Income Tax Articles

Changes in Income tax in Dec 19

Posted by Nageswara Rao Jammigumpula 09 January 2020 40953 Views

The objective of this article is to summarize all the updates of Income Tax (Notifications, Circulars, other amendments, and updates) in one place. The same are being summarized below.

Direct Tax Proposal - Quick Insight

Posted by JINESH MEHTA 09 January 2020 8679 Views

Direct Tax Proposal - Quick Insight [Budget for clean environment, technology advancement, low cost housing and less cash economy]

Deductions for the differently abled under Section 80U of the Income Tax Act

Posted by Guest 08 January 2020 10486 Views

The Indian government has taken various pro-active measures to empower the differently abled and their families. One of the benefits available to them is under ...

Know the technical difference between employees, contractors, consultants & their TDS liability

Posted by Anand Krishnakumar 05 January 2020 14380 Views

Differentiating between an employee, a contractor and a consultant may not be decis

Confusion between goodwill of profession vs business

Posted by Suresh Thiyagarajan 31 December 2019 30347 Views

Sale of Goodwill and its taxability:Goodwill, the name in itself gives us an idea that it is a reputation that was built through business over a period of time....

Whether Late fee on TDS statement U/s 234E or interest U/s 201(1A)

Posted by rajesh mehta 30 December 2019 11069 Views

Whether Late fee on TDS statement U/s 234E or interest U/s 201(1A) or late fee on income tax return U/s 234F or interest U/s 234A, B, C be levied by TDS-CPC, Gh...

Income from House property of Non-Resident

Posted by Suresh Thiyagarajan 30 December 2019 9246 Views

Tax on Income from House property of Non-resident:It is very common for Indian's living abroad to own a house property in It is It is very common for Indian

TDS under Sec 194-IA

Posted by Suresh Thiyagarajan 29 December 2019 13243 Views

TDS u/s 194-IA relating to Transfer of Immovable Property(IP): The above section requires the transferee (person who purchases the IP) to deduct TDS @1% u/s 194...

Foreign Company - Set off and Carry forward of business loss

Posted by Suresh Thiyagarajan 29 December 2019 9638 Views

Whether set off and carry forward provision applicable to Foreign Company?With the globalization of companies around the world, it is important for the governme...