Income Tax Articles

CBDT finally hears plea of CAs and extends ITR deadline to 31st August

Vaishali Dhek 22 July 2019 at 11:49

The last date of filing returns for the assessment year 2019-20 is 31st July. However the Income Tax Department might consider extension of the due

TDS Section 194A - TDS on interest other than interest on securities

CA Himanshu Gandotra 22 July 2019 at 11:49

Section 194A covers provisions relating to deduction of TDS on interest other than interest on securities credited or paid by any person other than an individual or HUF to any resident, or an individual or HUF covered u/s 44AB(a)/(b).

Legal validity of Major changes in ITR schema

CA Tejas Andharia 19 July 2019 at 12:06

Does it seem that the legal validity of certain major changes in ITR Schema is questionable? Attempt to analyse with reference to legal provisions

Requirement of Gratuity Funding For Private Schools?

Tikaram Chaudhary 19 July 2019 at 12:05

The Payment of Gratuity (Amendment) Act 2018 provides Social Security to Teachers working in Educational institution (i.e. Private Schools) having 10 or more em..

Simultaneous use of Sec 44AD and Sec 44ADA

Suresh Thiyagarajan 19 July 2019 at 12:05

Though we have seen a lot of interpretations regarding simultaneous use of sec 44AD(relating to business) and sec 44ADA (relating to profession specified u/s 44..

Who is your relative under different Acts?

Bhupendra Choudhary 15 July 2019 at 13:20

The author in this article has analyzed the provisions of the various Acts with regard to the definition of a relative.

Direct Tax Proposal - Quick Insight

JINESH MEHTA 13 July 2019 at 11:20

Direct Tax Proposal - Quick Insight [Budget for clean environment, technology advancement, low cost housing and less cash economy]

Deductions for the differently abled under Section 80U of the Income Tax Act

Guest 12 July 2019 at 17:26

The Indian government has taken various pro-active measures to empower the differently abled and their families. One of the benefits available to them is under ..

Section 194M - Deduction of TDS by Individual and HUF from payments to contractors and professionals

Rohit Kapoor 09 July 2019 at 11:22

Budget 2019 has proposed a new Section 194M, which requires an individual or an HUF , to deduct TDS @ 5%, where they make payment exceeding Rs. 50 Lac in a year..