Income Tax Articles

Employee Loans: Tax Implications & Perquisite Rules

Posted by Ajay Kumar Maggidi 03 May 2021 14000 Views

Understand the income tax implications of employer-provided loans. Learn how interest-free or concessional loans are treated as taxable perquisites.

Meaning of Set off and carry forward of losses

Posted by KAVITHA M S 02 May 2021 210749 Views

As per Income Tax Act 1961, a Person as defined in Section 2(31) can set off and Carry forward the losses incurred. It has been updated till Budget 2018.

Taxation of gifts as per income tax

Posted by CA Himanshu Gandotra 02 May 2021 17630 Views

In today's scenario the custom of gift sharing is in much trend. Also since Diwali festival is approaching, many people exchange very valuable gifts.

Section 115BAD: Co-op Society Tax Explained

Posted by Ritik Chopra 02 May 2021 5668 Views

Understand Section 115BAD for co-operative societies. Learn about the 22% tax rate, conditions, and deductions you can't claim. Read now!

File Income Tax Return Online: Easy & Quick Advantages

Posted by Mohit Singh 02 May 2021 7174 Views

Discover the advantages of filing your Income Tax Return (ITR) online. Enjoy convenience, faster processing, and secure record-keeping. File today!

Section 54GA: Capital Gains Exemption for Business Relocation

Posted by Neethi V. Kannanth 02 May 2021 12422 Views

Understand Section 54GA for capital gains tax exemption when relocating your industrial undertaking from an urban area to a Special Economic Zone. Learn the conditions and benefits.

Section 54G Exemption: Capital Gains Tax Relief Explained

Posted by Neethi V. Kannanth 02 May 2021 6851 Views

Discover Section 54G exemption for capital gains on industrial assets. Learn conditions, investment rules, and how to claim tax relief for urban to rural shifts.

206C(1H) & 194Q: Practical Tax Implementation Challenges

Posted by Shailesh Prajapati 02 May 2021 4384 Views

Discover the practical difficulties in implementing Sections 206C(1H) and 194Q for TCS and TDS. Find potential solutions for businesses, especially SMEs.

TDS Section 206AB: Higher Rates for Non-Filers

Posted by Sashank Saxena 02 May 2021 4432 Views

Understand TDS Section 206AB and 206CCA. Learn about higher TDS/TCS rates for non-filers of income tax returns from July 1, 2021.

Who Must File an Income Tax Return? | UK Guide

Posted by Sagar Devani 02 May 2021 6535 Views

Discover who is required to file an Income Tax Return in the UK. Learn about thresholds, beneficial ownership, and specific conditions. File yours on time!