Income Tax Articles

New Clauses 31(ba) to (bd) inserted in Form 3CD

Posted by CA Shail Thakkar 23 October 2019 33765 Views

Details regarding newly inserted Clauses 31 (ba) to (bd) in Form 3CD by IT (Eighth Amdt.) Rules, 2018.Reporting to be done is as follows:31 (ba) Particulars of ...

Agricultural Income in India: Questions & Answers

Posted by Guest 23 October 2019 22402 Views

Agricultural income in India is categorised as a source of income and includes: income from sources that comprise agricultural land, income from buildings on o...

New Form 16: Important changes in Form 16 you must know

Posted by Ranu Gupta 23 October 2019 16202 Views

The Form 16 format has been revised by the Central Board of Direct Taxes (CBDT) and is applicable from 12th of May. The format specified in the notification com...

Consequences of non-filing and non-payment of Income Tax

Posted by Pratik Rathi 22 October 2019 9557 Views

Indian Tax structure is very much understandable, but confusions arise in the minds of the people due to many reasons. Lack of information and awareness are th...

Treatment of Notional Loss on account of Mark-to-Market

Posted by Suresh Thiyagarajan 22 October 2019 51789 Views

Before going into the concept of notional loss arising out of Mark-to-Market on forward contract, let's brush up some important basic definitions relating to the above treatment.

Did You Invest in These Plans While Saving Tax This Year?

Posted by Guest 21 October 2019 6931 Views

Each and everyone one of us thrives hard to earn money, and we struggle much more to keep that money safe. We look for every nook to try and save even a single ...

Employers and Employees Beware! Changes in Form 16

Posted by CA Umesh Sharma 19 October 2019 13350 Views

Arjuna(Fictional Character) : Krishna, new format of Form 16 has been notified by CBDT, please throw some light on the same?

TDS on Personal Rent u/s 194-IB

Posted by Rishi Jhajharia 19 October 2019 36294 Views

Applicability For those small business which are not liable for tax audit u/s 44ab Personal rent of house for salaried individual claiming HRARate of TDS 5% ex...