Income Tax Articles

Step by step procedure of filing TDS Return | TRACES portal

Komal 31 October 2018 at 10:42

TRACES - Sometimes navigating and uploading a TDS return on the TRACES portal can be difficult for some of the taxpayers. Complying with the data procedure too has been

Filing ITRs in India - For residents and non resident Indians (NRIs)

CA. Brijesh Baranwal 30 October 2018 at 10:58

INCOME TAX IN INDIAGovernment of India needs money for its expenses and development activities which is collected in the form of taxes and Income Tax is the big..

Interest and Remuneration paid or payable to partners under Sec 40B

VISHAL BANSAL 29 October 2018 at 11:35

Section 40(b) of Income Tax Act provides some specific conditions for payment of Remuneration includes salary, bonus, commission etc. and Interest paid to partners.

FAQs on Income Tax

CA. Brijesh Baranwal 29 October 2018 at 11:26

What is Income Tax?It is a tax levied by the Government of India on the income of every person. The provisions governing the Income-tax Law are given in the Inc..

Demand Under Sec 143 (1) And Rectification

CA. Brijesh Baranwal 26 October 2018 at 11:19

DEMAND U/S 143(1) Attimes, income tax payers get intimation of demand from the Departmentu/s 143(1)/143(1A).Most of such cases are generated due to discrepancy ..

5 Tips To Save Taxes From Your Retirement Money

Naina Kapoor 25 October 2018 at 11:09

All our lives we work to save enough money so that we can have a prosperous retirement and do not have to worry about our old age. Those who are entitled to pen..

Power sector deduction under section 80IA, IT Act

Sandeep Rawat 15 October 2018 at 17:13

Deductions in respect of profits and gains from undertakings or enterprises engaged in infrastructure development, Power undertakings etc. [Section 80-IA] POW

Applicability of section 56(2)(viia) on Buy back of shares

CA Nirmit Sharma 08 October 2018 at 11:03

Vora Financials Vs ACIT ITAT Mumbai BenchBrief facts of the case: M/s Vora Financials Services Private Limited (assesse) is engaged in the business of trading i..

Duplicate PAN Card: How to apply for a Reprint of PAN card with Aadhaar

Binu Francis 08 October 2018 at 11:03

If you want to reprint your PAN card then visit official website and select the option for PAN reprint or duplicate request. Check out the full details here.

Penalty on delay of filing return on time

Ramawatar Garodia 08 October 2018 at 11:02

Sec.234F, introduced w.e.f. 01.04.2018 has been intorduced to levy a "late fee" of Rs,5000/- if a person fails to file Return as required u/s 139, wit