Income Tax Articles

An overview and understanding of Section 269ST on cash deposits

Posted by Ramadurai Chandrasekaran 24 March 2018 47794 Views

Onus shifted from payer to recipient of cash

Rationalisation of ITO powers

Posted by Ramadurai Chandrasekaran 24 March 2018 10204 Views

Amendment is a legislation of Judicial precedents

Income Tax Department ask assessee to update their information

Posted by Ashiwini Ballodia 24 March 2018 43389 Views

Income Tax Department ask assessee to update their information

Draft notification by CBDT for another compliance on self reporting of income

Posted by CA Priyanka Kushwaha 19 March 2018 15090 Views

CBDT has proposed to introduce a mechanism of self-reporting of income estimates, advance tax liability and payment thereof. CBDT has published draft notificati...

44ADA: Special provision for computing profits and gains of Profession

Posted by Ashiwini Ballodia 11 March 2018 20946 Views

44ADA: Special provision for computing profits and gains of profession on presumptive basis

Tax audit not applicable for Turnover less than 1 crore

Posted by Naman Shrimal 06 March 2018 31907 Views

Due to amendment in Finance Act, 2016, applicability of Tax audit in cases where turnover < 1 crore and net profit < 8%, tax audit is not applicable

Sample Disclosure as per ICDS

Posted by Naman Shrimal 08 October 2020 49366 Views

Sample Disclosure as per Income Computation and Disclosure Standards for reporting in Tax Audit report for FY 2016-17.

Real Estate Development Agreements, Share Valuation & Charitable Trusts : Recent Tax Amendments

Posted by CA Vipin Garg 04 March 2018 13879 Views

1. Taxation of Capital Asset under Development Agreement with Builder - In recent past, it has quite been a trend that individual plot/house owners enter in