Income Tax Articles

Old vs New Tax Regime FY 2020-21: Which is Best?

Posted by VIVEK MALAVE 27 April 2020 26645 Views

Compare the old and new tax regimes for FY 2020-21. Discover which option suits you best by analysing income, deductions, and exemptions. Make an informed choice!

Corporate Tax Rates & Deductions: PM Cares Fund Explained

Posted by Ashwin Jain 27 April 2020 2414 Views

Understand Indian corporate tax rates, eligible deductions, and the impact of the PM Cares Fund. Make informed tax decisions for your business.

AY 2020-21 Income Tax Slabs & Rates

Posted by Simran Saria 27 April 2020 8100 Views

Understand AY 2020-21 income tax slab rates for resident individuals. Learn about tax rebates and when you might need to forego deductions for lower tax.

New PPF Rules: Relaxations & Key Changes Explained

Posted by FCA surbhi jain 26 April 2020 4232 Views

Discover the latest PPF rules and relaxations, including extended deposit deadlines, penalty waivers, and interest rate changes. Learn how to maximise your savings.

Section 271AAD: Understanding Fake Invoice Penalties

Posted by Hemant Kumar Gupta 26 April 2020 2379 Views

Learn about Section 271AAD of the Income Tax Act, 1961. Understand penalties for false entries and omissions in your books of account. Applicable from April 1, 2020.

Income Tax Act Section 6: Residential Status Changes

Posted by Jigar Rajendrabhai Mansatta 26 April 2020 10048 Views

Understand changes to Section 6 of the Income Tax Act for residential status. Learn about new rules for AY 2021-22 and how they affect you.

What is Salary | How to Calculate TDS on Salary

Posted by @VaibhavJ 24 April 2020 1064782 Views

TDS on salary is computed on Salary under section 192. TDS on salary is computed on the estimated annual salary of the employee at the rates in force in the FY

TDS Provisions Changes: Income Tax Act Amendments Explained

Posted by Jigar Rajendrabhai Mansatta 23 April 2020 29294 Views

Understand the latest TDS amendments to the Income Tax Act, 1961. Learn about new sections and changes to existing ones, effective from Finance Bill 2020.

No deduction if return not filed

Posted by sivadas chettoor 22 April 2020 52094 Views

There may be some hope for relief from the courts based on the 1955 circular of CBDT and the decision of the Supreme court in Goetze case but it appears to be very risky. Therefore the author would advise all the entities to file the return immediately before 31-10-2019 without going for risky adventurous legal battle.

Income Tax Act Amendments AY 2020-2021: Key Changes

Posted by Ajay Kumar Mundada 22 April 2020 9587 Views

Discover crucial amendments to the Income Tax Act for AY 2020-2021 affecting individuals, HUFs, and companies. Learn about new deductions and tax rates.