Income Tax Articles

Penalty for delayed filing of Income Tax return for AY 2018-19

Member (Account Deleted) 12 April 2018 at 11:01

Finally due date for filing of income tax retuns(ITR) for Assessment year 2016-17 and 2017-18 is over. Now its time to get ready for AY 2018-19 ITR to avoid pen..

Section 80JJAA - Deduction in respect of employment of new employees

Meenu 11 April 2018 at 15:58

Eligibility: An assessee to whom sec 44AB is applicable GTI includes PGBP Intellectual: Individual engaged in business o..

All about Section 194IB

Meenu 10 April 2018 at 13:30

An individual or HUF paying rent of more than Rs 50,000 per month is now required to deduct tax at source (TDS). The government recently introduced section 194I..

New ITR-6: Sixteen changes and additional reporting requirement

CA Pradeep Kumar Rajput 10 April 2018 at 11:07

This is being the first year of GST implementation the government has taken bit extra time as compared to the last year in notifying the relevant ITR's. A

Income tax Calculator FY 2018-19

Benny Thadathil 10 April 2018 at 11:05

The basic principles of taxation are nearly as old as human society - the history of taxes stretches thousands of years into the past. Several ancient civil

Highlights of Section 194-IB

Susmita Dutta, CA , CPA 10 April 2018 at 11:04

HIGHLIGHTS OF SECTION 194-IB Certain amendments were introduced to the existing provision of applicability of TDS on rent and also the rates applicable for dedu..

Slump Sale and Its Taxability

CA Gyati Gupta 09 April 2018 at 11:34

In M&A transactions,"Slump Sales" are considered to be one of the most preferred ways of carrying out a deal due to various tax and stamp duty in

Major changes in Income Tax after 1st April, 2018

CS Karan B. Khattri 05 April 2018 at 11:03

Tax Exemption limit is Rs.2,50,000/- After that, up to 5 Lakh, Tax rate is 5% (earlier it was 10%). Payment of Rent Rs.50,000 per month by any Individ

New tax slabs and alerts for AY 2018-19

CA Garima Mishra 05 April 2018 at 11:03

Key changes in ITR of Individuals for AY 2018-19 Income tax returns of individuals where audit is not required

E Assessment Procedure under the Income Tax Act 1961

CA Rajkumar agrawal 03 April 2018 at 11:40

Instruction No. 1/2018 issued by the CBDT on 12th of February 2018As per above dated instruction issued by the CBDT, Following procedure will be apply for condu..