Income Tax Articles
Tax Deduction and Documentation for Salary for AY 2023-24
Affluence Advisory 24 February 2023 at 08:54Brief guidelines/ indicative documents to be provided by the employee to the employer for AY 2023-24.
Case Study: Taxation of Charitable Institutions
FCS Deepak Pratap Singh 22 February 2023 at 09:57A charitable trust derived its income from the business of providing mineral water to various companies situated in Software Technology Park in Hyderabad. A sum of Rs. 30 Lakhs has been derived as income from such business activity, which has been applied for the purpose of "General Public Utility".
IT calculator for AY 2024-25 with IT ready reckoner for FY 2023-24
Pranab Banerjee 21 February 2023 at 09:01A quick review (Limited Information) of the applicable provisions under the Income Tax Act, 1961 for the F. Y. 2023-24 (A. Y. 2024-25), after incorporating amendments (only key and selective amendments) proposed by the Union Budget of 2023, are given below for ready reference and information.
9 Tax savings Investment options that you shouldn't Miss!!
Rashmi 20 February 2023 at 17:04Here are 9 options that you don't want to miss out on tax savings
Key Changes in new ITR Forms for AY 2023-24
CA Rahul Mittal 17 February 2023 at 14:54On February 10, 2023, the Central Board of Direct Taxes (CBDT) announced the tax return forms for the financial year 2022–2023. This year, ITR forms were announced in advance, which is a very positive step toward making compliance easier.
How to file an income tax return for LLP?
Ishita Ramani 15 February 2023 at 16:05Every LLP incorporated in India is required to file an income tax return under Section 139(1) of the Income Tax Act of 1961. Partners of an LLP are in charge of filing the annual income tax.
How to file Income Tax Return Online?
Alisha Kar 15 February 2023 at 08:51An individual sends an Income Tax Return (ITR) form to the Income Tax Department of India in order to provide information about his earnings and taxes due for the previous calendar year.
Beware of impact for delayed payment to MSMEs and its impact in Income Tax, GST and other laws
CA Umesh Sharma
15 February 2023 at 08:51
There have been a lot of talks about the new provision that the government has proposed to bring for boosting the MSME Sector.
Bank Reconciliation Statement With An Example
Mitali 14 February 2023 at 16:01Bank Reconciliation Statement is a statement prepared mainly to reconcile the difference between the 'Bank Balance' as shown by the Cash Book and the 'Bank Balance' shown by the Bank Pass Book.
Procedure of transfer of shares by gift & tax implications
FCS Deepak Pratap Singh 13 February 2023 at 10:02In some occasions, gift to individual is exempted such at marriage and gifts receipt by a person from his/her relatives. The definition of relatives has been given in Section 2(47) of the Companies Act, 2013.
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