Income Tax Articles
Which ITR to file? Know the Correct Income Tax Form
Depending on the type of income, the category the taxpayer falls under (Individual, HUF, Company etc.), and the income that the taxpayer makes, there are different types of Income Tax Returns (ITR) Forms which needs to be filed.
Charitable Trusts and NGO - Income Tax Audit and Benefits Available
In this article, we understand the criteria for Tax Audit and benefits available in the case of Charitable Trusts and NGO, including their taxable income, exempt income, investment of accumulated income etc.
TCS on sale of goods- Section 206C(1H)
Every seller of goods shall collect TCS @0.1% from buyer. Where buyer can’t provide PAN or Aadhaar Number to the seller TCS shall be collected @1% instead of 0.1%.
How to choose a better health insurance policy?
Floater Plan gives one coverage amount for the whole family whereas in Individual Plan every person will get his own coverage amount.
Section 194N: TDS on Cash Withdrawal
Union budget 2019 had introduced a new section 194N - TDS on cash withdrawal. After that certain amendments have come under section 194N in Budget 2020. In this article, we discuss the same.
Section 192A | TDS on Payment of Accumulated Balance Due to an Employee
In this article, we understand all about TDS on Payment of Accumulated Balance Due to an Employee u/s 192A including the amount of deduction, threshold limit, rate of TDS, etc.
Expenditure on scientific research and its treatment under income tax act, 1961
Scientific Researches play important role in development of any country. The industrial houses are encouraged to establish their own research house or to donate in various Universities, IITs and other education institutions.
Statement of Financial Transaction or Reportable Account- Sec 285BA of IT Act
Obligation to furnish statement of financial transaction or reportable account {Sec - 285BA, Income-tax Act, 1961
Weekly Finance and Tax News Bulletin by CAclubindia - 26th Dec 2020 to 2nd Jan 2021
In this article, we will discuss the major updates from the Finance and Tax Industry between 26th December 2020 and 2nd January 2021.
Equalisation Levy in Income Tax Act, 1961
Transformation by CBDT from Taxing Business Income to Business Transactions
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