Income Tax Articles

New procedure to file TDS returns online w.ef. 01.05.16

CA. Ankit Chandrakar 10 May 2016 at 11:02

NEW PROCEDURE TO FILE TDS RETURNS ONLINE W.E.F. 01.05.16 REGISTRATION WITH EFILING WEBSITE � FOR TDS RETURN Log into �TRACES� with the details of the assessee whose return is to be filed. Click at �Register for E-filing�

Understanding turnover exemption u/s 10A of the IT act, 1961

Manish Kumar Agarwal 05 May 2016 at 10:54

In respect of claim of exemption u/s 10A, 10AA & 10B, still there is lot of confusion is there between taxpayer and the tax officer. Given below chart based on the latest judicial pronouncement will help to reduce such confusion. SN

All about Capital Gains

CA CMA CS Ram Pavan Kumar Melam 05 May 2016 at 10:54

Capital gains was first introduced in 1946 and was in operation only for a short period, that is, in respect of capital gains which arose during the period from 1st April, 1946 to 31st March, 1948. Later it was modified and reintroduced for the purpo

The nightmare called 194-IA

ROHIT 02 May 2016 at 10:34

Most of the people who were happy and proud with their achievement of buying their own house in the recent past are now sleepless, thanks to the provision, called Section 194-IA of the Income Tax Act 1961.Some people even came upto me to explain thei

All about Form 15G/15H

CA Prateek Garg 02 May 2016 at 10:33

BACKGROUND�Chapter XVII � Collection and Recovery of Tax� of Income Tax Act 1961 provides for the various provisions related to deduction of tax at source. These provisions work as a tax collection mechanism. Apart from upfront coll

Income Tax Provision for Doctors

CA MOHIT SINGHAL 25 April 2016 at 15:15

Among the busiest of professionals, doctors have little time to learn about the latest tax law. Tax planning is often neglected in the crush of other obligations. Being India�s Top 10s income earners, they have need to give more attention to th

How to maintain safe distance from the IT department !!

ROHIT 23 April 2016 at 11:59

Do you want to keep an Arm�s Length Distance from the Income Tax Department?Obviously the Answer is YES !!! But the question here is HOW ???Here are a list of expenses/ investments, which at any point of time performed by you may invite undue a

Section 115JB of the income tax act

MANSHI BAID 21 April 2016 at 11:05

SECTION 115JB OF INCOME TAX ACT, 1961 SPECIAL PROVISION FOR PAYMENT OF TAX BY CERTAIN COMPANIES (AFTER BUDGET 2016) This section is nothing but the Minimum Tax that a company is required to pay. This section provides that in case the tax payable by a

Highlights of Section 194IA

CA Rohan jain 18 April 2016 at 16:47

Highlights of Section 194-IA (TDS On Sale/Purchase of IMMOVABLE PROPERTY)Crux :1.As per Finance Act of 2013, TDS is applicable on transfer of any Immovable Property(other than agricultural land), wherein the consideration of the property exceeds or i

Understanding tds on purchase of immovable property

Abhishek Ranjan Singh 18 April 2016 at 11:52

Understanding of Notice, Penalty, Late fees and Interest on TDS for Purchase of Immovable PropertyAs per Finance Act of 2013, TDS is applicable on transfer of Immovable property, wherein the consideration of the property exceed