Income Tax Articles

Burden of TCS on sale or purchase in cash?

Posted by CA Umesh Sharma 25 December 2016 14098 Views

Arjuna (Fictional Character): Krishna, the government has brought the provision of TCS (Tax Collected at Source) on sale of every product or service in income t...

A detailed guidance on disclosing income under Pradhan Mantri Garib Kalyan Yojna

Posted by CA. YASH DILIPBHAI HARIYANI 24 December 2016 11518 Views

A detailed Guidance on disclosing income under Pradhan Mantri Garib Kalyan Yojna (more popularly known as Income Disclosure Scheme - II)

Welcome clarification from Govt for TCS on cash sales

Posted by Rani Jain 24 December 2016 4380 Views

It's wonderful to have clarification vide circular no. 23/20169 dt. 24th June, 20016 from Government. Government had clarified liability to collect Tax a

All about MAT and AMT

Posted by Koushik D C 22 December 2016 12844 Views

For the purpose of better and clear understanding of MAT and AMT, I have made the comparison of various related provisions

Gearing up for income tax returns filing

Posted by CA. Brijesh Baranwal 22 December 2016 11880 Views

Gear up and file your income tax return without waiting for the last day as events during that time might force you to miss the deadline.

Digital and Cashless Economy : A New Way of Life after demonetization

Posted by Guest 20 December 2016 4321 Views

Digital and Cashless Economy : A New Way of Life after demonetization

Effect of demonetization and Benami property transaction act, 1988

Posted by CA Amrita Chattopadhyay 19 December 2016 3172 Views

It is important to understand the Benami Property Transaction Act along with the Income Tax Act to understand the impact of depositing the undisclosed income.

Online filing of Form 15G/ 15H

Posted by CA Anshu Agarwal 18 December 2016 18405 Views

Recently last dates for e-filing of form 15G / 15H have been notified. Some basics are discussed here in that regard.

Child worried about education. Parents worried about its taxation

Posted by CA Umesh Sharma 18 December 2016 3182 Views

Now-a-days it is not clear that whether education has become a business or business has become education. Therefore parents should not go only on the appearance and evaluate the actual conditions and then select the school and college.