Income Tax Articles
New Rules on Tax Case for Re-openings and Re-assessments
Mitali 25 July 2024 at 12:41In Budget 2024, FM has simplified the provisions for reopening and reassessment to reduce tax uncertainty and disputes, providing relief to taxpayers.
A Brief Discussion on the Proposed Chapter XIVB of Income-tax Act, 1961
Anumanchipalli Sathikonda 24 July 2024 at 08:32A BRIEF DISCUSSION ON THE PROPOSED NEW CHAPTER XIV-B IN THE FINANCE BILL
Changes in Slab Rate For FY 2024-25 and AY 2025-26
Mitali 23 July 2024 at 14:09Income tax slabs are the categories of income levels that determine the rate at which income tax is charged for the applicable financial year (FY) and assessment year (AY).
What if ITR is not Filed before 31st July 2024?
CA Umesh Sharma
22 July 2024 at 14:05
Due date for filing of Income Tax Return for Individuals is 31st July, but still, many people around the nation have not filed their Income Tax Return. What are the implications of not filing the ITR on time?
Rectify Mistakes of Your Unverified ITR Without Filing Revised ITR
Mitali 22 July 2024 at 14:02Filing an income tax return requires a careful and detailed process. But despite of our best efforts, mistakes happen.
Suggestion to Permanently Change ITR Filing Due Date to 31st August
Mitali 22 July 2024 at 11:54Suggestion to permanently change the deadline has been given by the taxpayers as they are facing difficulty in accessing Form 26AS and AIS. Due to technical issues on the Income Tax Portal, there is an increasing demand to extend the ITR filing deadline from July 31, 2024, to August 31, 2024.
![Payment of Tax Liability by Transferee of Transferor in an agreement of amalgamation is of capital nature [Bombay HC]](/img/previewthumb/paidnfree/Feb_6.jpg "Payment of Tax Liability by Transferee of Transferor in an agreement of amalgamation is of capital nature [Bombay HC]")
Payment of Tax Liability by Transferee of Transferor in an agreement of amalgamation is of capital nature [Bombay HC]
FCS Deepak Pratap Singh 22 July 2024 at 08:29In the instant case, evidently, the tax liability discharged by the assessee was in pursuance of the agreement with the transferor for taking over the business and was a part of the consideration for the transfer.
Slump Sale - Section 50B of Income Tax Act 1961
J. D. Shah Associates 19 July 2024 at 08:33What is a Slump Sale?According to Section 2(42C) of the Income Tax Act, 1961, a ‘slump sale’ refers to the transfer of one or more undertakings as a
Cryptocurrency and Taxes: Reporting Your Gains in the ITR
CA Prateek Agarwal 19 July 2024 at 08:28This article outlines how to effectively report your cryptocurrency gains and ensure compliance with tax regulations.
New Changes in Section 87A Rebate Post-July 2024
Mitali 17 July 2024 at 17:22Recent change in ITR utility for rebate u/s 87A has caused confusion and concerns among taxpayers and professionals.
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