Income Tax Articles

Confusion between goodwill of profession vs business

Suresh Thiyagarajan 04 July 2019 at 11:29

Sale of Goodwill and its taxability:Goodwill, the name in itself gives us an idea that it is a reputation that was built through business over a period of time...

Tax implications one should know before incorporating an LLP

Anand Krishnakumar 04 July 2019 at 11:26

Tax Implications One Should Know Before Incorporating an LLPWe have previously blogged about why an LLP over a company may be a better option for start-ups cons..

Whether Late fee on TDS statement U/s 234E or interest U/s 201(1A)

rajesh mehta 03 July 2019 at 11:27

Whether Late fee on TDS statement U/s 234E or interest U/s 201(1A) or late fee on income tax return U/s 234F or interest U/s 234A, B, C be levied by TDS-CPC, Gh..

Income from House property of Non-Resident

Suresh Thiyagarajan 03 July 2019 at 11:26

Tax on Income from House property of Non-resident:It is very common for Indian's living abroad to own a house property in It is It is very common for Indian

TDS under Sec 194-IA

Suresh Thiyagarajan 02 July 2019 at 10:58

TDS u/s 194-IA relating to Transfer of Immovable Property(IP): The above section requires the transferee (person who purchases the IP) to deduct TDS @1% u/s 194..

Foreign Company - Set off and Carry forward of business loss

Suresh Thiyagarajan 02 July 2019 at 10:58

Whether set off and carry forward provision applicable to Foreign Company?With the globalization of companies around the world, it is important for the governme..

Corporate Compliance Calendar for the month of July 2019

CS Lalit Rajput 01 July 2019 at 13:16

This article contains various Compliance requirements under Statutory Laws. Compliance means �adhering to rules and regulations.� Compliance Require

Changes in ITR 1,2,3 and some key points

Dipul mehta 28 June 2019 at 12:32

Form Name For Whom Changes in F.Y. 2018-19 ITR 1 For Individuals being a Resident (other than Not Ordinar..

HUF Formation: Effective way to save the tax

CA Varun Kumar 28 June 2019 at 11:27

Hindu Undivided Family (HUF) is known to be a very good tax saving tool in India in an ethical & compliant way. Though it is not so widely used by the peopl

Applicability of tax on Cashback

Suresh Thiyagarajan 28 June 2019 at 11:22

In the increasing backdrop of E-commerce platform of doing business, there arises a tax angle on how to deal with Cashback. Though Income tax, tax the income ar..