Income Tax Articles

Digital transformation of Indian tax administration

Posted by Mayank Mohanka 06 March 2020 6453 Views

Digital Transformation of Indian Tax Administration: CBDT's 'Faceless e-Assessments' & CBIC's 'e-Invoicing'

Step by step procedure of filing TDS Return | TRACES portal

Posted by Komal 06 March 2020 47986 Views

TRACES - Sometimes navigating and uploading a TDS return on the TRACES portal can be difficult for some of the taxpayers. Complying with the data procedure too has been

Why You Should File Income Tax Returns

Posted by CA Varsha Chopra 04 March 2020 28157 Views

Filing tax returns is an annual activity seen as a moral and social duty of every responsible citizen of the country. It is the basis for the government to determine the amount and means of expenditure of the citizens and provides a platform for the assessee to claim refund, among other forms of relief from time to time.

Effective Income Tax Amendments Impact on Your Life

Posted by Member (Account Deleted) 02 March 2020 9980 Views

Since initiation, a lot of amendments are included in income tax laws to make rigid the architecture of our tax regime.

194M & N : Cash flow problem for the event Management companies

Posted by CA Pradeep Kumar Rajput 02 March 2020 7632 Views

The maiden budget for the year 2019 was presented in the parliament by the new finance minister Nirmala Sitaraman on 05-07-2019 and the same has been settled now. So whatever changes are there the same need to follow for the entire year and later on until there is a change.

New Income Tax Regime: Lower Rates, Fewer Exemptions

Posted by CA PARTH SHAH 02 March 2020 17357 Views

Explore the new optional income tax regime in India. Understand the lower tax rates, which deductions you must forgo, and if it's right for you.

Taxation of hypothetical Income

Posted by Dilip K Raina 29 February 2020 14563 Views

In simple words Income tax is levied on income which has been received or has accrued. Income is said to be accrued when it becomes due, but it must also be accompanied by corresponding liability of the other party to pay the amount. Only then an income will be said to have accrued and is not a hypothetical income.