Income Tax Articles

Cash transaction in income tax 40Aa(3) vs. 269SS/T vs. 269ST

Posted by CA Chetan Vispute 14 November 2018 133360 Views

https://youtu.be/TImUKdTmoEMSection 269ST:Prohibits receipt of an amount of Rs. 2 lakh or more by a person,In aggregate from a person in a day; orIn respect of ...

Section 2(22)(e) of the Income Tax Act, 1961 - Last word yet to be said

Posted by PRAKASH AGARWAL 13 November 2018 14875 Views

Prakash Agarwal, B.Com (H), FCA, Managing Partner of Agarwal Prakash & Co.,

New ITR IV: 10 new additional reporting requirements

Posted by CA Pradeep Kumar Rajput 10 November 2018 18595 Views

Recently the government has notified the new ITR IV forms for the current year filing. like any other time, this time too the ITR IV comes with the series of ne...

Section 9 : Income deemed to accrue or arise in India

Posted by Saloni Gandhi 08 November 2018 122665 Views

Section 9 of Income Tax Act , 1961The Indian Income-tax Act provides for levy of income-tax on the income of foreign companies and non-residents, but only to ...

Obtain non/lower Tax deduction certificate under Sec 197 for business

Posted by CA. Siva Nagaraju 05 November 2018 10476 Views

The provisions of Income-tax act impose an obligation on customer (i.e., recipient of service) to withhold certain portion of payment as tax deduction at source...

Lesser known Tax deductions which can be saved

Posted by Mridul Arora 31 October 2018 13124 Views

When it comes to tax-saving instruments, many of us stop with the Rs1.5 lakh deduction under Section 80C. But there is a lot more you can do to lower your taxes...

Income tax slab rates for the AY 2018-19

Posted by Susmita Dutta, CA , CPA 31 October 2018 27339 Views

1.Income Tax Rate for Individuals:1(i).Income tax slab rates for Individuals less than 60 years

Cheque dishonoured: A step-by-step guide for legal recourse

Posted by Avinash Jeevan Dsouza 30 October 2018 14173 Views

The dishonour of cheque is a criminal offence and is punishable by imprisonment up to two years or with monetary penalty or with both.Cheques are used in almost...

Triple Taxation under IT Act after introduction of sec 115BBDA

Posted by Manish Harchandani 23 October 2018 16530 Views

The implied policy of the Indian Government is to avoid double taxation on income from same source and DTAAs with various countries are model examples of this p...

Accounting for Interest incomes, accrued and TDS on fixed deposits

Posted by Manjunath M Panchaxarimath 21 October 2018 112319 Views

I am writing this article to spread knowledge on how to account for Interest Income on Fixed Deposits and the Interest Accrued thereon for the year end cases.