Income Tax Articles

Benefits and Procedure for Registration u/s 80G of the Income Tax Act'1961

Posted by Tarun Kumar Madaan 10 June 2018 15965 Views

We have already discussed 'Benefits of Registration u/s 12A of the Income Tax Act' 1961' and 'Step by Step Procedure for Registration u/s

Filing income tax returns for Residents and Non resident Indians

Posted by CA. Brijesh Baranwal 07 June 2018 11780 Views

Government of India needs money for its expenses and development activities which is collected in the form of taxes and Income Tax is probably the biggest sourc...

Evolution of Direct Tax code in India

Posted by Kartikey Jain 06 June 2018 8072 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...

Step by Step Procedure for Registration u/s 12A of the Income Tax Act'1961

Posted by Tarun Kumar Madaan 06 June 2018 25588 Views

After sharing the last two articles 'Concept of NGO and Income Tax Provisions' and �Benefits of Registration u/s 12A of the Income Tax Act�1

Benami Transactions Informants Reward Scheme 2018

Posted by Hitesh 05 June 2018 9828 Views

The central board of direct taxes(CBDT) has introduced the reward scheme for informants giving information of

Gift Taxability Under Section 56 2(VII)

Posted by CA Sahil Thakral 05 June 2018 40887 Views

GIFT- In India for an individual and HUF Gift is a very common in Income tax term but to avoid the tax evader Government has made some provision related to this...

Penal Provisions u/s 270A - Important conceptual divergence from earlier penalty provisions u/s 271(1)(c)

Posted by Prajjwal Kaushik 05 June 2018 9663 Views

The Hon�ble Finance Minister introduced the new penal provisions u/s 270A by justifying that it will lead to a reduction in disputes between taxpayers and

Benefits of Registration u/s 12A of the Income Tax Act' 1961

Posted by Tarun Kumar Madaan 04 June 2018 12078 Views

In my last article I have discussed �Concept of NGO and Income Tax Provisions�. In that article we have discussed the formation of NGO, Procedure fo

Residential Status - Am I Resident or Non-Resident?

Posted by Hardik Lashkari 30 May 2018 15011 Views

Non-understanding of correct residential status creates a high buzz for persons residing outside India or the persons visiting foreign for most of the year.