Income Tax Articles

Simple steps to file Income Tax Return (ITR) online

Posted by CS Karan B. Khattri 19 February 2020 18442 Views

09/03/2018 Karan Leave a commentLast date for filing Income tax return for financial year 2015-16 and 2016-17 is 31st March, 2018. Filing of selected Financial...

Changes in ITR-1 to ITR-6 for the AY 2018-19

Posted by CA Tejas Andharia 19 February 2020 41104 Views

Changes in ITR-1The most popular one pager return is continued by the CBDT this year also. But there are certain changes regarding eligibility to file this retu...

Understanding Types of ITR Forms For Filing ITR Online

Posted by Ashiwini Ballodia 19 February 2020 22690 Views

According to the Central Board of Direct Taxes (CBDT), in total there are 7 different types of forms that we need to file for Income Tax Returns

Income tax perspective - Sale of Immovable Property by a Non Resident Indian

Posted by CA. Siva Nagaraju 19 February 2020 9427 Views

Through this article, I am making an effort to present the following, 1. How a non-resident seller can avoid liquidity crunch; 2. What are the responsibilities of a buyer dealing with NRI Seller and the consequences of non-compliance.

Section 153A Notice: Can You Revise Claims?

Posted by Dilip K Raina 17 February 2020 15103 Views

Discover if you can make revised claims after receiving a Section 153A notice. Learn about the High Court's ruling on assessment abatement and new claims.

Income & Expenditure pertaining to Pre-commencement business period by startups

Posted by Mayank Mohanka 17 February 2020 7038 Views

"To be curious is a good thing and to work towards satisfying ones' curiosity is even better."- Mayank Mohanka

Predatory pricing under Income Tax Act

Posted by Dilip K Raina 15 February 2020 8055 Views

The dictionary meaning of the word PREDATORY PRICING: A pricing method of selling certain goods at a lower price than is required, or to give away goods for fre...

Sections 50C of IT Act resulting in Double Taxation?

Posted by Mayank Mohanka 15 February 2020 11163 Views

Sections 50C/43CA/56(2)(x) of Income Tax Act concerning Adoption of Circle Rates for Computation of Capital Gain/Business Profits/Income from Other Sources on L...

TDS on Cash Withdrawal Over Rs 1 Crore: Section 194N Explained

Posted by CA Piyush Agarwal 13 February 2020 21405 Views

Learn about Section 194N: TDS on cash withdrawals exceeding Rs 1 crore. Understand applicability, rates, and exemptions. Get informed now!

Section 68 Income Tax Act: Judicial Interpretation & Cases

Posted by Dilip K Raina 11 February 2020 26387 Views

Understand Section 68 of the Income Tax Act 1961 regarding unexplained cash credits. Explore key judicial interpretations and recent Bombay High Court rulings.