Income Tax Articles

Income tax Calculator FY 2018-19

Benny Thadathil 10 April 2018 at 11:05

The basic principles of taxation are nearly as old as human society - the history of taxes stretches thousands of years into the past. Several ancient civil

Highlights of Section 194-IB

Susmita Dutta, CA , CPA 10 April 2018 at 11:04

HIGHLIGHTS OF SECTION 194-IB Certain amendments were introduced to the existing provision of applicability of TDS on rent and also the rates applicable for dedu..

Slump Sale and Its Taxability

CA Gyati Gupta 09 April 2018 at 11:34

In M&A transactions,"Slump Sales" are considered to be one of the most preferred ways of carrying out a deal due to various tax and stamp duty in

Major changes in Income Tax after 1st April, 2018

CS Karan B. Khattri 05 April 2018 at 11:03

Tax Exemption limit is Rs.2,50,000/- After that, up to 5 Lakh, Tax rate is 5% (earlier it was 10%). Payment of Rent Rs.50,000 per month by any Individ

New tax slabs and alerts for AY 2018-19

CA Garima Mishra 05 April 2018 at 11:03

Key changes in ITR of Individuals for AY 2018-19 Income tax returns of individuals where audit is not required

E Assessment Procedure under the Income Tax Act 1961

CA Rajkumar agrawal 03 April 2018 at 11:40

Instruction No. 1/2018 issued by the CBDT on 12th of February 2018As per above dated instruction issued by the CBDT, Following procedure will be apply for condu..

New changes in financial year

CS Ekta Maheshwari 02 April 2018 at 12:29

NEW FINANCIAL YEAR!! NEW CHALLENGES!! NEW HOPES!!...Unlike earlier financial years, this new financial year, 2018 indeed came up with lot many significant chang..

Capital gain on transfer of shares

CA TRIPTI PANDEY 02 April 2018 at 11:48

Greetings of the day. Capital gains taxation has always been a contentious issue drawing the attention of Finance Minister in every Budget, with this year not

Taxability of salary and related information

CA Gyati Gupta 31 March 2018 at 12:25

I have started writing this article keeping in mind the questions raised in minds of salaried class taxpayers. Also, it is aimed to address the doubts of all th..

Presumptive taxation - A simplified scheme for small businesses and professions

Ishita Ramani 31 March 2018 at 12:24

What is Presumptive Taxation Scheme?To reduce the burden of various compliances, Govt. has introduced a scheme of Presumptive Taxation under section 44AD, 44ADA..