Income Tax Articles

FAQs on Taxation of Capital Gains

Shivani 29 August 2023 at 16:55

Decoding FAQs on Taxation of Capital Gains

FAQs on Tax Deducted at Source (TDS)

Mitali 29 August 2023 at 15:47

FAQs on Tax Deducted at Source (TDS)

Essential Documents and Procedures for Income Tax Audit: A Simplified Guide

Rashmi 29 August 2023 at 15:26

For income tax audit purposes, individuals with business or professional income must maintain specific documents to ensure accurate reporting and prevent tax evasion. This helps the government collect revenue fairly and scrutinize complex financial transactions.

FAQs: Clause 44 of Form 3CD of Tax Audit Report

Nitin Bhuta 29 August 2023 at 09:49

Clause 44 in Form 3CD under Section 44AB of the Income Tax Act 1961 - Updated FAQs

Latest FAQs for Form 27C

Shree 29 August 2023 at 08:54

Functionality for Revision of Form 27C is now available on e-Filing portal. Refer latest FAQs

Understanding Recent Income Tax SMS: Form 60 and Reporting Entities

Rashmi 29 August 2023 at 08:54

Recently, many taxpayers have received a text message from the Income Tax Department. This message states that the department has noticed specific transactions reported in Form 60/61 for the financial year 2021-22.

Navigating Penalties and Interest: Exploring Limits and Authority in the Mahindra & Mahindra Case

CA Yash Shah 28 August 2023 at 15:48

This article unravels the case's legal complexities and probable customs repercussions.

What is Taxability on lump sum or monthly amount received from the builder?

P.R. Sethuraman 28 August 2023 at 14:44

Crux of this article is to examine whether redevelopment compensation paid by the builder on account of hardship faced by the owner of a property due to displacement of the occupants, alternate accommodation, etc., is in the nature of capital receipt taxable.

Demystify Intricacies of Deduction under Chapter VI-A

Pranab Banerjee 28 August 2023 at 08:59

A Comprehensive Guide for the FY 2023-24 with Auto Calculate Income Tax Preparation Software in Excel for the FY 2023-24

All about Permanent Account Number (PAN)

Mitali 26 August 2023 at 11:39

A Permanent Account Number (PAN) is a unique 10-character alphanumeric code issued by the tax authorities. It's used to identify individuals and entities for taxation and financial transactions. PAN helps track financial activities like income, taxes, and investments.