Income Tax Articles
Deemed Dividend -Section 2(22)(e) of Income Tax Act 1961
Deemed Dividend -Section 2(22)(e) of Income Tax Act 1961Loans & Advances to Directors and Family members of Closely held CompaniesPrivate Limited Companies generally give Loan or Advance to their director and family members who are again shareho
27 FAQs on Tax Deduction and Collection Account Number (TAN)
Tax Deduction and Collection Account Number (TAN) Frequently Asked Questions and Answers (FAQs)
Analysis | Domestic Transfer Pricing
Domestic Transfer pricing Widening of scope of Section 40A(2), Transfer Pricing regulations to apply to domestic transactions, (Applicable for the AY 2013-14) Under Section 40A(2) of Income Tax Act, 1961 in case of any transaction with a rela
Section 50D of the Income Tax Act - An Analysis
The main purpose of the introduction of Section 50D is to check and prohibit freebies distributed by large business corporations to unrelated or strangers to avoid payment of tax.
Amendment in Tax Audit Form 3CD for AY 2021-22
The author in this article lists down the amendments introduced in Tax Audit Form 3CD for the AY 2021-22 and the introduction of sub-rule (3) in Rule 6G.
Section 80CCD - Deduction for National Pension Scheme
The article deals with Section 80CCD - a deduction in respect of contribution to the pension scheme of Central Government, through which tax compliance burden of taxpayers can be reduced.
Auto Fill IT Revised Form 16 for the FY 2020-21 u/s 115 BAC with interest income for senior citizens
12 April 2021
2166 Views
Senior citizens earning interest income from FDs, savings accounts and recurring deposits can get income tax exemption up to Rs 50,000 per annum under section 80TTB. This is through the amendment of the Finance Act 2018.
Key Takeaways from the guidelines issued by the Singaporean Tax Authorities
Singapore issues TP Guidelines for activities undertaken by Singapore based HQs or regional Hubs for APAC region. The said guidelines provide for the determination of remuneration for such hubs/ HQs on arm's length basis.
How to Apply for Redressal of Grievances on traces website for deductees
Taxpayer/Deductee can raise online grievance through 'Request for Resolution' option available at TRACES website from Assessment Year 2013-14 onwards. This is the online module of raising request which can also be tracked by Deductee / Taxpayer at TRACES website.
Analysis Of Sec 45(2): Conversion Of Capital Asset Into Stock In Trade
Section 45(2) states that conversion of Capital Asset into business asset has been treated as a transfer of asset and Capital Gain is attracted on such conversion.
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