Income Tax Articles

Inter Source Set-Off Of Losses Explained | Sec 70

Posted by Ritik Chopra 08 April 2021 20958 Views

Understand Section 70: How to set-off losses from one source against income from another within the same head. Learn the exceptions.

File Income Tax Return Late? Belated & Revised ITR Options

Posted by CA Sapna Ghelani 08 April 2021 18238 Views

Missed the Income Tax Return deadline? Discover your options for filing a belated return or applying for condonation with genuine reasons.

New ITR Forms & Tax Audit Report for FY 2020-21

Posted by CA Umesh Sharma 07 April 2021 11730 Views

Discover changes to ITR forms and tax audit reports for FY 2020-21. Learn about new taxation regimes, dividend reporting, and property transfer details.

Section 80IC: Tax Deduction for Backward States

Posted by Ritik Chopra 07 April 2021 12007 Views

Discover Section 80IC tax deductions for setting up industries in backward states like Sikkim, Himachal Pradesh, Uttarakhand & North Eastern States. Learn eligibility & benefits.

TDS Deduction & Taxability: Sections 198 & 145 Explained

Posted by CA. Mohit chaturvedi 07 April 2021 12132 Views

Understand how Sections 198 and 145 of the Income Tax Act affect TDS deduction and taxability. Learn when to offer TDS as income.

CBDT Releases JSON Utility for ITR-1 & ITR-4 AY 2021-22

Posted by CA Sapna Ghelani 07 April 2021 7584 Views

The CBDT has launched a new JSON utility for ITR-1 and ITR-4 for AY 2021-22, replacing Excel and Java versions. Download and use it now!

NRI Software Payments: Royalty or Business Profit?

Posted by Atishay Jain 07 April 2021 1387 Views

Discover if payments to NRI software suppliers are royalty. Learn about the Supreme Court's landmark ruling and its implications for businesses in India.

NRI Fund Transfer: Send Money Overseas from India

Posted by CA. Aditya Goel 06 April 2021 11317 Views

Learn how NRIs can transfer funds overseas from India. Discover the process, required forms (15CA/15CB), and RBI regulations for repatriation.

Faceless Assessment Scheme 2021: Key Provisions Explained

Posted by Latish Alwani 02 April 2021 4027 Views

Understand the Faceless Assessment Scheme 2021 from April 1st. Learn about e-assessment centres, units, and the detailed procedure for assessments.

Faulty Income Tax Communications: What You Need to Know

Posted by CMA Navneet Kr Jain 02 April 2021 28775 Views

Income Tax Department sends partly faulty 'High Value Information' communications. Learn how to check and respond to these notices. Get expert advice.