Income Tax Articles

Equalisation Levy: Rules, Rates & Penalties Explained

Posted by CA Rahul Mittal 08 December 2020 5767 Views

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

Standard Deduction for Salaried Individuals: Your Guide

Posted by Manzil Arora 29 August 2021 28842 Views

Understand the standard deduction for salaried individuals in India. Learn how it's calculated and if it applies to the new tax regime.

Tax Deductions & Health Insurance: Section 80D Guide

Posted by CA (CS) Ujjwal Jindal 10 June 2020 11323 Views

Understand Section 80D tax deductions for health insurance premiums and medical expenses. Learn key tips before investing in a health plan.

Income Tax Act: Cash Payment Restrictions Explained

Posted by Arvind Tuli 08 December 2020 4377 Views

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

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

Posted by Yash Salampuria 07 December 2020 3177 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!

Home Loan Tax Benefits: Save Money on Your Mortgage

Posted by CA Pooja Gurwani 09 June 2020 6799 Views

Discover the tax benefits of a home loan in the UK. Learn about deductions for principal, interest, and more to reduce your taxable income. Read now!

Joint Commissioner Approval for Search Assessments: Section 153D

Posted by CA.Mohit Gupta 06 December 2020 3314 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.

Section 45(5A) Income Tax Act: Capital Gains Explained

Posted by SAGAR MALHOTRA 08 June 2020 10590 Views

Understand Section 45(5A) of the Income Tax Act for capital gains on land/building development. Learn about taxability, consideration, and indexation benefits.

ITR-4 Filing Checklist AY 2020-21: Your Guide

Posted by CA Rahul Mittal 08 June 2020 12958 Views

Ensure a smooth ITR-4 filing for AY 2020-21 with our comprehensive checklist. Gather all necessary documents and avoid common errors for a stress-free tax season.