Income Tax Articles

TDS on Hotel Accommodation

Posted by Ashish Bansal 14 June 2025 573154 Views

There are lots of questions related to TDS deduction on Rent. Though section 194I of Income Tax Act, specifically defines the situations where tds would be appl...

Taxability of Grant, Subsidy or Any Assistance

Posted by CA Girija M Singh 15 June 2019 63680 Views

Introduction 1. Often we hear that fate of our country, India, lies in the growth of its economy. Indian government in order to promote the growth of industr...

Allowance of Deduction of Interest for Income from House Property

Posted by Ashish Bansal 12 June 2019 14407 Views

There are various questions on the allowability of interest on loan paid for House Property like How much deduction of interest will be allowed from House Prope...

Procedural Parts relating to TDS

Posted by Nitesh bind 11 June 2019 10347 Views

In the last part of this summary, we have learned about the basic meaning of TDS, some concepts which were very useful and commonly applied on all sections, and...

All about Sukanya Samriddhi Account

Posted by Nitesh bind 11 June 2019 11922 Views

The Central Govt. launched the 'Sukanya Samriddhi Account' programme in January 2015 with an objective to promote the welfare of girl child. It is a sma

Advance Tax Payments: Due Dates and Interest on Late Payment

Posted by VISHAL BANSAL 11 June 2019 14543 Views

What is Advance Tax?Advance Income Tax means to pay your yearly income tax liability in installments. It reduces the excess burden of assessee�s at the en

Benami Transactions Act complete overview including amendments

Posted by Nitesh bind 10 June 2019 11585 Views

Recently, Govt. has introduced a law which has given a sudden jolt to the real estate sector. But the fact is, it is not only the real estate sector which would...

A quick complete summary on TDS

Posted by Nitesh bind 08 June 2019 53439 Views

In some manner, all of us must have somehow come across the Tax Deductions, be it on Salary, on Fees or any other kind of payments. But people are very less awa...

What is Net Loss? Is Tax Audit Compulsory in case of Loss ?

Posted by Soumya Laha 06 June 2019 135179 Views

What is Loss or Net Loss?Generally we know that if Expenses is more than Income, then there Loss occurs. It means,Expenses - Income = Loss (Expense > Income)