Income Tax Articles

Deductions for the differently abled under Section 80U of the Income Tax Act

Guest 12 July 2019 at 17:26

The Indian government has taken various pro-active measures to empower the differently abled and their families. One of the benefits available to them is under ..

Section 194M - Deduction of TDS by Individual and HUF from payments to contractors and professionals

Rohit Kapoor 09 July 2019 at 11:22

Budget 2019 has proposed a new Section 194M, which requires an individual or an HUF , to deduct TDS @ 5%, where they make payment exceeding Rs. 50 Lac in a year..

Know the technical difference between employees, contractors, consultants & their TDS liability

Anand Krishnakumar 09 July 2019 at 10:32

Differentiating between an employee, a contractor and a consultant may not be decis

Confusion between goodwill of profession vs business

Suresh Thiyagarajan 04 July 2019 at 11:29

Sale of Goodwill and its taxability:Goodwill, the name in itself gives us an idea that it is a reputation that was built through business over a period of time...

Tax implications one should know before incorporating an LLP

Anand Krishnakumar 04 July 2019 at 11:26

Tax Implications One Should Know Before Incorporating an LLPWe have previously blogged about why an LLP over a company may be a better option for start-ups cons..

Whether Late fee on TDS statement U/s 234E or interest U/s 201(1A)

rajesh mehta 03 July 2019 at 11:27

Whether Late fee on TDS statement U/s 234E or interest U/s 201(1A) or late fee on income tax return U/s 234F or interest U/s 234A, B, C be levied by TDS-CPC, Gh..

Income from House property of Non-Resident

Suresh Thiyagarajan 03 July 2019 at 11:26

Tax on Income from House property of Non-resident:It is very common for Indian's living abroad to own a house property in It is It is very common for Indian

TDS under Sec 194-IA

Suresh Thiyagarajan 02 July 2019 at 10:58

TDS u/s 194-IA relating to Transfer of Immovable Property(IP): The above section requires the transferee (person who purchases the IP) to deduct TDS @1% u/s 194..

Foreign Company - Set off and Carry forward of business loss

Suresh Thiyagarajan 02 July 2019 at 10:58

Whether set off and carry forward provision applicable to Foreign Company?With the globalization of companies around the world, it is important for the governme..