Income Tax Articles

Salary less than expected because of TDS

Posted by RevMy Startup 19 February 2018 11094 Views

TDS or Tax Deducted at source is a convenient way to pay a percentage of taxes on income. In this article we will deep dive into TDS calculations and online TDS...

Impact of GST on Used car Business

Posted by CA Puspendra Jain 19 February 2018 6949 Views

In this period of reforming India, government has imposing major compliance and taxation on different industries and also on automobile Industry and the major i...

Breather for Startups from Angel Tax

Posted by Nirmal Beniwal 14 February 2018 9151 Views

Introduction: This article clears the position of startups as regards the applicability of angel tax.Background: Clause (viib) of sub section (2) of section 56 ...

'Love' is Tax free?

Posted by CA Umesh Sharma 14 February 2018 17708 Views

Arjuna (Fictional Character): Krishna, Valentine's Day (14th February) is the perfect time to express your love in the most extraordinary way. While express

31st March' 2018: Warning Bell for the filing of the Income Tax Return!

Posted by Tarun Kumar Madaan 12 February 2018 14080 Views

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

Posted by Tarun Kumar Madaan 07 February 2018 12284 Views

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

Posted by Tarun Kumar Madaan 06 February 2018 10470 Views

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

Posted by CA Puspendra Jain 03 February 2018 11116 Views

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

Posted by Nirmal Beniwal 03 February 2018 13332 Views

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?

Posted by Radhakrishnan K.V. 01 February 2018 23935 Views

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 ...