Income Tax Articles

Cash transaction that Income Tax department frowns upon!

Posted by Rinav Ashok Khakhar 03 October 2019 19980 Views

In a bid to implement the government's mission to make India a cashless or less cash country and weed out corruption, the Income Tax Department has again

Dandiya between corporates taxpayers

Posted by CA Umesh Sharma 01 October 2019 9244 Views

Dandiya between corporates taxpayers, enjoy it

Taxation of political parties

Posted by CA Himanshu Gandotra 01 October 2019 14153 Views

IntroductionLok Sabha Elections are on the way. This may sound a trending topic these days to discuss the various sources of income and relative taxation of suc...

Brief Study of Section 269ST on cash receipts

Posted by CA. Pushp Kumar Sahu 29 September 2019 42045 Views

In this article we will understand why section 269ST is introduced and what is the need of invoking such pr

Significant economic presence - The game changer for international taxation

Posted by Atishay Jain 29 September 2019 6336 Views

The concept of Significant Economic Presence (�SEP�) was introduced in the Income-Tax Act, 1961 (�the Act�) from April 1, 2018 i.e. A.Y.

Double Taxation Avoidance Agreements

Posted by Swapnil Pradhan 29 September 2019 8988 Views

In the present age of cross-border transactions across the globe, the effect of taxation is one of the important considerations for any trade and investment dec...

Taxation of LTCG on Shares - Analysis of Provision and Calculations

Posted by Subramani 28 September 2019 12308 Views

The Government has re-introduced the tax on transfer of long-term capital assets (LTCA) being Equity shares / Equity oriented Mutual fund units / Business trust...

Pointers of the Ordinance passed to reduce corporate tax to 22%

Posted by Naman Shrimal 27 September 2019 19304 Views

An ordinance has been passed to reduce the corporate tax rate to 22% + surcharge and cess to provide relief to business entities. Businesses have welcomed this slashing of tax rates as a promising step by the Govt. in helping the economy.

All About Leave Encashment: Taxation & Calculation

Posted by Naresh Kansala 26 September 2019 16560 Views

1. The concept of Leave Encashment Every salaried employee per labor law is eligible to avail some Earned leaves during his/her working period

How to check scrutiny risk in Tax Audit Report ?

Posted by CA Umesh Sharma 26 September 2019 19560 Views

The taxpayer should take due care while filing Income Tax returns. Tax audit is applicable to taxpayers whose turnover exceeds Rs. 1 Crore and for sec 44AD/44ADA presumptive taxation it is Rs. 2 Crore. For professionals it's Rs. 50 Lakhs. Now, e-assessment is also in process by Income Tax Department, while filing ITR and Tax Audit Report.