Income Tax Articles

Guide to ITR-1 for the AY 2018-19

Posted by B Vinay Reddy 18 June 2018 13997 Views

Almost after 55days of commencement of FY, Income Tax department made ITR forms available for filing Income Tax Returns for

Vital points for AY 2018-19 return filing

Posted by Dipanshu arora 18 June 2018 11973 Views

The Countdown has begun, we all are engaged with the process of finalizing the books of accounts for the financial year 2017-18, and after that representation o...

Presumptive Taxation - Likely to get tedious due to TDS

Posted by Sundararajan S 18 June 2018 15433 Views

8th November 2016, a remarkable day in Indian history. Demonetisation was made by ordinance. Many e-payment methods emerged. Getting new currency was a Himalaya...

Dividend Stripping and Bonus Stripping

Posted by Vaishali Jain 15 June 2018 15078 Views

Dividend Stripping: - Sec-94(7) of the Income Tax Act � 1961, deals with the provisions related to the dividend stripping. �What does �divid

Key changes in ITR-1 for the AY 2018-19

Posted by B Vinay Reddy 15 June 2018 63107 Views

ITR forms have been made available for filing on both Online and Java/excel utility.

Taxability of Interest Free Loan from Employer: ITAT

Posted by Prajjwal Kaushik 13 June 2018 13942 Views

In a recent decision made by Income Tax Appellate Tribunal, Mumbai in case of Neha Saraf vs. ACIT Range 13(3) [ITA No. 2172/M/2016] it has been decided that wh...

Interest on Payments Default u/s 201(1A)

Posted by Avinash Jeevan Dsouza 13 June 2018 13580 Views

Section 220(2) of the Income Tax Act consists of provisions for late payment of demand of tax, interest and penalty. This article seeks to explore its various p...

All you need to know about Equalisation Levy

Posted by Vaishali Jain 11 June 2018 10975 Views

Equalisation Levy was introduced in India in the year, 2016 {vide notification no. 37/2016: F.NO. 370142/12/2016-TPL} with an intent to tax the Business to Busi...

10 key changes in IT returns for AY 2018-19

Posted by Kartikey Jain 09 June 2018 74256 Views

It is already the start of the Returns filing season. Several changes were made by the Finance Act 2017 which will be applicable in the returns which will be fi...

Taxation of Gifts received or specified assets purchased by a person

Posted by Vaishali Jain 08 June 2018 13063 Views

This article is all about the taxability of gifts received or specified assets purchased by any person. Situation prior to Finance Act-2017: Prior to Financ...