Income Tax Articles

New Tax Regime Explained: Benefits & Drawbacks

Posted by CA Hetal Thakkar 23 June 2020 7055 Views

Understand the new tax regime introduced by the Finance Act 2020. Compare it with the regular tax regime and discover which is best for you.

No Permanent Establishment Declaration for DTTA Benefits

Posted by Prashant Shah 19 June 2020 3167 Views

Understand the 'No Permanent Establishment' declaration for non-residents claiming Double Taxation Avoidance Agreement (DTAA) benefits in India. Learn what to include.

Proprotionate disallowance of Interest paid on unsecured loan given to third party

Posted by CA Bikash Gupta 16 June 2020 16645 Views

Proprotionate disallowance of Interest paid on unsecured loan given to third party

Revised Form 26AS: What's New & How It Affects You

Posted by VAISHALI PARTH AND ASSOCIATES 16 June 2020 24223 Views

Discover the revised Form 26AS, now the Annual Information Statement. Learn about new real estate & share transaction details and its benefits for taxpayers.

Prosecution u/s.276CC for non-filing of ITR

Posted by KCJM and Associates 15 June 2020 28304 Views

FAILED TO FILE INCOME TAX RETURN IN TIME?????BE PREPARED TO GET ARRESTED!!!If you have not filed your return at all or by the end of the assessment year, be prepared to get handcuffed because the Income Tax Department can slap you a notice of prosecu

Section194M: TDS on payment to resident contractors and professionals

Posted by CA Pratik Bhavsar 15 June 2020 37186 Views

Know all about TDS Section 194M which is recently inserted in The Income Tax Act, 1961 to provide for levy of TDS at the rate of 5% on the sum paid or credited in a particular year on account of contractual work or professional fees by an individual or a Hindu undivided family.