Income Tax Articles

The world beyond Section 80C of Income Tax Act 1961

Posted by CA Mili Shah 23 December 2019 23438 Views

PF, ELSS, LIC, NSC, PPF,SSY, Tuition fee, FD for 5 years, ULIP, Home loan principal repayment, Post office saving scheme etc are the common strike off's in

Section 44AE of The Income Tax Act, 1961

Posted by CA. Atul Khurana 21 December 2019 16295 Views

Section 44AE of The Income Tax Act, 1961Special provision for computing profits and gains of business of plying, hiring or leasing goods carriagesThis section a...

Form 26AS: The easiest way of recalling the TDS amounts deducted during the year

Posted by Ranu Gupta 21 December 2019 8196 Views

With the due date of income tax return filing approaching soon, the taxpayers have started collecting the necessary documents and information. If you are provid...

A Brief about TDS Section - 194M

Posted by Gopi S 18 December 2019 47018 Views

A New section, 194M has been introduced vide finance act, 2019 with regard to Payment of certain sums by certain individuals or Hindu undivided family

Critical Analysis of Issues in Taxation Laws (Amendment) Bill, 2019

Posted by Sujit Talukder 17 December 2019 9320 Views

The Taxation Laws (Amendment) Bill, 2019 which has been passed by the Parliament will replace the Taxation Laws (Amendment) Ordinance, 2019 (the "Ordinance") promulgated by the President on 20th September 2019 to reduce corporate tax rates and enhanced surcharge on certain incomes by amending the Income Tax Act 1961 and Finance (No. 2) Act, 2019. Here is an analysis of the same.

TDS on Payment made to the carrier engaged for road transport

Posted by CA Bikash Gupta 16 December 2019 28265 Views

The assessee-company was engaged in refining crude oil and storing, distributing and selling the petroleum products, The assessee-company required trucks for road transportation of bulk petroleum products from its various storage points to customers or other storage points. It entered into an agreement with another company for the said purpose.

Notified jurisdictional area under section 94A of Income Tax Act

Posted by PUSHP KUMAR SAHU 14 December 2019 6437 Views

In this article, we will understand why section 94A was introduced and what was the need for invoking such provisions under the Income Tax Act,1961.

The Face of Faceless e-Assessments: Artificial Intelligence, Machine Learning & Team Based Scrutiny!!

Posted by Mayank Mohanka 13 December 2019 16303 Views

'Welcome to the New Era of 'Faceless', 'Jurisdiction-less', and hopefully 'Corruption-less' E-assessments.' In this article you will get valuable and informative insights on the difference between e-assessment and regular assessment, the benefits as well as the challenges that e-assesment will face.

TDS on immovable property explained with examples

Posted by PUSHP KUMAR SAHU 09 December 2019 15686 Views

Before coming on the main article, let�s understand why there is a need of invoking such prov

Key Changes in The Taxation Laws (Amendment) Bill, 2019

Posted by Sujit Talukder 09 December 2019 13579 Views

This article discusses the key changes or differences in the provisions in the Taxation Laws (Amendment) Bill, 2019. Let's walk through all the changes.