Income Tax Articles

Know your Income tax form ITR-2

CS Karan B. Khattri 25 June 2018 at 11:09

WHAT IS ITR 2ITR-2 Form is for Individuals and HUFs not carrying out business or profession under any proprietorship.DETAILS REQUIRED IN ITR-2 FORM SCHE..

Know your income tax form ITR-1

CS Karan B. Khattri 22 June 2018 at 11:25

WHAT IS ITR 1?ITR-1 form is the simplest one-page form which should be filed by individuals having an income up to Rs. 50 lakhs. This income can be from the fol..

How Can You Effectively Manage NPAs?

T.R.Radhakrishnan 21 June 2018 at 11:11

Management of NPA (Non Performing Assets) - New suggestion - An old wine in new bottleRecently Mr. Piyush Goyal, Finance Minister, announced setting up of a co..

ICDS - Impact analysis

Mohit Joshi 21 June 2018 at 11:10

Topic � Analysis of Income Computation and Disclosure Standards Introduction �Income Computation and Disclosure Standards (better known as ICDS) are

How to find Date of Birth from PAN?

Siddharth Goel 20 June 2018 at 11:06

Date of Birth Finder!Imagine someone who forgot his/her Date of Birth. How would one decide on which day they are supposed to celebrate their birthday? It seems..

Sec 54EC - A smart way to save capital gains tax

MOHAMMAD SALIM 20 June 2018 at 11:06

Section 54EC of Income Tax Act, 1961 provides that Capital Gain arising from the transfer of long-term capital asset being land or building or both shall not be..

All about penalties under Income Tax Act

Siddharth Goel 20 June 2018 at 11:06

Penalties! Penalties! Penalties!The Income Tax Department levies a lot of hefty penalties for defaults under various provisions of the Income Tax Act, 1961. It ..

Expenditures qualifying as deduction in ITR

Kartikey Jain 20 June 2018 at 11:05

Forgot to make tax-saving investments before 31st March? Here are some expenditures which also qualify as deductions in IT returnsYou must have seen people stru..

Basic Guide on ITR Forms for AY 18-19

Kartikey Jain 19 June 2018 at 11:16

Which ITR form is right for you? The ultimate guide on ITR forms for AY 18-19It is that time of the year when we all have to take out time to file the Income ta..

Key IT amendments applicable for AY 2018-19

CA Sachin Agarwal 19 June 2018 at 11:14

The tax rate for slab of income from Rs.2,50,001/- to Rs.5,00,000/- is reduced to 5% - (It was 10% for A.Y. 17-18). Further there is no any changes regarding t..