Income Tax Articles

How to easily calculate tax on Shares and Mutual Funds

Posted by CA Sandeep Bhatnagar 02 November 2019 13473 Views

In order to incentivize the equity markets Government has given various sops to this sector. Under Section 10(38) of Income Tax Act, exemption to long term capi...

Taxation of Artists, Entertainers and Sports persons

Posted by CA Arun Valera 02 November 2019 24987 Views

Ever wondered, when Virat Kohli hits centuries on cricket grounds situated outside India, which country shall have right to tax his income arising from such pla...

Receipt of Salary in Arrears and Relief u/s 89

Posted by Vikas Sharma 02 November 2019 12562 Views

Sometimes you may have received a portion of your salary in arrears or in advance, or you may have received a portion of your family pension in arrears or in a...

Whether EPF withdrawal attracts Taxes?

Posted by Vikas Sharma 31 October 2019 20062 Views

The Employee Provident Fund (EPF) is an investment and more beneficial scheme enacted by the Government in the common interest of employees. In this scheme, the...

Secondary Adjustment - Section 92CE & Rule 10CB

Posted by CA Pratik Bhavsar 29 October 2019 7586 Views

Transfer pricing provisions seek to ensure that there is fair and equitable allocation of taxable profits amongst the tax jurisdictions. In cases where the unde...

About 80JJAA: Deduction in respect of employment of new employees

Posted by Rishi Jhajharia 27 October 2019 16903 Views

Eligible assessee: Any assessee engaged in business and liable for tax audit u/s 44abDeduction: 30% of Additional employee cost for 3 consecutive yearsMeaning o...

New Clauses 31(ba) to (bd) inserted in Form 3CD

Posted by CA Shail Thakkar 23 October 2019 33788 Views

Details regarding newly inserted Clauses 31 (ba) to (bd) in Form 3CD by IT (Eighth Amdt.) Rules, 2018.Reporting to be done is as follows:31 (ba) Particulars of ...

Agricultural Income in India: Questions & Answers

Posted by Guest 23 October 2019 22422 Views

Agricultural income in India is categorised as a source of income and includes: income from sources that comprise agricultural land, income from buildings on o...

New Form 16: Important changes in Form 16 you must know

Posted by Ranu Gupta 23 October 2019 16204 Views

The Form 16 format has been revised by the Central Board of Direct Taxes (CBDT) and is applicable from 12th of May. The format specified in the notification com...

Consequences of non-filing and non-payment of Income Tax

Posted by Pratik Rathi 22 October 2019 9571 Views

Indian Tax structure is very much understandable, but confusions arise in the minds of the people due to many reasons. Lack of information and awareness are th...