Income Tax Articles

Deep analysis of Sec 194N - TDS on cash withdrawal exceeding 1 crore

Posted by Shrikant Toshniwal 01 February 2020 20727 Views

INTRODUCTION The Finance Ministry in order to discourage cash transactions and move towards less cash economy, it is proposed to insert a new section 194N in th...

FRRO Registration - A Practical Guide

Posted by Sanyam@1 29 January 2020 20094 Views

Global mobility has become an inevitable part of businesses ever since globalization. Employees are very often asked to take up assignments outside their home c...

Things to Consider for NRIs When Filing Returns in India

Posted by Kapil Rana 27 January 2020 17987 Views

There are almost 16 million people of India living overseas which is one of the largest in the world. Many non-resident Indians (NRI) have their own bank accoun...

Impact of Section 271J of Income Tax Act 1961 on Chartered Accountants

Posted by Dilip K Raina 26 January 2020 21997 Views

With the start of Tax Audit season CAs need to refresh various clauses of the Form 3CD and create a check list along with step wise process to capture the infor...

Notional income in case of real estate companies

Posted by Suresh Thiyagarajan 21 January 2020 17866 Views

Income from unsold flats by Real Estate Companies:We all know at any point in time companies engaged in the business of construction of residential house proper...

IT Deduction Rates for Salaries FY 2019-20

Posted by Guest 20 January 2020 73158 Views

Understand the latest IT deduction rates for salaries for FY 2019-20. Find out how tax is calculated and deductions are made under Section 192.

Simple explanation of sec 194J by tax expert

Posted by Kavitha N 20 January 2020 18747 Views

Meera, a Student Company Secretary, she was quite clear about all the laws related to Company Act, 2013. But she was quite unclear about the laws related to Inc...

10 Important changes in ITR of 2018-19

Posted by CA Umesh Sharma 19 January 2020 33714 Views

Arjuna(Fictional Character) : Krishna, 31st July 2019 is the due date of filing Income Tax Return for the F.Y. 2018-19, to whom it is applicable and what care should be taken by the taxpayer?

Section 56 on buy back of shares : An undying conundrum

Posted by Mayank Mohanka 19 January 2020 6722 Views

Applicability of Section 56(2)(viia) & 56(2)(x) of the Income Tax Act, 1961 on Fresh /Bonus/Right Issue & Buy Back of Shares: An Undying Conundrum!!

Recourses to Assessee after his Income Tax Return is processed

Posted by Chetan Bhatt 19 January 2020 7773 Views

The income tax department examines the return of income for its correctness. The process of examining the return by the income tax department is termed as asses...