Income Tax Articles


Understanding Section 16 and Automating Form 16 Part B Preparation for 100 Employees in FY 2023-24

  Pranab Banerjeepro badge    28 December 2023 at 08:52

Section 16- Standard Deduction, Entertainment Allowance, and Professional Tax: Unraveling the Tax Web with Automatic 100 Employees Form 16 Part B Preparation for the FY 2023-24



Understanding TDS Under Section 195

  CA Rakesh Ishi    27 December 2023 at 10:49

In the realm of cross-border transactions involving payments to non-residents, Tax Deducted at Source (TDS) plays a crucial role, especially under Section 195 of the Income Tax Act. A landmark case shedding light on the application of Section 195 is the Engineering Analysis Centre of Excellence (P) Ltd. vs. Commissioner of Income Tax & Anr. 



What is the process to file Form ITR 5?

  Ishita Ramani    27 December 2023 at 08:56

In this article, we will learn what ITR form 5 is and how to file it.



Guide to Handling Form 16 Part B for 100 Employees in FY 2023-24

  Pranab Banerjeepro badge    23 December 2023 at 14:31

This article guides you through the process, ensuring accuracy, efficiency, and compliance.



Income Tax Raids Net 351 Crore Cash and Expose Alleged Tax Evasion in Liquor Business

  CA Aman Rajput    23 December 2023 at 09:11

A recent press release from the Income Tax Department reveals a major crackdown on a business group operating in Odisha, Jharkhand, and West Bengal.



Decoding Safe Harbour for Intra-Group Loans: New Income Tax Rules Explained

  CA Aman Rajput    21 December 2023 at 07:11

The Central Board of Direct Taxes (CBDT) has recently released the Income-tax (Twenty-Ninth Amendment) Rules, 2023, making significant changes to how intra-group loans are treated for tax purposes.



Automatic Income Tax Arrears Relief Calculator u/s 89(1) and Form 10E for FY 2023-24

  Pranab Banerjeepro badge    18 December 2023 at 07:47

Download Automatic Income Tax Arrears Relief Calculator U/s 89(1) with Form 10E for the FY 2023-24



Jewellery Found During Search Not Abnormal for High Net Worth Individuals

  CA Aman Rajput    16 December 2023 at 08:14

Whether jewellery found during a search at an HNI's premises could be considered unexplained income under section 69A of the Income-tax Act, 1961.



Form 12BB for employees to submit declaration and Investment proof to save their taxes

  Sparsh Wadhwa    15 December 2023 at 09:22

Using Form 12BB, an employee has to declare the investments that they have made during the year. Documentary evidence of these investments and expenses has to be provided at the end of the financial year as well.



Download and Organize Form 16 Part B and Part A&B in Excel for FY 2023-24

  Pranab Banerjeepro badge    15 December 2023 at 09:22

In this article, we will delve into the nitty-gritty of preparing Form 16 Part B and Part A&B in Excel for the Financial Year 2023-24.




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