Income Tax Articles
Section 198 and 145 - Deduction and Taxability of TDS
Entire income shall be offered as income for taxation in the year of actual receipt u/s 145 and section 198 shall be treated as a section inserting deeming fiction to avoid ambiguity in the law.
JSON Utility for ITR1 & ITR 4 for AY 2021-22 released by CBDT
The Central Board of Direct Taxes (CBDT) has introduced a new utility named JSON Utility for ITR - 1 and ITR - 4 for Assessment Year 2021-22 and have discontinued the Excel and Java Version of these ITR Utilities.
Do payments made to NRI computer software manufacturers/suppliers constitute as royalty?
The controversy surrounding the taxation of payments for computer software in international transactions has been a subject matter of extensive litigation for over two decades in India.
How can NRIs transfer funds Overseas from India?
The NRI has to fill up and submit Form 15CA (Online Application Form) and Form 15CB (Chartered Accountant Certificate) to the bank branch to transfer money from India to a foreign country.
Extract of Provisions Contained in Faceless Assessment Scheme w.e.f. 1st April 2021
Studying and analysing the Faceless Assessment (Section-144B) w.e.f. 01/04/2021 And Faceless Assessment Scheme, 2019.
IT Department sends partly faulty communication specifying High Value Information
The income Tax department sends communications specifying High Value Information and seeks further information however communications seem to be partially faulty.
TDS/TCS Rates w.e.f. 1st April 2021
The updated rates for Tax Deducted at Source and Tax Collected at Source which will be applicable from 1st April 2021 have been listed in this article.
Section 139(1) - Seventh Proviso w.e.f 01.04.2020
The Seventh Proviso to Section 139(1) mandates the filing of Income Tax Return for a person undertaking certain high-value transactions or expenditures. Let us discuss the proviso.
TDS Rates applicable for FY 2021-22 or AY 2022-23
TDS rate Chart for FY 2021-22 and AY 2022-23. The TDS rate chart has been updated with all the latest amendments as per the Finance Act 2021.
Company Dividend is Taxable from FY 2020-21 but What about Mutual Fund Dividend?
There are very few clarifications regarding Mutual Fund Dividend Exemption under section 10(35). Is it still available or not? Let's read and understand with official links.
Popular Articles
- Senior Citizen Saving Scheme From 1 July 2026 with 5 New Rules
- Income Tax Slab for Senior Citizens Above 60 Years for AY 2026-27: With Deductions, Rebates and Examples
- TCS Return Due Date: New Deadline For Tax Year 2026-27
- How Salaried Employees can save Tax under the New Tax Regime
- TDS Certificates for Non-Salary Income Gets a New Identity For FY 2026-27
- Input Tax Credit Under GST: The One Provision Where a Buyer Pays for a Supplier's Default
- 143(2) Scrutiny Notice Received: What is it and How to Respond Online?
- New Interest Rates on Post Office Schemes from 1 July 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
