Income Tax Articles
Error in drafting Section 87A of Income Tax Act, 1961
CA Tejas Andharia 05 February 2024 at 10:51Most of us would be knowing about and have been claiming a rebate under section 87A of Income Tax Act, 1961. But very few of us would be fully aware about the controversial implications of new drafted proviso (b) to this section which is effective from AY 2024-25. Let's see the Section 87A of Income Tax Act, 1961 first.
Decoding Slump Sale: Merger Implications under Companies Act & Income Tax Act
Priyanshi Garg 05 February 2024 at 08:53Slump Sale means the transfer of one or more undertakings against a lump sum consideration without values being allocated to the individual assets and liabilities.
All about TDS Returns and its Filing Procedure
CA.Sangam Aggarwal
05 February 2024 at 08:53
TDS is required to be deducted by a person for certain payments made by them. Every Assessee who has deducted TDS is required to file TDS Returns. TDS Returns are quarterly statements, which contain the information pertaining to TDS deducted and deposited. It is submitted by person who deducted TDS i.e. TDS deductor.
How to file an appeal before ITAT
CA.Sangam Aggarwal 03 February 2024 at 08:50
Filing an income tax appeal before the Income Tax Appellate Tribunal (ITAT) is a crucial step for taxpayers seeking resolution on disputed tax matters. The relevant section that governs the filing of an appeal before the ITAT is Section 253 of the Income Tax Act. Here's an overview of Section 253:
Powers of the CIT(A) Limited to AO's Scope under Section 251 of Income Tax Act
Vivek Jalan 03 February 2024 at 08:50
Powers of the CIT(A), of enhancement under section 251 of Income Tax Act is restricted to the matter dealt with by the AO
Budget 2024: Income Tax Slabs Rates for AY 2025-26 and Other Updates
Sparsh Wadhwa 02 February 2024 at 08:58Finance Minister Nirmala Sitharaman today on February 1 presented the Union Budget 2024 inside the Lok Sabha. No changes have been introduced in the tax slabs in old and new tax regimes.
Analysis on New Clause (H) of Section 43B of the Income tax Act, 1961
CA. Nirmeet Shah 02 February 2024 at 08:58The Finance Bill 2023 has introduced a significant amendment to the Income Tax Act, 1961, relating to Micro and Small Enterprises (MSMEs) which is applicable from 1st of April, 2023.
Treatment of Shares Premium received by closely held company on issue of shares
CA.Sangam Aggarwal 31 January 2024 at 08:51
Before understanding the tax treatment of premium received by closely held company on issue of shares under section 56(2)(viib) of Income Tax Act, 1967 lets discuss the problem before introduction of this section with the help of example.
How to respond to Income tax notices of non-filing of ITR of previous years?
Sparsh Wadhwa 31 January 2024 at 08:51In this article, we can discover the reasons for receiving those notices, the capability results, and the steps people can take to deal with the scenario.
All you need to know about Section 194F of the Income Tax Act
Ishita Ramani 30 January 2024 at 14:22This article aims to provide a comprehensive understanding of Section 194F and its implications for taxpayers.
Popular Articles
- Respected When Needed, Targeted When Convenient - The CA's Dilemma
- How to Clear CA Exams on Your First Attempt: Tips and Strategies
- Assessments under GST
- Few Important Changes in the Proposed Income Tax Bill
- CBDT Circular 07/2025: Extended Deadline for Processing Condoned ITRs Where Refund Not Received
- Women Now Make Up Over 30% of ICAI's Total Membership
- Supreme Court Ruling Warns Homebuyers: Registration Is Not Ownership
- Key Statutory Compliance Areas to Cover in a Statutory Audit
Trending Online Classes
CAclubindia
