Income Tax Articles

Impact of GST on Used car Business

CA Puspendra Jain 19 February 2018 at 11:27

In this period of reforming India, government has imposing major compliance and taxation on different industries and also on automobile Industry and the major i..

Breather for Startups from Angel Tax

Nirmal Beniwal 14 February 2018 at 10:53

Introduction: This article clears the position of startups as regards the applicability of angel tax.Background: Clause (viib) of sub section (2) of section 56 ..

'Love' is Tax free?

CA Umesh Sharma 14 February 2018 at 10:53

Arjuna (Fictional Character): Krishna, Valentine's Day (14th February) is the perfect time to express your love in the most extraordinary way. While express

31st March' 2018: Warning Bell for the filing of the Income Tax Return!

Tarun Kumar Madaan 12 February 2018 at 10:43

Yes, you heard it right. This is a warning bell if you are over with the budget 2018 updates. It�s time to check whether your income tax return is filed o

Budget 2018 proposals Impacting Charitable/Religious Trusts

Tarun Kumar Madaan 07 February 2018 at 10:56

This government is continuously tightening the law to bring more transparency in the working of Charitable/Religious Trusts. It was the introduction of Exit Tax..

Tax Benefit for Startups proposed in the Budget 2018

Tarun Kumar Madaan 06 February 2018 at 10:52

Every section of society was looking something for it in the budget. In the last two budgets, special emphasis was made on the startups by this government. The ..

Sailent features of Section 80GG

CA Puspendra Jain 03 February 2018 at 15:35

Section 80GG of Income tax Act 1961 as amendend by Finance Act 2016The Simple reading of this section gives the following understanding that Assessee, not falli..

TDS on individual paying rent more than 50K

Nirmal Beniwal 03 February 2018 at 15:31

Introduction: This article explains the new section 194 IB added by the budget 2017 in the Income Tax Act which

Why co-operative societies need not file IT return?

Radhakrishnan K.V. 01 February 2018 at 10:59

There is no reason why a co-operative society should file income tax return. We may examine the provision In the Income Tax Act 1961 which requires a person to ..