Income Tax Articles

Lesser known Tax deductions which can be saved

Mridul Arora 04 May 2018 at 10:45

When it comes to tax-saving instruments, many of us stop with the Rs1.5 lakh deduction under Section 80C. But there is a lot more you can do to lower your taxes..

Income tax slab rates for the AY 2018-19

Susmita Dutta, CA , CPA 04 May 2018 at 10:45

1.Income Tax Rate for Individuals:1(i).Income tax slab rates for Individuals less than 60 years

Cheque dishonoured: A step-by-step guide for legal recourse

Avinash Jeevan Dsouza 03 May 2018 at 16:35

The dishonour of cheque is a criminal offence and is punishable by imprisonment up to two years or with monetary penalty or with both.Cheques are used in almost..

Triple Taxation under IT Act after introduction of sec 115BBDA

Manish Harchandani 26 April 2018 at 10:42

The implied policy of the Indian Government is to avoid double taxation on income from same source and DTAAs with various countries are model examples of this p..

Accounting for Interest incomes, accrued and TDS on fixed deposits

Manjunath M Panchaxarimath 24 April 2018 at 10:58

I am writing this article to spread knowledge on how to account for Interest Income on Fixed Deposits and the Interest Accrued thereon for the year end cases.

Changes in ITR-1 to ITR-6 for the AY 2018-19

CA Tejas Andharia 18 April 2018 at 17:30

Changes in ITR-1The most popular one pager return is continued by the CBDT this year also. But there are certain changes regarding eligibility to file this retu..

Income Tax aspects in Stock market trading and investment

Ram Kohli 16 April 2018 at 11:04

Income tax requirements for the assesses dealing in shares and commodities & their respective derivativesIncome tax has recently started issuing notices to

Income Tax Ombudsman - A hidden Mechanism of resolving grievances of taxpayers

CA KULDEEP PRAJAPATI ROOPWAL 16 April 2018 at 11:04

Similar to�Ombudsman for banking services, the income tax department has its own ombudsman.

Cash Receipts and Income Tax Provisions and Compliances

CA Shreya Jagani 13 April 2018 at 11:21

The Finance Act,2017 introduced new section 269ST in the Income Tax Act, 1961 w.e.f 01.04.2017. Section 269ST has been introduced with the intention to curb the..

Income tax and TDS passwords formats

Subodh Jain 12 April 2018 at 11:02

Many of us get confused while opening the PDF downloaded/received from various government sites. The Income tax and TDS Site also contain many documents which