Income Tax Articles

How Section 194F Impacts Mutual Fund Investment Process in India

Ishita Ramani 05 October 2024 at 08:46

This article provides insights into how Section 194F influences the mutual fund investment procedure, the responsibilities of fund homes, and the effects on investors.

How to Claim the Foreign Tax Credit with Form 67

CA Arun Tiwari 04 October 2024 at 14:40

This guide focuses on Form 67 and helps one get the most from every opportunity that enables one to optimise their tax position.

Tax Audit Due Date Extended: Boon for Taxpayers or an Unneeded Measure?

Sahil Jaiswal 03 October 2024 at 10:30

The extension of tax audit due dates often sparks debate between taxpayers and authorities. Whether it’s seen as a boon or an unnecessary measure largely depends on the perspective and context surrounding the decision.

Income Tax Updates: 6 Budget 2024 Rules Effective 1st October

Chaitra Seetharam 30 September 2024 at 11:27

Finance Minister Nirmala Sitharaman has announced that the Budget 2024 has introduced several significant amendments to the Income Tax Act of 1961, which will come into effect on October 1, 2024.

Chennai's Property Tax Hike: GCC Approves 6% Increase

Niyati 28 September 2024 at 17:38

The Greater Chennai Corporation (GCC) council on 27th September 2024, approved to raise property tax at a rate of 6%.

Important Changes From 1st October 2024 In PPF Rules

Mitali 28 September 2024 at 14:51

PPF is a government scheme in India designed to encourage long-term savings investments.

How to Claim Capital Gain Tax Exemption on Redevelopment Projects?

Chaitra Seetharam 27 September 2024 at 10:45

Section 45 of the Income Tax Act, 1961, provides that any profits or gains arising from the transfer of a capital asset effected in the previous year will be chargeable to income tax under the head 'Capital Gains'.

Income Tax Department's Eye on High-Value Credit Card Transactions

Sahil Jaiswal 27 September 2024 at 10:40

The Income Tax Department of India has been increasingly monitoring high-value credit card transactions as part of its efforts to curb tax evasion and ensure better tax compliance.

Deadline Alert: Income Tax Audit Submission by September 30

Chaitra Seetharam 26 September 2024 at 10:46

Tax audit limit specifies the threshold for businesses and professionals, beyond the limit must get their accounts audited under Section 44AB of the Income Tax Act.

Deemed Dividend: Understanding Section 2(22) of the Income-tax Act, 1961 and Its Implications

Affluence Advisory 26 September 2024 at 08:33

Section 2(22) of the Income-tax Act, 1961 (the Act), deals with Dividends. Sub-clause (e) of section 2 sub-section (22) of the Act includes payments made by a private company by way of advance or loan to a shareholder