Income Tax Articles

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..

Welcome clarification from Govt for TCS on cash sales

Rani Jain 27 June 2016 at 10:34

It's wonderful to have clarification vide circular no. 23/20169 dt. 24th June, 20016 from Government. Government had clarified liability to collect Tax a

Gearing up for income tax returns filing

CA. Brijesh Baranwal 25 June 2016 at 12:22

Gear up and file your income tax return without waiting for the last day as events during that time might force you to miss the deadline.

Online filing of Form 15G/ 15H

CA Anshu Agarwal 21 June 2016 at 10:43

Recently last dates for e-filing of form 15G / 15H have been notified. Some basics are discussed here in that regard.

Child worried about education. Parents worried about its taxation

CA Umesh Sharma 21 June 2016 at 10:43

Now-a-days it is not clear that whether education has become a business or business has become education. Therefore parents should not go only on the appearance and evaluate the actual conditions and then select the school and college.

An Insight to Location Savings Under Transfer Pricing

Gagan Deep Singh 21 June 2016 at 10:42

Issue of Transfer pricing adjustment on location savings resulting from relocation of business.

Common mistakes in filling of Income Tax Return

Rinav Ashok Khakhar 20 June 2016 at 10:54

The accurate and complete filling up of the relevant column or detail in the Income Tax Return (ITR) form is most crucial for correct calculation of income.

Income tax return forms

CA MANISH BINDAL 15 June 2016 at 10:55

Various queries arises during filing of Income tax return such as �Which form is to be used for me for filing my income tax return� for better clarification of doubt on such issue here I am listing out various Income tax forms which are t

Now everyone has to pay 1st installment of advance tax before 15th June!

CA Umesh Sharma 14 June 2016 at 11:13

From F.Y 2016-2017 the first installment of advance tax will have to be paid on or before 15th�June and later the remaining in aforesaid 3 installments.