Income Tax Articles

Cash Transaction Limits under Income Tax Act

Posted by CA Shruti Singhal 06 April 2024 14138 Views

The tax audit season is about to begin. This article aims to refresh the existing limits of cash transactions. The Income Tax Act in India discourages cash transactions to promote transparency and curb tax evasion.

A Guide to Early Filing for FY 2023-24 with Automatic Income Tax Form 16 Part B in Excel

Posted by Pranab Banerjee

06 April 2024 1173 Views

Income Tax Department Facilitates Early Filing of Returns for FY 2023-24 with Automatic Income Tax Form 16 Part B in Excel for FY 2023-24 as per New and Old Tax Regime

NRI Property Sale: Hassle-Free Guide

Posted by CA Arun Tiwari 06 April 2024 510 Views

In this comprehensive guide, we'll walk you through the step-by-step process for a hassle-free property sale experience. By following these steps, you'll have a clear plan and approach to make your property sale a smooth and successful one.

ITR Utilities for AY 2024-25

Posted by Khush Trivedi 05 April 2024 1806 Views

Let’s talk about the utilities provided by Income tax department to simplify the return filling process.

All About West Bengal Profession Tax

Posted by CS Karan B. Khattri 03 April 2024 1607 Views

West Bengal Profession Tax is a tax levied on a person engaged in any profession, trade, calling and employment in West Bengal.

How to start a new financial year without becoming a financial fool?

Posted by CA Umesh Sharma 01 April 2024 1231 Views

It is the beginning of the new financial year 2024-25. Most taxpayers are curious to know about the things they should keep in mind from the start of the new financial year so that they will not commit the mistakes they made in previous years.

Statutory Tax Compliance Tracker: March 2024

Posted by CS Lalit Rajput 01 April 2024 1619 Views

Statutory Tax Compliance Tracker for the m/o March 2024

All about Section 43B(h)

Posted by CA. Ankit Chandrakar 01 April 2024 1601 Views

The Finance Act, 2023 inserted a new clause (h) in income tax section 43B that allows deductions made to MSMEs on an actual payment basis rather than the accrual basis if the payment is created within the threshold limit. This clause comes into effect from 1st April, 2023.

Latest Amendments in Income Tax

Posted by CA.Sangam Aggarwal 01 April 2024 1701 Views

The CBDT has issued order that tax demands under Income Tax Act, Wealth Tax, and Gift Tax which are outstanding as on 31st March pertaining to assessment year 2010-11- each demand entry up to Rs. 25000/- and assessment year 2011-12 to 2015-16 - each demand entry up to Rs. 10000/- shall be extinguished but subject to maximum ceiling of Rs. 1 lakh for any specific taxpayer/assessee.