Income Tax Articles

Expenditures qualifying as deduction in ITR

Posted by Kartikey Jain 17 December 2018 11410 Views

Forgot to make tax-saving investments before 31st March? Here are some expenditures which also qualify as deductions in IT returnsYou must have seen people stru...

Key IT amendments applicable for AY 2018-19

Posted by CA Sachin Agarwal 16 December 2018 19537 Views

The tax rate for slab of income from Rs.2,50,001/- to Rs.5,00,000/- is reduced to 5% - (It was 10% for A.Y. 17-18). Further there is no any changes regarding t...

Vital points for AY 2018-19 return filing

Posted by Dipanshu arora 15 December 2018 11989 Views

The Countdown has begun, we all are engaged with the process of finalizing the books of accounts for the financial year 2017-18, and after that representation o...

Presumptive Taxation - Likely to get tedious due to TDS

Posted by Sundararajan S 15 December 2018 15447 Views

8th November 2016, a remarkable day in Indian history. Demonetisation was made by ordinance. Many e-payment methods emerged. Getting new currency was a Himalaya...

Dividend Stripping and Bonus Stripping

Posted by Vaishali Jain 12 December 2018 15097 Views

Dividend Stripping: - Sec-94(7) of the Income Tax Act � 1961, deals with the provisions related to the dividend stripping. �What does �divid

Key changes in ITR-1 for the AY 2018-19

Posted by B Vinay Reddy 12 December 2018 63129 Views

ITR forms have been made available for filing on both Online and Java/excel utility.

Interest on Payments Default u/s 201(1A)

Posted by Avinash Jeevan Dsouza 10 December 2018 13595 Views

Section 220(2) of the Income Tax Act consists of provisions for late payment of demand of tax, interest and penalty. This article seeks to explore its various p...

All you need to know about Equalisation Levy

Posted by Vaishali Jain 08 December 2018 10986 Views

Equalisation Levy was introduced in India in the year, 2016 {vide notification no. 37/2016: F.NO. 370142/12/2016-TPL} with an intent to tax the Business to Busi...

10 key changes in IT returns for AY 2018-19

Posted by Kartikey Jain 06 December 2018 74272 Views

It is already the start of the Returns filing season. Several changes were made by the Finance Act 2017 which will be applicable in the returns which will be fi...

Taxation of Gifts received or specified assets purchased by a person

Posted by Vaishali Jain 05 December 2018 13068 Views

This article is all about the taxability of gifts received or specified assets purchased by any person. Situation prior to Finance Act-2017: Prior to Financ...