Income Tax Articles

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

Posted by Avinash Jeevan Dsouza 10 December 2018 13599 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 11013 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 74284 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 13090 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...

Registration of charitable trusts u/s 12A of the IT act, 1961

Posted by CA SATISH KUMAR N 05 December 2018 67676 Views

Section 12A registration under the Income Tax Act, 1961 is one time exemption obtained by most Trusts, soon after incorporation for exemption from paying income...

Dividend Stripping and Bonus Stripping

Posted by Vaishali Jain 12 December 2018 15119 Views

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

How to surrender PAN?

Posted by CA Chetan Vispute 04 December 2018 25483 Views

https://youtu.be/McxUdIDrI0wProcess to surrender PAN?Offline Process to Surrender Duplicate PAN card: Step 1:Fill up Form 49A for Change or Correction in PAN, ...

Evolution of Direct Tax code in India

Posted by Kartikey Jain 06 June 2018 8097 Views

The Direct Taxes Code (DTC) is an attempt by the Government of India to simplify the direct tax laws in India. DTC will revise, consolidate and simplify the str...