Income Tax Articles

TDS on Purchase of Goods: Section 194Q Explained

Posted by Ishita Ramani 21 July 2021 8016 Views

Understand TDS on purchase of goods under Section 194Q. Learn applicability, rates, and deadlines for businesses in the UK. Stay compliant!

Section 194P: Senior Citizen ITR Filing Exemption

Posted by CS Tanveer Singh Saluja 21 July 2021 9369 Views

Discover Section 194P: Learn how specified senior citizens can be exempt from filing Income Tax Returns (ITR) with TDS deducted by their bank.

TDS Rate Chart FY 2021-22: Your Essential Guide

Posted by CA.R.S.KALRA 20 July 2021 37130 Views

Understand TDS rates for FY 2021-22 in India. Find out deduction limits and percentages for various payments like salary, rent, contracts, and more.

Income Tax Reassessment: Section 148 Notices Explained

Posted by CA Umesh Sharma 20 July 2021 2334 Views

Understand the validity of Section 148 reassessment notices under the Income Tax Act. Learn about changes from the Finance Act 2021 and recent legal challenges....

Rule 8AC: Capital Gains & Goodwill Explained

Posted by Neethi V. Kannanth 20 July 2021 9320 Views

Understand Rule 8AC of the Income Tax Rules 1962. Learn how it affects short-term capital gains and written down value on goodwill.

Cash Restrictions on Charitable Trusts: What You Need to Know

Posted by CA.R.S.KALRA 20 July 2021 63468 Views

Understand cash donation limits for donors and trusts under Section 80G & 115BBC. Learn about restrictions on expenditure and how they affect charitable and religious institutions.

Cash Transactions in Agriculture: Rules & FAQs

Posted by CA.R.S.KALRA 19 July 2021 17742 Views

Understand cash payment rules for agricultural produce in India. Learn about Section 40A(3), 269ST, and differences between kachha and pacca arahtias.