Income Tax Articles

Section 44AD: Presumptive Income Scheme Explained

Posted by CA.R.S.KALRA 09 December 2020 13242 Views

Understand Section 44AD of the Income Tax Act. Learn about eligible businesses, presumptive income rates (6% & 8%), and how digital payments benefit you.

Equalisation Levy: Rules, Rates & Penalties Explained

Posted by CA Rahul Mittal 08 December 2020 5742 Views

Understand the Equalisation Levy in the UK. Learn about its applicability, features, rates, penalties, and exemptions for digital transactions.

GST Returns Now Visible in Your Income Tax Form 26AS

Posted by Ishita Ramani 08 December 2020 2899 Views

Discover how GST returns are now reflected in your updated Form 26AS (Annual Information Statement). Learn what this means for your income tax filing.

Income Tax Act: Cash Payment Restrictions Explained

Posted by Arvind Tuli 08 December 2020 4360 Views

Understand cash payment limits under the Income Tax Act, 1961. Learn about disallowances and penalties for non-compliance. Read now!

After Filing ITR: Verification, Processing & Next Steps

Posted by Shweta 07 December 2020 5973 Views

Discover what happens after you file your Income Tax Return (ITR). Learn about verification, processing, assessment types, and grievance redressal.

Vivad se Vishwas Scheme: Key CBDT FAQs & Clarifications

Posted by Mayank Mohanka 07 December 2020 7894 Views

Understand key takeaways from the latest CBDT FAQs on the Vivad se Vishwas Scheme 2020. Learn about eligibility, tax computation, and deadlines.

Choose Your Tax Scheme: New vs Old for FY 2020-21

Posted by Yash Salampuria 07 December 2020 3150 Views

Confused about the new tax scheme (Sec 115BAC)? Compare new vs. old tax regimes for FY 2020-21 and choose the best option for your income. Make an informed decision!

Joint Commissioner Approval for Search Assessments: Section 153D

Posted by CA.Mohit Gupta 06 December 2020 3301 Views

Understand the legality of Joint Commissioner approval for assessments in search cases under Section 153D of the Income Tax Act. Learn about due application of mind.

Presumptive Taxation Explained: Simplify Your Taxes

Posted by CA.R.S.KALRA 05 December 2020 6551 Views

Understand presumptive taxation in India. Learn how it simplifies tax compliance for small businesses and reduces audit burdens. Discover if it's right for you....