Income Tax Articles

New changes in financial year

CS Ekta Maheshwari 02 April 2018 at 12:29

NEW FINANCIAL YEAR!! NEW CHALLENGES!! NEW HOPES!!...Unlike earlier financial years, this new financial year, 2018 indeed came up with lot many significant chang..

Capital gain on transfer of shares

CA TRIPTI PANDEY 02 April 2018 at 11:48

Greetings of the day. Capital gains taxation has always been a contentious issue drawing the attention of Finance Minister in every Budget, with this year not

Taxability of salary and related information

CA Gyati Gupta 31 March 2018 at 12:25

I have started writing this article keeping in mind the questions raised in minds of salaried class taxpayers. Also, it is aimed to address the doubts of all th..

Presumptive taxation - A simplified scheme for small businesses and professions

Ishita Ramani 31 March 2018 at 12:24

What is Presumptive Taxation Scheme?To reduce the burden of various compliances, Govt. has introduced a scheme of Presumptive Taxation under section 44AD, 44ADA..

A to Z of LLP

CA BHAGYASHREE JAIN 29 March 2018 at 15:26

IntroductionThe changing global scenario, globalisation of similar tax norms, Income Recognition Standards, led to evolvement of business structures in India. A..

15 Important tasks of Income tax to be done before March end!

CA Umesh Sharma 27 March 2018 at 12:41

Arjuna (Fictional Character): Krishna, the last month of the financial year 2017-18 has started and so are the worries of all the taxpayers, how should a taxpay..

Income Tax slab rates for FY 2017-18 (AY 2018-19)

Ishita Ramani 27 March 2018 at 12:41

Income tax slab rates are decided and governed by Income Tax Act 1961 and are subject to change every year. Here are the income tax slab rates for the Financial..

10 Changes in Income Tax Relevant from AY 2018-19 Onwards

CA Gyati Gupta 22 March 2018 at 11:18

The Chartered Accountants and The Advocates are under a lot of pressure to meet the deadline of Mar 31, 2018. It is quite obvious as the closing of March 2018 i..

e-Asessment under Income Tax

CA BHAGYASHREE JAIN 21 March 2018 at 10:46

Electronic assessment, also known as e-assessment, online assessment, computer assisted/mediated assessment and computer-based assessment, is the use of informa..

Cases where Income Earned and Assessed in the same year

CA Gyati Gupta 21 March 2018 at 10:46

Everyone is aware that income is earned in Year 1 and assessed to tax only after the completion of Year 1 i.e. in the next Year; Year 2. That�s why Income