Income Tax Articles

Queries related to ITR Filing

Guest 12 September 2019 at 11:32

This article deals with Queries related to ITR Filing

Process of filing for Advance Pricing Agreements

CA Rohan Prajapati 12 September 2019 at 10:45

There are no monetary or other conditions prescribed under the Indian APA rules for a taxpayer to be eligible for applying for an APA.

Tax implications of share trading in India

CA AJIT YADKIKAR 11 September 2019 at 16:08

Here are tax implications of share transactions based on various provisions of Direct Tax Laws.

Why You Should File Income Tax Returns

CA Varsha Chopra 06 September 2019 at 10:23

Filing tax returns is an annual activity seen as a moral and social duty of every responsible citizen of the country. It is the basis for the government to determine the amount and means of expenditure of the citizens and provides a platform for the assessee to claim refund, among other forms of relief from time to time.

Revision of TDS Return in case of PAN error Notice received from Department

CS Deepak Singhal 05 September 2019 at 10:37

It is a very common mistake at the time of submitting the TDS return that the PAN of the applicant entered wrongly, now this will make your TDS return defective..

Effective Income Tax Amendments Impact on Your Life

Member (Account Deleted) 04 September 2019 at 11:18

Since initiation, a lot of amendments are included in income tax laws to make rigid the architecture of our tax regime.

194M & N : Cash flow problem for the event Management companies

CA Pradeep Kumar Rajput 04 September 2019 at 11:18

The maiden budget for the year 2019 was presented in the parliament by the new finance minister Nirmala Sitaraman on 05-07-2019 and the same has been settled now. So whatever changes are there the same need to follow for the entire year and later on until there is a change.

Taxation of hypothetical Income

Dilip K Raina 02 September 2019 at 10:59

In simple words Income tax is levied on income which has been received or has accrued. Income is said to be accrued when it becomes due, but it must also be accompanied by corresponding liability of the other party to pay the amount. Only then an income will be said to have accrued and is not a hypothetical income.

Section 194N : TDS on Cash Withdrawal

Nikhil Kothari 31 August 2019 at 16:35

TDS on Cash Withdrawal - Section 194N, To discourage cash transaction and promote Digital Economy. The provisions of Section 194N will be applied to the payments made on or after 1st September 2019.