Income Tax Articles

Treatment of Notional Loss on account of Mark-to-Market

Posted by Suresh Thiyagarajan 22 October 2019 51794 Views

Before going into the concept of notional loss arising out of Mark-to-Market on forward contract, let's brush up some important basic definitions relating to the above treatment.

Did You Invest in These Plans While Saving Tax This Year?

Posted by Guest 21 October 2019 6946 Views

Each and everyone one of us thrives hard to earn money, and we struggle much more to keep that money safe. We look for every nook to try and save even a single ...

Employers and Employees Beware! Changes in Form 16

Posted by CA Umesh Sharma 19 October 2019 13360 Views

Arjuna(Fictional Character) : Krishna, new format of Form 16 has been notified by CBDT, please throw some light on the same?

TDS on Personal Rent u/s 194-IB

Posted by Rishi Jhajharia 19 October 2019 36299 Views

Applicability For those small business which are not liable for tax audit u/s 44ab Personal rent of house for salaried individual claiming HRARate of TDS 5% ex...

Deduction in respect of donations to certain funds u/s 80G

Posted by FCS Deepak Pratap Singh 19 October 2019 7710 Views

The Government has done a lot to remove income d

15 Important Changes in New ITR Forms for F.Y. 2018-19

Posted by CA Umesh Sharma 13 October 2019 18422 Views

Arjuna(Fictional Character) : Krishna, new ITR forms have been notified by CBDT, what is your view on that?

Place of Effective Management in India - A Detailed Analysis

Posted by Sneha Lad 13 October 2019 7495 Views

The term 'Place of Effective Management' (POEM) had already been in existence in the Income Tax Act, 1961 ('The Act') for the purpose of application of special provisions for taxing shipping

Changes in ITR Forms for the A.Y. 2019-2020

Posted by CS Piyush Jain 13 October 2019 9559 Views

1. *If the taxpayer is a director in a company* at any time during the tax year, following details need to be furnis

MAT Credit Clarification issued by CBDT on opting for 22% corporate tax

Posted by Vishal Jain 04 October 2019 32297 Views

The Central Board of Income taxes, vide Circular No. 29/2019 dated 2nd October 2019 have issued clarification on the usability of the Minimum Alternate Taxes (MAT), subsequent to the issue of the Taxation Laws (Amendment) Ordinance, 2019.

How to use HRA for tax planning this year?

Posted by Sagar Devani 03 October 2019 16084 Views

House Rent Allowance also popularly referred to as HRA is a special allowance granted by employer to his employee to meet his house expenses (i.e. basically his...