Income Tax Articles

A Taxing Tale: Aahil and Vivaan Discuss Advance Tax

CA. Bhavik P. Chudasama 08 March 2024 at 12:52

Smart thinking! Advance tax can be a bit tricky, but once you understand it, it's actually a good system.

Types of Taxes: Direct Tax and Indirect Tax

Khush Trivedi 08 March 2024 at 11:38

As we know Indian taxation system which comprises various types of Taxes but let's understand it in broader view let's check out with the word "TAX"

Income Tax For Senior Citizens FY 2023-24

Priya Mulukutla 07 March 2024 at 11:14

There are several benefits in the Income Tax Act available for senior and super senior citizens to claim to reduce their tax burden.

Section 43B(h): Disallowance and Precautions to be taken while making payment to MSMEs before 31st March 2024

CA Bhawna Dua 07 March 2024 at 08:44

A new clause inserted by the Finance Act of 2023 allows deductions made to MSMEs on an actual payment basis instead of an accrual basis if the payment is made within the threshold limit.

Standard Deduction For Salaried Individuals FY 2023-24

Priya Mulukutla 06 March 2024 at 14:21

The standard deduction for salary income in India was abolished in the Finance Act of 2005-06. At that time, the standard deduction was removed as part of the government's efforts to simplify the tax structure.

Form 10F and its Filing Procedure

CA.Sangam Aggarwal 06 March 2024 at 08:41

The CBDT notified Rule 21B prescribing the additional information that is required to be furnished by non-residents along with TRC in prescribing Form-10F.

Home Loan Tax Benefits For FY 2023-24

Priya Mulukutla 05 March 2024 at 15:52

The Income Tax Act has various provisions for an individual to take benefit of and claim deductions for tax purposes. These deductions are an incentive for individuals to make residential real estate purchases.

Income from House Property For FY 2023-24

Khush Trivedi 05 March 2024 at 15:33

Let's dive into one of the heads of Income tax i.e. Income From House property. In this article, you will learn about all Provisions & deductions that falls under the said Head.

Statutory Tax Compliance Tracker - March 2024

CS Lalit Rajput 04 March 2024 at 09:56

Tax Compliance Tracker for the month of March 2024

No Income Tax On Compulsory Acquisition Of Rural Land

CA. Brijesh Baranwal 04 March 2024 at 09:29

The development works in the country are going on all over the country including widening of the existing as well as construction of new roads. For this purpose..