Income Tax Articles

All about alternate minimum tax

CA Sachin Agarwal 03 December 2019 at 10:09

Alternate Minimum Tax is a tax that is leviable to normal tax. Know all about alternate minimum tax: applicability, computation, and exemption.

Business loss u/s 28 vs. specific deductions under the head business

Karan Khanchandani 30 November 2019 at 11:19

Many times we fall into a confusion regarding the difference between business losses and business expenditure.

Additional compliances in TDS section 194M and 194N

Dipak KUMAR 27 November 2019 at 10:18

Individuals and the HUFs, who were not required to deduct the tax will be burdened with additional compliances under section 194M and 194N

All about Section 194M TDS

CA Sachin Agarwal 22 November 2019 at 10:31

Payment made by certain individuals or HUF for contract work, professional services, commission or brokerage.

Income tax updates from the month of October 2019

Nageswara Rao Jammigumpula 09 November 2019 at 13:27

The objective of this document is to summarize all the updates of Income Tax (Notifications, Circulars, other amendments and updates) in one place. The same are being summarized below, along with our opinions on certain clarifications.

Preferrable Income Tax Strategy for the development of the country

Kishore 05 November 2019 at 11:11

In this article I am proposing an Income Tax Strategy that I feel will ultimately lead to the overall development of the country and promote an inclusive growth.

Points to remember while finalizing books of accounts of pvt ltd company for FY 2018-19

Gaganjot Singh 31 October 2019 at 12:01

In this article, what points should be taken care off, while finalizing the books of accounts of the private limited company is explained

Tax rate on New Manufacturing Companies In India

CA Anil Kumar Buna 31 October 2019 at 10:50

The article throws light on the tax rate on new manufacturing companies in India

Income Tax Slabs & Rates : AY 2020-21 or FY 2019-20

CA Rakesh Sharma 29 October 2019 at 11:03

Income tax slab for ay 2020 21, here you can know all about Income Tax Slabs & Rates AY 2020-21

No deduction if return not filed

sivadas chettoor 25 October 2019 at 11:04

There may be some hope for relief from the courts based on the 1955 circular of CBDT and the decision of the Supreme court in Goetze case but it appears to be very risky. Therefore the author would advise all the entities to file the return immediately before 31-10-2019 without going for risky adventurous legal battle.