Income Tax Articles

Angel Tax Relief and the latest DIPP notification for Startups and Investors

VISHAL BANSAL 21 January 2019 at 10:49

Introduction-Angel Tax Relief vide latest DIPP notification dated 16th January 2019 has provided the exemption from under clause (viib) of sub-section (2) of se..

Form 15G - Form 15H for no deduction of tax at source

CA Mehul Thakker 19 January 2019 at 15:29

Section 197ASection 197A provides that if a declaration in a prescribed form (Form no. 15G � Form 15 H) is submitted by the recipient of income to the pay

A credit in time saves nine

Guest 18 January 2019 at 12:00

Emergency situations do not come with a warning, and it i

Section 80E - Income Tax Deduction for Interest on Education Loan

VISHAL BANSAL 16 January 2019 at 11:14

Introduction-Section 80E allows deduction in respect of payment of interest on loan taken from any financial institution or any approved charitable institution ..

Deductions under section 80G income tax act, 1961

FCS Deepak Pratap Singh 14 January 2019 at 11:07

DEDUCTION IN RESPECT OF DONATIONS TO CERTAIN FUNDS, CHARITABLE INSTITUTIONS [SECTION 80G], INCOME TAX ACT, 1961.The Government has done a lot to remove income d..

Tax Planning through a will

S K Rathi 10 January 2019 at 11:31

Tax Planning for the Creation of a Hindu Undivided Family through a Will One of the important means of tax planning which can be adopted through a Will is the ..

3 Months to go: 6 Things to Start Doing Now to Save Taxes This Financial Year

Guest 08 January 2019 at 17:42

Whether you are a loyal taxpayer or a first timer, if you haven't been planning your taxes, you will end up paying more tax than you should. When only thr

Easy calculation of long term capital gain tax on sale of shares for FY 2018-19

Prerna Saraogi 08 January 2019 at 16:45

Income from the gain on sale of shares was exempt until FY 2017-18. From the current FY 2018-19 the same has become taxable w.e.f 1st April 2018. Therefore, in ..

TDS obligation of Individual and HUF

CA Mehul Thakker 07 January 2019 at 10:55

When Individual/ HUF are required to deduct tax at source under these five sections?Consider the following proviso to section 194A(1):�An individual or a

Calculate your Tax Liability for AY 2019-20 and steps to reduce it

Guest 28 December 2018 at 12:06

Tax liabilities burn a hole every year in your savings. A massive chunk of your earnings is deducted from your account in the name of taxes. Majority of people ..