Income Tax Articles

Income Tax Act 1961: Key Changes from April 2021

Posted by Manish Gupta 07 June 2021 14449 Views

Discover crucial changes to the Income Tax Act 1961 effective from April 2021. Learn about TDS, PF, depreciation, ITR filing, and more.

New vs Old Income Tax Scheme: Section 115BAC Explained

Posted by Madhur Gandhi 07 June 2021 9786 Views

Compare the new Section 115BAC income tax scheme with the old one. Understand the new slabs, deductions, and exemptions available.

Section 194Q: Buyer's TDS on Goods Explained

Posted by CA Deepak Kumar 07 June 2021 2450 Views

Understand Section 194Q TDS on goods. Learn who deducts tax, when it applies, rates, and exemptions for buyers in the UK.

Section 194Q vs 206C(1H): Tax on Goods Purchases

Posted by Ashok Pitroda 07 June 2021 3808 Views

Understand the differences between Section 194Q and 206C(1H) of the Income Tax Act regarding tax on goods purchases. Learn who deducts/collects tax and when.

TDS/TCS for Non-Filers: Section 206AB & 206CCA Explained

Posted by Vikas Rai 07 June 2021 4274 Views

Understand higher TDS/TCS rates for non-ITR filers under Sections 206AB & 206CCA. Learn applicability, rates, and exclusions. File your return to avoid penalties.

Section 10(5): Tax Exemption on Leave Travel Assistance

Posted by Ritik Chopra 07 June 2021 7728 Views

Understand Section 10(5) Leave Travel Concession/Assistance. Learn about tax exemptions for travel expenses in India, including air, rail, and other modes. Find out limits and conditions.

Taxation of Bitcoin and other cryptocurrencies in India

Posted by Nakul Naik 02 June 2021 41593 Views

To understand the tax implications of Crypto currencies in India, the following points need to be understood under the context of the Income Tax Act

TDS on Purchase of Goods: Section 194Q Explained

Posted by Vikas Rai 01 June 2021 16877 Views

Understand TDS on goods purchases under Section 194Q. Learn who's liable, when to deduct, rates, and consequences of non-compliance.

What is Salary Income? Understand Taxable Salary

Posted by Ritik Chopra 01 June 2021 11852 Views

Discover what constitutes salary income under the Income Tax Act, including wages, pension, bonus, and more. Learn about employer-employee relationships and taxable salary components.