Income Tax Articles

Know the technical difference between employees, contractors, consultants & their TDS liability

Posted by Anand Krishnakumar 05 January 2020 14384 Views

Differentiating between an employee, a contractor and a consultant may not be decis

Confusion between goodwill of profession vs business

Posted by Suresh Thiyagarajan 31 December 2019 30358 Views

Sale of Goodwill and its taxability:Goodwill, the name in itself gives us an idea that it is a reputation that was built through business over a period of time....

Whether Late fee on TDS statement U/s 234E or interest U/s 201(1A)

Posted by rajesh mehta 30 December 2019 11077 Views

Whether Late fee on TDS statement U/s 234E or interest U/s 201(1A) or late fee on income tax return U/s 234F or interest U/s 234A, B, C be levied by TDS-CPC, Gh...

Income from House property of Non-Resident

Posted by Suresh Thiyagarajan 30 December 2019 9266 Views

Tax on Income from House property of Non-resident:It is very common for Indian's living abroad to own a house property in It is It is very common for Indian

TDS under Sec 194-IA

Posted by Suresh Thiyagarajan 29 December 2019 13248 Views

TDS u/s 194-IA relating to Transfer of Immovable Property(IP): The above section requires the transferee (person who purchases the IP) to deduct TDS @1% u/s 194...

Foreign Company - Set off and Carry forward of business loss

Posted by Suresh Thiyagarajan 29 December 2019 9652 Views

Whether set off and carry forward provision applicable to Foreign Company?With the globalization of companies around the world, it is important for the governme...

Changes in ITR 1,2,3 and some key points

Posted by Dipul mehta 25 December 2019 14748 Views

Form Name For Whom Changes in F.Y. 2018-19 ITR 1 For Individuals being a Resident (other than Not Ordinar...

HUF Formation: Effective way to save the tax

Posted by CA Varun Kumar 25 December 2019 11559 Views

Hindu Undivided Family (HUF) is known to be a very good tax saving tool in India in an ethical & compliant way. Though it is not so widely used by the peopl

Applicability of tax on Cashback

Posted by Suresh Thiyagarajan 25 December 2019 14507 Views

In the increasing backdrop of E-commerce platform of doing business, there arises a tax angle on how to deal with Cashback. Though Income tax, tax the income ar...

Analysis of changes in ITR Forms for FY 2018-19

Posted by KARAN ARORA 23 December 2019 27126 Views

The Income Tax Department has brought about certain changes in select ITR forms meant to be used for assessment year 2019-20. Individuals and businesses are req...