Income Tax Articles
Role of commerce management during lockdown
Commerce and Management faces unprecedented setbacks due to the COVID-19.
Who is your relative under different Acts?
The author in this article has analyzed the provisions of the various Acts with regard to the definition of a relative.
Transactions Which Are Not Considered As Transfer Under Income Tax Act,1961
Transactions Which Are Not Considered As Transfer Under Income Tax Act,1961
Sample Disclosure as per ICDS
Sample Disclosure as per Income Computation and Disclosure Standards for reporting in Tax Audit report for FY 2016-17.
An Overview of TCS on Sale of Goods u/s 206C
TCS on sale of goods u/s 206C (1H) came into effect on 1st October 2020. Let us have an overview of the new provision and what all does it cover.
Transparent Taxation Scheme: The expenses that are going to reflect in 26AS
The transparent taxation Scheme brings many changes in the taxation system. Let us discuss the expenses that are going to reflect in 26AS
New era of taxation for charitable trusts
This year the Taxman has come with a substantial overhaul having regard to the taxation of the Trusts, Societies, NGOs etc. i.e. Charitable Trusts including edu...
Section 80D - Deduction in respect of Medical Insurance Premium under IT Act
In the present scenario, due to the arise of Covid-19, many people are purchasing Health Insurance policies. Premiums paid on such policies are eligible for deduction u/s 80D of Income Tax Act. Let us discuss the deduction.
TDS on fees for professional or technical services
The Government had brought in the concept of TDS, through which persons are required to deduct TDS and deposit the same with the Government. Know more about TDS on fees for professional and technical services here
TCS u/s 206C (1H) - Points to be kept in mind while applying the section
Peculiar points to be kept in mind while applying TCS u/s 206C (1H) on sale of goods.
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