Income Tax Articles

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 ..

Invest in These and Pay Zero Tax!

Guest 31 January 2018 at 18:03

Is Your Salary Above Rs 10 Lakh A Year? Invest in These and Pay Zero Tax!

Practical aspects of the provisions of Section 194 A of the IT act

CA Mehul Thakker 31 January 2018 at 11:12

In this article, we will be touching upon the provisions of the Income Tax Act, 1961 relating to TDS in case of purchase of Immovable property. Moving forward, ..

Related party transactions, whether related?

PRABHAKAR KS 30 January 2018 at 10:53

Synopsis To run a business and make adequate tax planning, an assessee and entities may require entering into a number of transactions with outsiders as well as..

Tax Planning for Salary and Small Income Group

CA PRADEEPTA & Ms. PRARTHANA, 25 January 2018 at 11:17

Every year towards the last quarter of the financial year mostly individual assesse run from pillar to post to make sure they have availed all the options available with them to reduce their tax liability.