to their residential status. A company with residential status in India will be taxed on its global income whether earned in India or outside India whereas a non resident company will be taxed only on income received, accrued or arise in India.