Income Tax Articles
Mutual Funds Sahi Hai - Tax perspective?
Mutual Funds Sahi Hai - Tax perspective?
Should the Government Consider Extending the due date for filing Tax Audit, Transfer Pricing Audit and Income Tax Returns?
Keeping in view the effect of COVID-19, the FM had extended the due date for filing the Tax Audit, Transfer Pricing Audit and Income Tax Returns. However, is there a need to extend these due dates further?
What made #dateextendkarojhatpat trend on Twitter amidst the call for extending the Income Tax and GST Due Dates?
Hashtags like #Extend_Due_date #Extend_Due_Date_Immediately #extendreturnfillingdates were trending on Twitter for a long time. However, there was something peculiar in the Twitter hashtag #dateextendkarojhatpat.
Procedures to upload ITR and 3CB/3CD
Procedure to upload ITR and Form 3CB/3CD Based on Personal Experience 1) Firstly CHARTERED ACCOUNTANT has to register on Income Tax Site:- a) Steps to Register:-
Form 3CD - A Detailed Analysis
FORM NO. 3CD[See rule 6 G(2)]Statement of particulars required to be furnished under section 44AB of the Income Tax Act, 1961PART - A Name of the assesse(Here the name of the assesse is to be mentioned, and in case such audit is carried in respect of
An Interplay - Income Tax Search and Seizure and Income Tax Settlement Commission
Chapter XIX-A of the Act pertains to the settlement of cases. Under sub-section (1) of section 245C of the Act, an assessee at any stage of a case relating to him can make an application for settlement in the prescribed manner.
What is the Presumptive Taxation Scheme?
To give relief to small taxpayers from this tedious work, the Income-tax Act has framed the presumptive taxation scheme under sections 44AD, 44ADA, and 44AE.
Measures to discourage Cash Transactions and to promote Digital Economy by CBDT
Sections 269SS and 269T which deals with cash payment and repayment of loans and deposits. Both the sections were introduced to curb the black money. Tax evasion is one of the serious problems in India causing economic disparities.
Five Major Finance Changes effective from 01.07.2020
Know the five major changes in Finance that will be effective from the 1/07/2020
Tax implications of cancellation of shares pursuant to capital reduction
As per the Act, capital reduction to the extent of accumulated profits is treated as deemed dividend under section 2(22)(d). Consequently, DDT under section 115-O was paid by the company. Accumulated profits for this purpose shall include all profits of the company upto the date of such distribution or payment whether capitalised or not
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