Income Tax Articles

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..

How does Cost inflation index determine Capital Gains?

prateek 06 June 2018 at 11:28

Section 45 of Income Tax Act says any profit and gain arisen on Transfer of a Capital Asset

Benami Transactions Informants Reward Scheme 2018

Hitesh 05 June 2018 at 10:54

The central board of direct taxes(CBDT) has introduced the reward scheme for informants giving information of

Section 87A: Income Tax Rebate of Rs. 2500

Prajjwal Kaushik 04 June 2018 at 12:42

As per the Section 87A of the Income Tax Act, 1961:�An assessee, being an individual resident in India, whose total income does not exceed [three hundred

Importance of Form 26AS for Filing Income Tax Returns

Harshitha 02 June 2018 at 13:10

If you are a professional, business owner, or a salaried individual in India, you will by now be well aware of the importance of Form 26AS while filing income t..

Insolvency and Bankruptcy Code - The Progress So Far

CS Avinash Godse 31 May 2018 at 11:14

Introducing a modern bankruptcy framework is one of the most significant reforms put in place by the Gove

Impact of budgetary provisions of Finance Act on the real estate sector

CA Nitesh Mukadam 31 May 2018 at 11:14

Any transaction of the property whether it is held as a capital asset or stock in trade should not be traded below the stam

Gear Up for Income Tax Return Filing for A.Y 2018-19

Tarun Kumar Madaan 24 May 2018 at 10:59

The income tax department has released E-filing utilities of ITR 1, 2, 3, 4, 5 and 7 for AY 2018-19. These are available at www.incometaxindiaefiling.gov.in for..

Section 80TTA and 80TTB : Deduction on Interest Income

Prajjwal Kaushik 23 May 2018 at 17:14

As per the existing provisions of the section 80TTA, there is a deduction up to Rs. 10,000 allowed to an assessee in respect to Interest Income from savings acc..