Income Tax Articles
Issuance of notice u/s 131 (1A) of the IT Act 1961 after conclusion of IT Search and Seizure u/s 132 of the IT Act 1961 - Legal Paradox
Issuance of notice u/s 131 (1A) of the IT Act 1961 after conclusion of IT Search and Seizure u/s 132 of the IT Act 1961 - Legal Paradox
TCS Rate chart: What are the applicable TCS rates for FY 2019-20 and 2020-21?
TCS Rate chart for FY 2019-20 and FY 2020-21 as provided by the Income Tax Act, 1961 has been summarised under different categories.
Compliance Calendar for the month of November 2020
Compliance Calendar for the month of November 2020 for Income Tax Act, GST Act, and ESI Act. Mark your calendars now.
![[Solved] Issues in Applying Provisions of Section 43B of the Income Tax Act](/img/previewthumb/paidnfree/Img_7_30thjune.jpg "[Solved] Issues in Applying Provisions of Section 43B of the Income Tax Act")
[Solved] Issues in Applying Provisions of Section 43B of the Income Tax Act
FM has extended the last date for filing Tax Audit Report and Transfer Pricing report to 31st Dec 2020. Various issues in applying provisions of Section 43B have been resolved in this article.
Introduction to US Tax Returns
The US Tax returns are broadly classified into 7 main categories. The types of tax returns, description, and their due dates are described in this article.
Processing of Income Tax Return by CPC Bangalore
Where a return has been filed u/s 139, or in response to a notice u/s 142(1), such return shall be processed by the CPC. The manner of such processing is discussed in this article.
Dividends: No longer tax exempt?
In India, there are numerous instruments available for an investor wherein he can park his fund and reap a bonus/reward. Depending on the type of instrument, this bonus/reward has been named differently. When the investment instrument is debt, the bonus/reward is termed as interest and when it is equity, it is referred to as dividend.
TCS u/s 206C (1H) - New inclusions in the applicability of TCS
All about TCS on sale of Goods [newly inserted Section 206C(1H)] effective from 01.10.2020 - New inclusions in the applicability of TCS.
TDS on processing fee
Whether TDS is leviable u/s 194J or 194A of Income Tax Act 1961 on processing fees charged by NBFCs?
![[Solved] Practical Issues in Implementation of Section 50C of the Income Tax Act](/img/previewthumb/paidnfree/Jan_1.jpg "[Solved] Practical Issues in Implementation of Section 50C of the Income Tax Act")
[Solved] Practical Issues in Implementation of Section 50C of the Income Tax Act
Section 50C is applicable only to land or building or both. Some practical aspects with regard to the implementation of provisions of section 50C are solved here.
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