Income Tax Articles
Change in Method of Valuation of Share for Sec 50CA and 56(2)
There will be a change in Valuation Mechanism relating to valuation of unquoted equity shares for the purposes of section 56 and section 50CA of the Income-tax Act, 1961 as per Draft rules issued by CBDT.
Transactions requiring PAN
PAN (Permanent Account Number) is a 10 digit alphanumeric number, issued by the Income Tax Department, in a card form. It enables the Income Tax Department to l...
Enjoy Diwali with crackers of Income Tax
Arjuna (Fictional Character): Krishna, on this occasion of Diwali festival, if different types of crackers are linked with the provisions of Income Tax then, te...
Quick glance at new sections inserted in IT Act 1961
Quick glance at new sections inserted in IT Act 1961 with examples
Foreign Taxation
Where any payment is to be made to a non resident, the payer is obliged to deduct at source. As per Section 195 of the Income Tax Act, an obligation on the pers...
Waiver of interest charged u/s 201(1A)(i) of the Income Tax Act 1961
Waiver of interest charged u/s 201(1A)(i) of the Income Tax Act 1961
Premature withdrawal of funds from Capital Gains Deposit Account
The Income Tax Act has laid out exemptions under Section 54 and Section 54F to help taxpayers
Battle of Love for Money and Fear of Income Tax - IDS?
Arjuna (Fictional Character): Krishna, nowadays income tax department is conducting survey, raids, etc. almost everywhere. Because of this, confusion is arising...
Restriction on cash transactions
In an attempt to curb black money, FM Arun Jaitley in his budget speech announced some restrictions on cash transactions. Here is a brief on such amendments.
How to Surrender PAN - Practical Approach
It is always a better option to visit the Income Tax department and ensure the surrender process is completed through consultation of respective jurisdiction
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