Income Tax Articles

"Messi" likes mess up, in tax laws. Avoid it!

CA Umesh Sharma 12 July 2016 at 10:46

Arjuna (Fictional Character): Krishna, Football lovers know the missed penalty kick by famous football player Messi and its impact on him. Further he has been p..

Complexibility of TDS on Employees

CA Pradeep Garg 11 July 2016 at 10:43

TDS on Employees should be on flat rates like professionals

Meaning of Set off and carry forward of losses

KAVITHA M S 08 July 2016 at 10:46

As per Income Tax Act 1961, a Person as defined in Section 2(31) can set off and Carry forward the losses incurred. It has been updated till Budget 2018.

ITR4S : Presumptive taxation

Shubham Gupta 07 July 2016 at 11:05

ITR-4S is a special case ITR, applicable for businesses where income is calculated on 'presumptive method'. In simple words the presumptive method lets you report your income as 8 per cent of your gross receipt

Start-up India : An Overview

Ajay Pradeep Bansal 06 July 2016 at 10:49

The Government of India has, vide Notification dated 17.02.2016, announced "Start up India" initiative for creating a conducive environment for Start ups in India.

Why filing of Income Tax Return before 31st July is Important?

CA Umesh Sharma 06 July 2016 at 10:49

Details on who are required to file income tax return before 31st July and what care they should take before filing it

Learn How to Use Tax Deductions to Save Money

Guest 01 July 2016 at 12:01

The Income Tax Department allows certain deductions which can be claimed to save tax at the time of filing the income tax return.

Section 115-UB Tax on income of investment fund and its unit holders

Pranjul Mittal 01 July 2016 at 11:52

Introduction & Its Applicability:Section 115-UB of Income Tax Act, 1961 shall b

TDS on sale of property @1% under Section 194IA

Shubham Gupta 30 June 2016 at 10:51

The prevailing withholding tax is deducted at source, and is 1% of the consideration payable to the seller. It is the responsibility of the buyer to deduct the tax and deposit the same in the government treasury�

Burden of TCS on sale or purchase in cash?

CA Umesh Sharma 28 June 2016 at 10:40

Arjuna (Fictional Character): Krishna, the government has brought the provision of TCS (Tax Collected at Source) on sale of every product or service in income t..