Income Tax Articles

Safe Harbour Rules extended to AY 2023-24

Vivek Jalan 26 August 2023 at 08:53

The Safe Harbour Rules for Transfer Pricing were introduced by the Finance Act, 2009 to reduce the transfer pricing disputes, provide certainty to taxpayers, align safe harbour margins with industry standards, and expand the scope of safe harbour transactions.

What to Do If You Receive an Excess Income Tax Refund: A Simple Guide

Rashmi 25 August 2023 at 08:58

In recent years, the Income Tax Department has been processing income tax returns (ITR) faster. However, this speedy process has led to some issues. When ITRs are processed quickly, taxpayers might not have enough time to correct mistakes they made in their original returns.

Discipline regarding "quasi-criminal" penal proceedings

Vivek Jalan 24 August 2023 at 09:02

Discipline regarding penal action under various tax laws are widely discussed. Two interesting recent cases under Income Tax allows one to reflect further.

Income Tax Audits Decoded: A Practical Manual for Business and Professional Individuals

Rashmi 24 August 2023 at 09:02

If you earn money through a business or as a professional, there are certain rules set by the government that you need to follow. These rules ensure that your financial records are accurate and that you're paying the right amount of taxes.

CBDT amends valuation rules for calculation of rent-free accommodation provided by employer

Guest 22 August 2023 at 12:48

The Finance Act, 2023 brought in an amendment in the perquisite valuation rules with regard to the value of rent-free or concessional accommodation provided by an employer to an employee, for the purpose of introducing uniformity / consistency.

A Comprehensive Guide to Taxation and Documentation for Employee Stock Options Abroad in India

Rashmi 22 August 2023 at 09:00

Guide to Taxation and Documentation for Employee Stock Options Abroad in India

What are the 10 points to remember for Agriculture Income?

CA Umesh Sharma 21 August 2023 at 13:50

Lately we have seen serious hike in the prices of tomatoes and other farm produces. What about the Income tax on sale of tomatoes? What exactly is included in the agricultural activities?

Aadhaar Card: Enrol, Download, Status

Niyati 21 August 2023 at 13:17

The Aadhaar Card is a unique identification card issued by the Indian government. It contains a 12-digit unique identification number called Aadhaar number, which is linked to an individual's biometric and demographic data. It's used as a proof of identity and address for various government and private services in India.

Income Tax Login: Guide

CA Ruby Bansal 21 August 2023 at 13:12

Income Tax Login is a service that allows registered users to access the e-Filing portal, enabling them to utilize various services provided within the portal related to income tax matters. It's a secure way for individuals to log in and manage their tax-related activities online.