Income Tax Articles

Income & Expenditure pertaining to Pre-commencement business period by startups

Mayank Mohanka 21 August 2019 at 10:49

"To be curious is a good thing and to work towards satisfying ones' curiosity is even better."- Mayank Mohanka

New Direct Tax Code all set to replace the Income Tax Act 1961

Vaishali Dhek 20 August 2019 at 15:35

The Modi led government in its last term constituted a Task Force to rewrite the Income Tax Law that would reduce compliance and tax burden and make tax governa..

Predatory pricing under Income Tax Act

Dilip K Raina 19 August 2019 at 10:41

The dictionary meaning of the word PREDATORY PRICING: A pricing method of selling certain goods at a lower price than is required, or to give away goods for fre..

Sections 50C of IT Act resulting in Double Taxation?

Mayank Mohanka 19 August 2019 at 10:41

Sections 50C/43CA/56(2)(x) of Income Tax Act concerning Adoption of Circle Rates for Computation of Capital Gain/Business Profits/Income from Other Sources on L..

194A :TDS on Interest other Interest on Securities

Vishal Punchhi 13 August 2019 at 11:17

The article presented to show the TDS provisions contained under section 194A of the Income Tax Act

Calculation and Reporting of LTCG

CA Varsha Chopra 12 August 2019 at 11:20

Calculation of LTCGLTCG on transactions in listed equity and equity mutual fund units in FY 2018-19 is to be calculated as per a new tax regime introduced in B..

7 Tips to Ease Your Income Tax Return Filing Experience

Kapil Rana 12 August 2019 at 11:19

As the last date of income tax return (ITR) filing date nears, most taxpayers find it confusing to deduce their taxable amount. With the introduction of e-filin..

ITRs - Details of forms, due dates and late fees for AY 2019-20

CA. Brijesh Baranwal 09 August 2019 at 12:15

EXTENSION OF DUE DATE The Government of India, through its Order dated July 23rd, 2019, has extended the due date for filing Income Tax Returns (ITRs) for Asses..

FAQ on filling-up of the IT return forms for AY 2019-20

Guest 09 August 2019 at 12:14

Circular No. 18 of 2019 F.No. 370142/1/2019-TPL (Pt-1) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Di..

Change maturity amount as per life stages with this insurance product

Guest 09 August 2019 at 10:25

Wherever there is even a whiff of money, the taxes unabashedly sneak in.Yes, taxes are hard to avoid. That is why, whether you're living in India or are an NRI,..