Income Tax Articles

Form 67 and Foreign Tax Credit: Balancing Compliance and Rights in Indian Tax Law

CA Dipak Dama 10 August 2024 at 08:36

In the more and more globalized economy, many Indian earns income from foreign sources, which can be taxed both in the country of origin and in India, leading to double taxation.

Key Points on RBI's Announcement: Hike in UPI Limit for Tax Payments

Sachin 09 August 2024 at 06:43

The Reserve Bank of India (RBI) has raised the transaction limit for tax payments through UPI from Rs 1 lakh to Rs 5 lakh per transaction.

Automatic Income Tax Software for Non-Govt Employees as per New Tax Slab for FY 2024-25

Pranab Banerjee 09 August 2024 at 06:43

Download Automatic Income Tax Preparation Excel-Based Software All in One for the Non-Govt Employees as per New Tax Slab for the FY 2024-25

Statutory Tax Compliance Tracker - August 2024

CS Lalit Rajput 07 August 2024 at 14:35

Statutory Tax Compliance Tracker for the m/o August 2024

Filing Income Tax Return for 2-3 years at once: ITR-U explained

CA Aditya Tulsyan 07 August 2024 at 08:42

Filing income tax returns for 2-3 years back is not very common, but some people need to do it for various reasons, such as visa applications, university admissions, job applications, etc.

Relief for Home Buyers: Key Points on the Finance Bill and Budget Proposals

Sachin 07 August 2024 at 08:37

This article lists the developments that are crucial for home buyers as they navigate the evolving tax landscape and plan for potential financial impacts.

Big Relief for Taxpayers: Budget 2024 Proposes New Section 128A to Waive GST Interest and Penalties

CA Umesh Sharma 05 August 2024 at 14:05

The Hon'ble Finance Minister has recently presented the budget for 2024, which has brought about many proposals of changes in the Tax laws, there have been talks about the proposed insertion of a new section, Section 128A, in the GST laws.

Expert Analysis: How Recent Income Tax Cases Are Shaping the Future of Taxation

CA Dipak Dama 05 August 2024 at 08:38

This article comprises of case law summaries from various ITAT benches that highlight crucial aspects of income tax litigation, emphasizing the importance of evidence, documentation, and adherence to statutory provisions.

Budget 2024 & Individual Taxpayers

FCS Deepak Pratap Singh 03 August 2024 at 14:12

BUDGET-2024 & INDIVIDUAL TAXPAYERS Dear Friends, As you are aware that every year Central Government put its “Statement of Income & Expenditure&rd

Taxation of Alternative Investment Funds (AIFs) - Category I and II

Affluence Advisory 03 August 2024 at 08:48

Introduction· Alternative Investment Funds (AIFs of Funds) are an investment pooling vehicle that invests in various financial instruments. Such inves