Income Tax Articles

A Guide to Sec 80EE, Sec 80EEA and Sec 80EEB

Posted by Ritik Chopra 21 April 2021 11478 Views

Understanding deduction w.r.t interest on loan for residential house property to a first time buyer (Sec. 80EE), deduction regarding payment of interest on loan taken for certain house property (Sec. 80EEA) and deduction w.r.t the purchase of an electric vehicle (Sec. 80EEB).

New Slab Rates in Section 115BAC for AY 2021-22

Posted by Sahil Dhingra 19 April 2021 9552 Views

From FY 2020-21, taxpayers can choose to pay income tax under an optional new tax regime. The author, in this article, has listed the new slab rates u/s 115BAC.

TDS on E-Commerce Transaction

Posted by Suyash Tripathi 19 April 2021 8876 Views

Understanding TDS implications on E-Commerce transactions through the newly inserted Section 194-O of the Income Tax Act, 1961, applicable rate and various other provisions.

Tax Deductee Guide | How to meet your TDS obligations?

Posted by Aruhi 17 April 2021 2755 Views

In case of certain prescribed payments, the person making the payment is required to deduct tax at source at the prescribed rate. Let us discuss how deductees are required to meet their TDS obligations.

E-Verification of ITR - An Easy Guide

Posted by Suhasini

17 April 2021 3235 Views

After having successfully filed your Income Tax Return, the next step is to verify it. In this article, we have provided an Easy Guide on e-verification procedure of ITR.

Section 50C of the Income Tax Act and Latest Rulings

Posted by CA KANJ GOEL 17 April 2021 6217 Views

Let us understand Section 50C and the pandora of litigation throigh a recent judgment of Mumbai ITAT, pronounced on 15.01.2021 in the matter of Maria Fernandes Cheryl.

What Constitutes Salary Income?

Posted by vidyasagar 17 April 2021 47320 Views

Income from Salary WHAT CONSTITUTES SALARY INCOME?"Salary" is the remuneration received by or accruing periodically to an individual for service renderedas a result of expressed or implied contract.Compensation or remuneration even in the f

Deemed Dividend under Section 2(22)(e)

Posted by Neethi V. Kannanth 16 April 2021 10589 Views

Deemed Dividend is the dividend that is not actually paid as a dividend but assumed to be a dividend for the purpose of taxation under Section 2(22)(e) of the Income Tax Act.

Changes in Tax Audit Report in Form 3CD from AY 2021-22 in a Tabular Form

Posted by CA Sapna Ghelani 15 April 2021 73228 Views

The changes introduced in the Tax Audit Form in Form 3CD from the AY 2021-22 are shown in this article, in a tabular form. These changes in Form 3CD are effective from the 1st day of April 2021.