Income Tax Articles

Section 23(5) - Taxing of notional income in the hands of real-estate developer

Atishay Jain 25 March 2019 at 10:54

Section 23(5) of the Income Tax Act -Explained

Forms 15G and 15H: Learn to Save TDS on Interest Income

Member (Account Deleted) 25 March 2019 at 10:54

As we all know Fixed deposits are investment tools offered by banks and other financial institutions to deposit money to yield a good rate of interest as benefi..

Complete Analysis - 194IA - TDS on sale of Immovable Property

Sandeep Rawat 23 March 2019 at 16:44

Any person responsible for paying any sum to a resident transferor by way of consideration for transfe

Heart categorised as Plant for deduction of expense of Surgery!

Siddharth Sharma 19 March 2019 at 15:37

Income Tax cases are often sordid matters involving deceit, dishonesty and general untasteful behavior. Once in a blue moon though, one may stumble upon a heart..

Steps to file Revised Income Tax return online

Guest 19 March 2019 at 11:46

File Revised Return When a taxpayer discovers any omission or any wrong statement in the original Income Tax Return (ITR) submitted, the same can be corrected b..

TDS credit to be given in case of default in payment by the deductor

Shriya Vaidya 19 March 2019 at 11:24

Landmark JudgementAre we aware that the Income Tax Department cannot deny credit of TDS to the recipient of TDS even though there is a default in payment by the..

Taxability of Income of Unit Holders of Business Trust

Tarun Kumar Madaan 18 March 2019 at 11:07

The Concept of Business Trust was introduced in India vide the Finance Act�2014 by the Finance Minister Shri Arun Jaitley. The business trusts operate as

Understanding Tax Implications of Income from House / Property

Priya Kashyap 18 March 2019 at 11:07

If you own a property which is a building, plot or land attached to such building, then any rental income from such property will be chargeable to tax under the..

All you need to know about TAN

CA Arun Tiwari 15 March 2019 at 12:06

What is TAN Number?TAN number is a specific number allotted for Deduction/ Collection of TDS and payment of same into Govt A/c by a person, who is making paymen..

Various Assessment u/s 143

Arshita Gupta 14 March 2019 at 11:50

Sec 143(1): Summary Assessment: It provides for the computation of the total income of an assessee after making the following adjustments: Any arithmetical err..