Income Tax Articles

Changes in ITR 1,2,3 and some key points

Dipul mehta 28 June 2019 at 12:32

Form Name For Whom Changes in F.Y. 2018-19 ITR 1 For Individuals being a Resident (other than Not Ordinar..

HUF Formation: Effective way to save the tax

CA Varun Kumar 28 June 2019 at 11:27

Hindu Undivided Family (HUF) is known to be a very good tax saving tool in India in an ethical & compliant way. Though it is not so widely used by the peopl

Applicability of tax on Cashback

Suresh Thiyagarajan 28 June 2019 at 11:22

In the increasing backdrop of E-commerce platform of doing business, there arises a tax angle on how to deal with Cashback. Though Income tax, tax the income ar..

Analysis of changes in ITR Forms for FY 2018-19

KARAN ARORA 26 June 2019 at 17:15

The Income Tax Department has brought about certain changes in select ITR forms meant to be used for assessment year 2019-20. Individuals and businesses are req..

The world beyond Section 80C of Income Tax Act 1961

CA Mili Shah 26 June 2019 at 13:13

PF, ELSS, LIC, NSC, PPF,SSY, Tuition fee, FD for 5 years, ULIP, Home loan principal repayment, Post office saving scheme etc are the common strike off's in

Avoid these mistakes while filing ITR

Manish Kumar Gupta 25 June 2019 at 17:42

An Income tax return (ITR) is a form filed with the Income tax authority of India that reports about i

Section 44AE of The Income Tax Act, 1961

CA. Atul Khurana 24 June 2019 at 11:22

Section 44AE of The Income Tax Act, 1961Special provision for computing profits and gains of business of plying, hiring or leasing goods carriagesThis section a..

Form 26AS: The easiest way of recalling the TDS amounts deducted during the year

Ranu Gupta 24 June 2019 at 11:21

With the due date of income tax return filing approaching soon, the taxpayers have started collecting the necessary documents and information. If you are provid..

Section 44AB vs 44ADA

CA. Atul Khurana 14 June 2019 at 11:29

As Section 44AD is applicable on business (click here to read in detail), Section 44ADA applies on professionals.It says that if an eligible assessee (professio..