Income Tax Articles

Self Assessment Tax & Additional Income Tax: Updated Return u/s 139(8A) Read With Section 140B

Latish Alwani 08 April 2023 at 16:09

Self Assessment Tax & Additional Income Tax

Section 73 of CGST Act 2017

Harsh Kaushik 08 April 2023 at 12:10

Section 73 talks about the determination of tax not paid or short paid or erroneously refunded or input tax credit wrongly availed or utilized for any reason other than fraud or any willful-misstatement or suppression of facts.

NPS vs OPS: Why NPS is the clear winner for retirement planning

Rashmi 08 April 2023 at 08:59

The Finance Ministry has set up a group to review the pension system for government workers. The committee will be led by Finance Secretary T V Somanathan and will suggest ways to improve pension benefits for government employees.

Auto Calculate & Automatic IT Preparation Excel Based Form 16 for FY 2022-23 and AY 2023-24

Pranab Banerjee 08 April 2023 at 08:59

Everything you need to know about Form 16 - TDS Certificate for Salary | With Auto Calculate Income Tax Form 16 Part A&B and Part B for the FY 2022-23 & AY 2023-24 in Excel

CBDT issued circular on TDS for salaries in FY 2023-24: What you need to know

Rashmi 07 April 2023 at 09:04

The Central Board of Direct Taxes (CBDT) has issued a circular on April 5, 2023, which explains how employers will deduct tax on salaries for the current financial year 2023-24

Auto Excel Based Preparation Master of Form 16 for FY 2022-23 and AY 2023-24

Pranab Banerjee 06 April 2023 at 10:53

A Salaried Employee’s Tax Proof Certificate Form 16 | With Auto Calculate and Auto Preparation Excel Based Master of Form 16 for FY 2022-23 and AY 2023-24

Section 67: Power Of Inspection, Search And Seizure

Harsh Kaushik 06 April 2023 at 09:53

Section 67 talks about the power of proper officers not below the rank of Joint Commissioner to conduct inspection, search and seizure.

Section 129: Detention, Seizure and Release of goods and conveyance in transit

Harsh Kaushik 05 April 2023 at 09:58

Section 129 talks about detention, seizure and release of goods and conveyance in transit where the intent of taxpayer is to evade tax payment.

Maximizing Your Returns with PPF: Tips and Tricks

Rashmi 05 April 2023 at 08:51

Public Provident Fund (PPF) is a highly sought-after investment option for building a long-term retirement fund due to its low risk, moderate returns, and added tax benefits

TDS on sale of property under migrated E-filling portal

CA CMA Sagar Jaiswal 05 April 2023 at 08:46

As per section 194 IA of Income tax Act, 1961, TDS is applicable on sale of immovable property, if the consideration of property exceeds or equal to Rs. 50,00,000/- (Rs. Fifty lakhs). The rate of tax under the above section is 1% which is to be deducted and need to be deposited by buyer.