Income Tax Articles

Queries related to ITR Filing

Posted by Guest 12 September 2019 14140 Views

This article deals with Queries related to ITR Filing

Process of filing for Advance Pricing Agreements

Posted by CA Rohan Prajapati 12 September 2019 7347 Views

There are no monetary or other conditions prescribed under the Indian APA rules for a taxpayer to be eligible for applying for an APA.

Tax implications of share trading in India

Posted by CA AJIT YADKIKAR 11 September 2019 13434 Views

Here are tax implications of share transactions based on various provisions of Direct Tax Laws.

Why You Should File Income Tax Returns

Posted by CA Varsha Chopra 06 September 2019 28149 Views

Filing tax returns is an annual activity seen as a moral and social duty of every responsible citizen of the country. It is the basis for the government to determine the amount and means of expenditure of the citizens and provides a platform for the assessee to claim refund, among other forms of relief from time to time.

Revision of TDS Return in case of PAN error Notice received from Department

Posted by CS Deepak Singhal 05 September 2019 27369 Views

It is a very common mistake at the time of submitting the TDS return that the PAN of the applicant entered wrongly, now this will make your TDS return defective...

Effective Income Tax Amendments Impact on Your Life

Posted by Member (Account Deleted) 04 September 2019 9963 Views

Since initiation, a lot of amendments are included in income tax laws to make rigid the architecture of our tax regime.

194M & N : Cash flow problem for the event Management companies

Posted by CA Pradeep Kumar Rajput 04 September 2019 7627 Views

The maiden budget for the year 2019 was presented in the parliament by the new finance minister Nirmala Sitaraman on 05-07-2019 and the same has been settled now. So whatever changes are there the same need to follow for the entire year and later on until there is a change.

Taxation of hypothetical Income

Posted by Dilip K Raina 02 September 2019 14552 Views

In simple words Income tax is levied on income which has been received or has accrued. Income is said to be accrued when it becomes due, but it must also be accompanied by corresponding liability of the other party to pay the amount. Only then an income will be said to have accrued and is not a hypothetical income.

Section 194N : TDS on Cash Withdrawal

Posted by Nikhil Kothari 31 August 2019 29819 Views

TDS on Cash Withdrawal - Section 194N, To discourage cash transaction and promote Digital Economy. The provisions of Section 194N will be applied to the payments made on or after 1st September 2019.