Income Tax Articles

March towards cash less economy

Posted by sivadas chettoor 02 April 2020 9187 Views

Cash has always been a facilitator of black money since transactions made in cash do not leave any audit trail. It is easy to hide the identity of the payer and receiver of cash making it difficult to trace the transaction and realise tax or other revenue legitimately due to the government.

Best Judgement Assessment Under Income Tax Act, 1961

Posted by FCS Deepak Pratap Singh 31 March 2020 5106 Views

Understand Best Judgement Assessment under the Income Tax Act, 1961. Learn about the process, conditions, and assessee rights. Read now!

Tax audit under income tax laws

Posted by CA. Brijesh Baranwal 28 March 2020 30650 Views

In light of extension of last date for filing Tax Audit Report and Income Tax Return till October 31, 2019, it becomes pertinent to have a brief look on law and provisions related to Tax Audit under Income Tax compliance.

Trust & NGO Tax Changes: 5 Key Updates from FY 2020-21

Posted by Pranjal Joshi 26 March 2020 22684 Views

Discover 5 crucial direct tax changes for trusts and NGOs from FY 2020-21. Learn about re-registration, donation reporting, and more. Act now!

India COVID-19 Relief Measures: Tax & Compliance Extensions

Posted by CA Nikhil Jhanwar 26 March 2020 10298 Views

Discover India's COVID-19 relief measures. Find extended due dates for income tax, GST, MCA filings, and more. Learn about compliance relaxations.

Section 115BAB: Lower Tax for New Manufacturers

Posted by Mikdad Merchant 25 March 2020 8645 Views

Understand Section 115BAB for new manufacturing companies. Discover eligibility, tax benefits, and anti-abuse rules. Get your business tax-ready!

Meaning of Relative Under Income Tax Act 1961

Posted by Aishna Kukreja 25 March 2020 93759 Views

Understand who qualifies as a 'relative' under the Income Tax Act 1961. Discover which gifts from relatives are tax-exempt in India.

Vivad Se Vishwas Scheme: Settle Tax Disputes

Posted by CA Kushal Soni 23 March 2020 13287 Views

Understand the Vivad Se Vishwas Scheme, its eligibility, benefits, and how to file a declaration to resolve long-pending tax disputes. Learn more now!

Income Tax amendment - 2019 September

Posted by Vishal Jain 21 March 2020 30677 Views

As a bold step to revive the current Indian economy, the Finance Minister announced various amendments in the form of reduced tax rate and incentives in the Income tax act.