Income Tax Articles

Tax scheme for Income of Transporters under section 44AE

VISHAL BANSAL 27 December 2018 at 11:15

Introduction about this scheme (Section 44AE)- The presumptive taxation scheme of section 44AE can be adopted by a person who is engaged in the business of plyi..

Section 44AA and 44AB : A Quick Insight

Nitesh bind 26 December 2018 at 11:53

Most of the people are very much confused about the maintenance of books of accounts and audit requirement thereof. There are many misconceptions about the lega..

Deduction under section 80U: For Disability of the Individual Himself

VISHAL BANSAL 20 December 2018 at 11:12

Deduction under section 80U: For Disability of the Individual Himself This deduction is available to Resident Individual for himself. Disability under section 8..

Mutual funds: Basic structure

Yashodeep Chauhan 19 December 2018 at 11:05

"Mutual funds are subject to market risks, please read all scheme related documents carefully". Sure you've come across these punchlines 100s of t

All about Pradhan Mantri Vaya Vandana Yojana (PMVVY)

VISHAL BANSAL 18 December 2018 at 11:21

Introduction-Pardhan Mantri Vaya Vandana Yojna is one of the good investment plans for senior citizens, who has completed 60 years or above. The interest earned..

Taxability of Grant, Subsidy or Any Assistance

CA Girija M Singh 17 December 2018 at 13:29

Introduction 1. Often we hear that fate of our country, India, lies in the growth of its economy. Indian government in order to promote the growth of industr..

TDS on Hotel Accommodation

Ashish Bansal 17 December 2018 at 11:22

There are lots of questions related to TDS deduction on Rent. Though section 194I of Income Tax Act, specifically defines the situations where tds would be appl..

Allowance of Deduction of Interest for Income from House Property

Ashish Bansal 14 December 2018 at 10:56

There are various questions on the allowability of interest on loan paid for House Property like How much deduction of interest will be allowed from House Prope..

Advance Tax Payments: Due Dates and Interest on Late Payment

VISHAL BANSAL 13 December 2018 at 10:43

What is Advance Tax?Advance Income Tax means to pay your yearly income tax liability in installments. It reduces the excess burden of assessee�s at the en

Procedural Parts relating to TDS

Nitesh bind 13 December 2018 at 10:43

In the last part of this summary, we have learned about the basic meaning of TDS, some concepts which were very useful and commonly applied on all sections, and..