Income Tax Articles

Tax on Cashbacks? What You Need to Know

Posted by Galactic Advisors 19 December 2020 5609 Views

Discover if you need to pay tax on cashbacks received from credit cards or mobile wallets. Learn about tax implications and thresholds.

Presumptive Taxation: Key Judicial Rulings Explained

Posted by CA.R.S.KALRA 18 December 2020 12229 Views

Understand important judicial pronouncements on presumptive taxation. Learn how ITAT rulings protect assessees from unwarranted additions and scrutiny.

TDS & Advance Tax: Rules for Presumptive Taxation

Posted by CA.R.S.KALRA 17 December 2020 14740 Views

Understand your TDS and Advance Tax obligations, even under presumptive taxation schemes like 44AD and 44ADA. Learn about new thresholds and interest implications.

Residential Status Income Tax Act: Key Changes Explained

Posted by Venkat Raj 17 December 2020 4261 Views

Understand your residential status under the Income Tax Act. Learn about new rules for individuals, companies, and 'deemed residents'.

Is TDR Transfer Taxable? Capital Gains Explained

Posted by Parth Shah 16 December 2020 8467 Views

Discover if Transferable Development Rights (TDR) are taxable under capital gains. Learn how ITAT and court rulings clarify this for property owners.

Section 115BAC: New Income Tax Rules Explained

Posted by Sudiesh 16 December 2020 4477 Views

Understand Section 115BAC of the Income Tax Act. Learn about the new tax rates, deductions you'll lose, and if it's right for you. Opt-in or out today!

Section 271B Penalty: Failure to Get Accounts Audited

Posted by CA.R.S.KALRA 16 December 2020 12348 Views

Understand the Section 271B penalty for failing to get accounts audited. Learn about the penalties, reasonable causes, and key case laws. Avoid costly fines.

Old vs New Tax Regime Calculator: Choose Wisely

Posted by CA Dhaval Karia 15 December 2020 22669 Views

Compare old and new tax regimes with our automated Excel calculator. Make informed decisions about your investments and tax planning. Download now!

In-Hand Salary Reduction: New Wage Code Rules Explained

Posted by Shweta 14 December 2020 12535 Views

Understand how the new Code on Wages 2019 rules, effective April 2021, could reduce your take-home pay and increase PF/gratuity contributions. Learn more!