Income Tax Articles
Taxation of LTCG on Shares - Analysis of Provision and Calculations
The Government has re-introduced the tax on transfer of long-term capital assets (LTCA) being Equity shares / Equity oriented Mutual fund units / Business trust...
Pointers of the Ordinance passed to reduce corporate tax to 22%
An ordinance has been passed to reduce the corporate tax rate to 22% + surcharge and cess to provide relief to business entities. Businesses have welcomed this slashing of tax rates as a promising step by the Govt. in helping the economy.
All About Leave Encashment: Taxation & Calculation
1. The concept of Leave Encashment Every salaried employee per labor law is eligible to avail some Earned leaves during his/her working period
How to check scrutiny risk in Tax Audit Report ?
The taxpayer should take due care while filing Income Tax returns. Tax audit is applicable to taxpayers whose turnover exceeds Rs. 1 Crore and for sec 44AD/44ADA presumptive taxation it is Rs. 2 Crore. For professionals it's Rs. 50 Lakhs. Now, e-assessment is also in process by Income Tax Department, while filing ITR and Tax Audit Report.
The Definitive Guide to TDS Return Filing: File Your TDS Return Without Expert or Software Assistance
This article is going to help its readers and would assist in the easy filing of the TDS Returns. At the completion of this article, they would be knowing below...
Belated Income Tax return
As per Sec 139(1) of the Income Tax Act, every assessee is required to file income tax return before the prescribed due date. However, if an assessee fails to ...
Forms 15G and 15H: Learn to Save TDS on Interest Income
As we all know Fixed deposits are investment tools offered by banks and other financial institutions to deposit money to yield a good rate of interest as benefi...
Complete Analysis - 194IA - TDS on sale of Immovable Property
Any person responsible for paying any sum to a resident transferor by way of consideration for transfe
Lower or No TDS deduction on sale of property for NRI
The best idea to apply for Low or NIL TDS certificate U/s 197 of Income Tax Act as soon as you find a prospective buyer and properly sale value is fixed.
Steps to file Revised Income Tax return online
File Revised Return When a taxpayer discovers any omission or any wrong statement in the original Income Tax Return (ITR) submitted, the same can be corrected b...
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