Income Tax Articles
Section 194IA | TDS on sale of immovable property
This section intends to cover the Gross receipts/Sale consideration received by the Seller on the sale of immovable property. TDS is to be deduced by the person paying the above consideration i.e. buyer.
Tax Planning tips for individuals & HUF for FY 2021-22
You Can Save Your Taxes By Using Various Exemptions And Deductions Provided By The Government Under Various Provisions Of Income Tax Act,1961. Discussing the same in this article.
Benami Transaction (Prohibition) Act, 1988
History of Benami Transactions Benami is a Persian term which essentially means something without a name. However, in the present context
All about Aatma Nirbhar Bharat Abhiyan
But be it Lockdown 1.0 or 3.0, each address to the nation has been marked by rejoicing and zeal. After boosting the morale of India by conducting fly pasts to each corner of the nation alongside showering flowers, the real news came on 12th My, 2020, the 50th day of lockdown when Mr. Modi announced an economic package of around Rs. 20 lakh crores
Understand Your Form 16
Understand Your Form 16 By now most salaried employees must have received their Form 16 from their employers. Now its time to file the return. Though we know that Form 16 is for tax filing but many of us still find it hard to understand t
IT Initiatives by the Tax Department
E-filing and other Online Initiatives by the Tax Department Internet is one of the most important inventions of 20th century and it has a profound effect in our everyday life. Internet has been used wisely to do transactions which were pa
Extra deduction of Rs. 20,000 under section 80CCF
Another avenue to save tax was introduced in the Budget 2010 in the form of section 80CCF. This section allows a deduction of Rs. 20,000 for investments made in Infrastructure Bonds. Recently, IFCI has come up with an issue of Long Term Infrastructu
ETDs & ETCS Returns: Understanding Quarterly Inconsistencies
Discover why quarterly ETDs and ETCs returns can be inconsistent and learn how to identify and resolve these discrepancies for accurate financial reporting.
3 SMARTS OF BUDGET 2010-11
PETROL: Walk Out Yesterday the Parliament of India have created a history by making a walkout even before the budget was yet to be finished. The opposition parties made the walkout once it was declared in the budget that petrol prices
BUDGET WINE IN NEW BOTTLE
Month of February is the shortest month of the year and this shortest month gets the highest importance other than any month of the year. For Indian economy it is the month where all expectation and desires followed with wishes and prayers are ex
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