Income Tax Articles

TDS Provisions under Income Tax Act, 1961

Posted by SIDDARTH AGARWAL 14 May 2019 9279 Views

TDS PROVISIONS UNDER INCOME TAX LAW WHAT IS TDS AND PURPOSE OF ITS INTRODUCTION TDS is abbreviated for tax deducted at source which was introduced to collect t...

Leave Travel Allowance Exemption and Tax liability

Posted by VISHAL BANSAL 14 May 2019 5074 Views

Introduction-Leave Travel Allowance is given to employee by his employer to cover his travelling expenses when he goes on vacations. Exemption is available for ...

How to file revise TDS return

Posted by Komal 12 May 2019 8903 Views

I am a CA Final Student and after posting Step by Step Procedure of filing TDS Return, I have been receiving lots of messages and comments and most of them are...

Eight ways to save Income Tax

Posted by VISHAL BANSAL 11 May 2019 14868 Views

See the related post : Comparison between different investment plansSaving Income tax by investing money in smart way is the need of every tax payer. Here are t...

Freelancers can deduct these expenses to cut tax outgo

Posted by Anand Krishnakumar 11 May 2019 2229 Views

Under income tax law, freelancers are considered self-employed. Hence, income earned by freelancers is tax

Best Investment Plan for Senior Citizens

Posted by VISHAL BANSAL 07 May 2019 10805 Views

Which is the best investment scheme for a Senior Citizen so that he can meet his monthly hou

TDS on payment of rent more than Rs. 50,000 per month by individuals/HUFs

Posted by CA. Brijesh Baranwal 07 May 2019 15318 Views

EXISTING LAWThere is an existing provision for deduction of TDS (deduction of tax at source) under section 194-I in the Income Tax Act, 1961 for individuals/HUF...

Demand u/s 143(1) by IT Dept & rectification thereof u/s 154

Posted by CA. Brijesh Baranwal 04 May 2019 7545 Views

Income Tax Return filing season for certain class of assessees including individuals not falling under tax audit provisions has just been over and by now the In...

Compliance calendar for the month of May 2019

Posted by CS Lalit Rajput 01 May 2019 36744 Views

This article contains various Compliance requirements under Statutory Laws. Compliance means 'adhering to rules and regulations.' Compliances under:1. Complianc...

Reasons for Notice from Income Tax Department

Posted by CA. Brijesh Baranwal 30 April 2019 19680 Views

One of the biggest worries of income taxpayers is getting a notice from the Income Tax Department. The Department issues notices under various provisions of the...