Income Tax Articles

TDS on payment of rent more than Rs. 50,000 per month by individuals/HUFs

CA. Brijesh Baranwal 08 November 2018 at 13:35

EXISTING LAWThere is an existing provision for deduction of TDS (deduction of tax at source) under section 194-I in the Income Tax Act, 1961 for individuals/HUF..

Best Investment Plan for 5 Years

VISHAL BANSAL 05 November 2018 at 11:13

Success Mantra "Don't depend on a single plan for your success". Every person wants to secure his future by investing his small earnings

Demand u/s 143(1) by IT Dept & rectification thereof u/s 154

CA. Brijesh Baranwal 05 November 2018 at 11:13

Income Tax Return filing season for certain class of assessees including individuals not falling under tax audit provisions has just been over and by now the In..

Reasons for Notice from Income Tax Department

CA. Brijesh Baranwal 01 November 2018 at 11:18

One of the biggest worries of income taxpayers is getting a notice from the Income Tax Department. The Department issues notices under various provisions of the..

Step by step procedure of filing TDS Return | TRACES portal

Komal 31 October 2018 at 10:42

TRACES - Sometimes navigating and uploading a TDS return on the TRACES portal can be difficult for some of the taxpayers. Complying with the data procedure too has been

Filing ITRs in India - For residents and non resident Indians (NRIs)

CA. Brijesh Baranwal 30 October 2018 at 10:58

INCOME TAX IN INDIAGovernment of India needs money for its expenses and development activities which is collected in the form of taxes and Income Tax is the big..

Interest and Remuneration paid or payable to partners under Sec 40B

VISHAL BANSAL 29 October 2018 at 11:35

Section 40(b) of Income Tax Act provides some specific conditions for payment of Remuneration includes salary, bonus, commission etc. and Interest paid to partners.

FAQs on Income Tax

CA. Brijesh Baranwal 29 October 2018 at 11:26

What is Income Tax?It is a tax levied by the Government of India on the income of every person. The provisions governing the Income-tax Law are given in the Inc..

Demand Under Sec 143 (1) And Rectification

CA. Brijesh Baranwal 26 October 2018 at 11:19

DEMAND U/S 143(1) Attimes, income tax payers get intimation of demand from the Departmentu/s 143(1)/143(1A).Most of such cases are generated due to discrepancy ..

5 Tips To Save Taxes From Your Retirement Money

Naina Kapoor 25 October 2018 at 11:09

All our lives we work to save enough money so that we can have a prosperous retirement and do not have to worry about our old age. Those who are entitled to pen..