Income Tax Articles

Section 23(5) - Taxing of notional income in the hands of real-estate developer

Posted by Atishay Jain 25 March 2019 33165 Views

Section 23(5) of the Income Tax Act -Explained

Forms 15G and 15H: Learn to Save TDS on Interest Income

Posted by Member (Account Deleted) 25 March 2019 9772 Views

As we all know Fixed deposits are investment tools offered by banks and other financial institutions to deposit money to yield a good rate of interest as benefi...

Complete Analysis - 194IA - TDS on sale of Immovable Property

Posted by Sandeep Rawat 23 March 2019 13329 Views

Any person responsible for paying any sum to a resident transferor by way of consideration for transfe

Heart categorised as Plant for deduction of expense of Surgery!

Posted by Siddharth Sharma 19 March 2019 20697 Views

Income Tax cases are often sordid matters involving deceit, dishonesty and general untasteful behavior. Once in a blue moon though, one may stumble upon a heart...

Steps to file Revised Income Tax return online

Posted by Guest 19 March 2019 11388 Views

File Revised Return When a taxpayer discovers any omission or any wrong statement in the original Income Tax Return (ITR) submitted, the same can be corrected b...

TDS credit to be given in case of default in payment by the deductor

Posted by Shriya Vaidya 19 March 2019 11612 Views

Landmark JudgementAre we aware that the Income Tax Department cannot deny credit of TDS to the recipient of TDS even though there is a default in payment by the...

Taxability of Income of Unit Holders of Business Trust

Posted by Tarun Kumar Madaan 18 March 2019 32665 Views

The Concept of Business Trust was introduced in India vide the Finance Act�2014 by the Finance Minister Shri Arun Jaitley. The business trusts operate as

Understanding Tax Implications of Income from House / Property

Posted by Priya Kashyap 18 March 2019 13242 Views

If you own a property which is a building, plot or land attached to such building, then any rental income from such property will be chargeable to tax under the...

All you need to know about TAN

Posted by CA Arun Tiwari 15 March 2019 18163 Views

What is TAN Number?TAN number is a specific number allotted for Deduction/ Collection of TDS and payment of same into Govt A/c by a person, who is making paymen...

Various Assessment u/s 143

Posted by Arshita Gupta 14 March 2019 16681 Views

Sec 143(1): Summary Assessment: It provides for the computation of the total income of an assessee after making the following adjustments: Any arithmetical err...