Income Tax Articles

Section 194N: TDS on cash withdrawal exceeding INR 1 Crore

Posted by CA Nayan Goyal 01 August 2019 45429 Views

TDS at the rate of 2% would be deducted by banking companies, cooperative societies engaged in the business of banking, or post office, “if the cumulative withdrawals from all accounts with one bank, exceeds INR 1 crore

Things to Consider for NRIs When Filing Returns in India

Posted by Kapil Rana 31 July 2019 17976 Views

There are almost 16 million people of India living overseas which is one of the largest in the world. Many non-resident Indians (NRI) have their own bank accoun...

Impact of Section 271J of Income Tax Act 1961 on Chartered Accountants

Posted by Dilip K Raina 30 July 2019 21988 Views

With the start of Tax Audit season CAs need to refresh various clauses of the Form 3CD and create a check list along with step wise process to capture the infor...

Does Subscription Fee fall under Royalty

Posted by Sakshi Jain 29 July 2019 6673 Views

Does Subscription Fee Fall Under Royalty?With the increase in the complexity and growing enterprise landscape, a number of IT companies

The Most Transforming Incentive To Start-Ups In The Union Budget 2019

Posted by Ajay Agrawal 29 July 2019 5487 Views

We always find it lucrative to talk about start-ups. But to actually make it real, one need

Salary received by NRIs

Posted by Suresh Thiyagarajan 29 July 2019 11263 Views

TDS u/s 192 in case of Non-Resident IndianIt is very common for Indians to work abroad and receive a salary from a foreign company. However, there is still a co...

Set off loss under the head capital gains

Posted by Suresh Thiyagarajan 29 July 2019 15727 Views

After the introduction of sec 112A, it is important for the assessee to know the various provisions and rules attac

Taxation of Income from Cross-border Interest

Posted by CA Arun Valera 29 July 2019 5064 Views

What is Interest? I asked my students before commencing the discussion on Article 11 of the Model Tax Convention. One of my students got up and sa

Notional income in case of real estate companies

Posted by Suresh Thiyagarajan 25 July 2019 17857 Views

Income from unsold flats by Real Estate Companies:We all know at any point in time companies engaged in the business of construction of residential house proper...

Simple explanation of sec 194J by tax expert

Posted by Kavitha N 24 July 2019 18730 Views

Meera, a Student Company Secretary, she was quite clear about all the laws related to Company Act, 2013. But she was quite unclear about the laws related to Inc...