Income Tax Articles
Demystifing angel tax for startups
Angel tax was introduced by the UPA government finance minister, Pranab Mukherjee, in 2012 to fight against money laundering. Startups are majorly funded by fri...
How to form a non-profit organization- Trust/Society/Section 8 company
Charity means giving something to those in needs without expectation or wanting something back in return. It is doing something good to others without expectati...
Important points under the Banning of Unregulated Deposit Schemes Ordinance, 2019
The Govt passed the Ordinance on 21st Feb, 2019 to ban unregulated deposits. Ma
Assessment of Partnership Firms under income tax act,1961
Assessment of Partnership Firms under income tax act,1961 In this article we will deal with the assessment of firms with one brief example,First question is Wha...
Case Study on Foreign Tax Credit : Exemption or Deduction?
Who doesn't like to save taxes? Or who wouldn't like to stay in a tax haven where you don't need to pay any taxes on income?
Do I Get Tax Benefits For Buying Health Insurance?
It is imperative to get adequate medical insurance cover even before planning to save for one's goals. What's more, the premium paid also provides tax b
Google Tax : Equilisation levy introduced by Finance Act, 2016
INTRODUCTION The last two decades have witnessed momentous change in technology. The entire globe has been moving towards digitization in a lightening speed. Th...
Filing of Income Tax regular return, Loss Return and Revised Return
Let's begin with a small story, there is one person named Mr. Sham residing at Pune, he is having a Raw house of around 5000 square feet, he constructed t
Income Tax exemption upto Rs 5 lac: All you want to know?
The announcement made by the Finance Minister (FM) of no tax liability for income upto Rs. 5 lakhs created euphoria initially. This most beneficial proposal i...
Taxation of Gifts under Income Tax Act, 1961
BACKGROUNDGifts have always been a topic of hot discussion as far as income tax laws in India are concerned. We have experienced a lot of changes in taxability ...
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