Income Tax Articles

What is the new snag of TDS on purchase of goods?

Posted by CA Umesh Sharma 17 February 2021 10345 Views

Analysing the new provision for TDS i.e. Section 194Q, that has been proposed in the Union Budget 2021-22 and what will be its impact on the taxpayers.

Section 194LA | TDS on Payments of Compensation on Acquisition of certain Immovable Property

Posted by CA.R.S.KALRA 15 February 2021 7179 Views

Discussing Section 194LA of the Income Tax Act which deals with TDS on Payments of Compensation on Acquisition of certain Immovable Property including its meaning, rate of TDS, and eligibility etc.

Compilation of Notifications & Circulars issued by CBDT in the month of January 2021

Posted by SAGAR MALHOTRA 15 February 2021 9217 Views

Discussing all the Direct Tax Notifications and Circulars issued by the Central Board of Direct Taxes, in the month of January 2021.

Section 194LB | TDS on Income by way of Interest from Infrastructure Debt Fund

Posted by CA.R.S.KALRA 15 February 2021 9317 Views

Discussing Section 194LB of the Income Tax Act, which deals with the TDS on Income, by way of Interest from Infrastructure Debt Fund including its meaning, rate of TDS and responsibility etc.

Tax Implications of Trading in Securities

Posted by CA Santhosh Gupta Kethepalli 13 February 2021 13661 Views

With the rise in online trading avenues as well as investor awareness, a larger number of people are now channeling their investments into the financial markets.

Key Changes in Income Tax Policies

Posted by CA Shubhi Khandelwal 13 February 2021 8295 Views

Know what are new disclosures that will reflect in your Income Tax Return(ITR) Form with the implementation of faceless assessment

Sec 194P | Relaxation for Senior Citizen for ITR

Posted by rajat jain 12 February 2021 8456 Views

Section 194P - Conditional Relaxation for a senior citizen who is the age of 75 years or more from filing return of Income Tax under Union Finance Bill 2021/Budget 2021.

Sec 194Q | TDS on Purchase of Goods

Posted by rajat jain 12 February 2021 17014 Views

In this communication, we are going to touch base an important change in the Tax Law that is proposed by the Budget and going to impact drastically every business operating in India.

Section 206AB/206CCA | Higher TDS/TCS Rate

Posted by rajat jain 12 February 2021 6560 Views

The new section 206AB and 206CCA are proposed to be inserted in the Income Tax Act, 1961 by the Finance Bill, 2021 which provides for a higher rate of TDS/TCS to be applied if the transactions are done with the non-filers of the Income Tax Return.