Income Tax Articles

Section 44ADA: Presumptive Tax for Eligible Professions

Posted by CA Santhosh Gupta Kethepalli 04 August 2020 18083 Views

Understand Section 44ADA's presumptive taxation for professionals. Discover eligibility, presumptive income, and relaxations on audits. Learn more!

Finance Bill 2020: Key Income Tax Updates for Businesses

Posted by CA Dhaval Shah 04 August 2020 21801 Views

Discover crucial income tax changes from the Finance Bill 2020, including dividend tax, corporate rates, and audit limits. Stay informed!

Section 35D: Deductions on Preliminary Expenses

Posted by CA Mehul Thakker 01 August 2020 11155 Views

Understand Section 35D of the Income Tax Act. Learn about preliminary expenses, eligibility, limits, and how to claim deductions for Indian companies and resident assessees.

Deduction for Interest on Education Loan

Posted by Rohit 01 August 2020 31276 Views

Q.1 Who can claim deduction?Only Individual can claim deduction under section 80E.Q.2 What is Expenditure Qualified for deduction under section 80E?Interest paid on Loan.Loan should be taken:1. for Study after Senior Secondary or its equivalent2. fro

Encyclopedia on Gratuity

Posted by Chintan Shah 01 August 2020 37696 Views

Encyclopedia on Gratuity Gratuity – Meaning of – Gratuity refers to the gracious payments made to the employee in appreciation of the prolonged services rendered by the employee to the employer and is normally payable at the

Charitable Institutions: New Rules for Registration

Posted by Dilip K Raina 01 August 2020 2351 Views

Discover changes to charitable institution registration under Section 12AB of the Income Tax Act. Learn about provisional and 5-year registrations.

July 31st Income Tax Deadlines: What You Need to Know

Posted by CA Rahul Mittal 30 July 2020 13961 Views

Discover crucial July 31st, 2020 income tax deadlines for investments, deductions, TDS/TCS statements, and Sukanya Samriddhi accounts. Don't miss out!

NOTES ON INCOME FROM CAPITAL GAIN

Posted by CA Puneet Jethliya 30 July 2020 79446 Views

TRANSFERIt includes sales, exchange, redemption of zero coupon bonds and sale of anycapital asset with consideration. SHORT TERM CAPITAL GAINFor shares, securities hold for 12 months or less.Other assets hold for 36 months or less.For the following