Income Tax Articles

Related party transactions, whether related?

Posted by PRABHAKAR KS 29 July 2018 8256 Views

Synopsis To run a business and make adequate tax planning, an assessee and entities may require entering into a number of transactions with outsiders as well as...

Tax Planning for Salary and Small Income Group

Posted by CA PRADEEPTA & Ms. PRARTHANA, 24 July 2018 16712 Views

Every year towards the last quarter of the financial year mostly individual assesse run from pillar to post to make sure they have availed all the options available with them to reduce their tax liability.

Analysis of Section 10(10CC) whether beneficial?

Posted by Rohit jain 16 July 2018 87191 Views

Increasing globalization has increased the employment opportunities round the globe. Presently, the increase in the number of expatriate employees in India is q...

History & Evolution of Income Tax Act in India

Posted by Tarun Kumar Madaan 16 July 2018 12003 Views

In India, the system of direct taxation as it is known today has been in force in one form or another even from ancient times. In this article, we are discussin...

Capital gains exemption u/s 54EC of Income tax Act, 1961

Posted by Amit Bajaj 11 July 2018 240707 Views

Section 54EC of Income Tax Act, 1961 provides an option to save tax on capital gain arising from the transfer of long-term capital asset subject to fulfillment of certain conditions. Provisions of section 54EC are being discussed herein below for the be

Practical aspects of Section 194 IA and Section 195 of the Act

Posted by CA Mehul Thakker 10 July 2018 38499 Views

In this article we will be touching upon the provisions of the Income Tax Act, 1961 relating to TDS in case of purchase of Immovable property.Moving forward, th...

Important provisions relating to cash transactions under the Income tax act, 1961

Posted by CA SATISH KUMAR N 10 July 2018 37161 Views

To evade black money and to discourage cash transactions, the Government of India is taking various steps time to time. In this regard, the Income Tax Act, 1961...

Tax Saving options other than deductions u/s 80C for the A.Y 2018-19

Posted by Tarun Kumar Madaan 08 July 2018 31490 Views

It is the high time of the year when taxpayers are looking for the options to save their income tax liability. Since they have to make the investment before 31s...

What is BEPS?

Posted by Nirmal Beniwal 08 July 2018 17342 Views

Introduction: BEPS is acronym for Base Erosion and Profit Shifting. Base erosion and profit shifting (BEPS) refers to tax avoidance strategies that

How to apply for E-PAN for Instant PAN with Aadhar Card?

Posted by Prajjwal Kaushik 06 July 2018 23576 Views

We will discuss everything about this new and fast PAN allotment service provided by ITD. The new e-pan will be a digitally signed electronic format of the PAN card issued by the department.