Income Tax Articles

Coercive Recovery Measures of Tax Collection by Revenue Authorities need to change!

Mayank Mohanka 08 August 2019 at 11:20

As per the existing Legislative framework of the Direct T

Essence of Tax Audit vis-a-vis Revenue

Dilip K Raina 07 August 2019 at 11:11

Tax audit is an important tool for revenue department which ensures compliance of various provisions of income tax act, reduces the cost in context of diversity..

Impact of constitutional amendment in Article 370 on Income Tax & GST in Kashmir

Mayank Mohanka 06 August 2019 at 11:30

The pre-amended Article 370 of the Constitution of India coming under part XXI, granted �special autonomous status� to the State of Jammu and Kashmir.�

Digital Signature: How to Use Digital Signature while E-Filing Income Tax

Member (Account Deleted) 06 August 2019 at 11:30

Digital Signature: All you need to knowTechnological advancements have made the whole process of tax filing and submitting returns over the internet much simple..

Deep analysis of Sec 194N - TDS on cash withdrawal exceeding 1 crore

Shrikant Toshniwal 05 August 2019 at 12:26

INTRODUCTION The Finance Ministry in order to discourage cash transactions and move towards less cash economy, it is proposed to insert a new section 194N in th..

FRRO Registration - A Practical Guide

Sanyam@1 02 August 2019 at 11:05

Global mobility has become an inevitable part of businesses ever since globalization. Employees are very often asked to take up assignments outside their home c..

Comprehending Residential Status

Sakshi Jain 01 August 2019 at 11:15

IntroductionUnder the Income Tax Act, 1961, the taxability of an assessee is reliant on the residential status of the assessee. Section 6, which governs the det..

Section 194N: TDS on cash withdrawal exceeding INR 1 Crore

CA Nayan Goyal 01 August 2019 at 11:15

TDS at the rate of 2% would be deducted by banking companies, cooperative societies engaged in the business of banking, or post office, “if the cumulative withdrawals from all accounts with one bank, exceeds INR 1 crore

Things to Consider for NRIs When Filing Returns in India

Kapil Rana 31 July 2019 at 11:50

There are almost 16 million people of India living overseas which is one of the largest in the world. Many non-resident Indians (NRI) have their own bank accoun..

Impact of Section 271J of Income Tax Act 1961 on Chartered Accountants

Dilip K Raina 30 July 2019 at 11:15

With the start of Tax Audit season CAs need to refresh various clauses of the Form 3CD and create a check list along with step wise process to capture the infor..