Income Tax Articles

Key changes in ITR-1 for the AY 2018-19

B Vinay Reddy 15 June 2018 at 12:12

ITR forms have been made available for filing on both Online and Java/excel utility.

Taxability of Interest Free Loan from Employer: ITAT

Prajjwal Kaushik 13 June 2018 at 13:33

In a recent decision made by Income Tax Appellate Tribunal, Mumbai in case of Neha Saraf vs. ACIT Range 13(3) [ITA No. 2172/M/2016] it has been decided that wh..

Interest on Payments Default u/s 201(1A)

Avinash Jeevan Dsouza 13 June 2018 at 11:16

Section 220(2) of the Income Tax Act consists of provisions for late payment of demand of tax, interest and penalty. This article seeks to explore its various p..

All you need to know about Equalisation Levy

Vaishali Jain 11 June 2018 at 10:59

Equalisation Levy was introduced in India in the year, 2016 {vide notification no. 37/2016: F.NO. 370142/12/2016-TPL} with an intent to tax the Business to Busi..

10 key changes in IT returns for AY 2018-19

Kartikey Jain 09 June 2018 at 16:00

It is already the start of the Returns filing season. Several changes were made by the Finance Act 2017 which will be applicable in the returns which will be fi..

Taxation of Gifts received or specified assets purchased by a person

Vaishali Jain 08 June 2018 at 11:08

This article is all about the taxability of gifts received or specified assets purchased by any person. Situation prior to Finance Act-2017: Prior to Financ..

Registration of charitable trusts u/s 12A of the IT act, 1961

CA SATISH KUMAR N 08 June 2018 at 10:42

Section 12A registration under the Income Tax Act, 1961 is one time exemption obtained by most Trusts, soon after incorporation for exemption from paying income..

How to surrender PAN?

CA Chetan Vispute 07 June 2018 at 11:00

https://youtu.be/McxUdIDrI0wProcess to surrender PAN?Offline Process to Surrender Duplicate PAN card: Step 1:Fill up Form 49A for Change or Correction in PAN, ..

Evolution of Direct Tax code in India

Kartikey Jain 06 June 2018 at 11:29

The Direct Taxes Code (DTC) is an attempt by the Government of India to simplify the direct tax laws in India. DTC will revise, consolidate and simplify the str..