Income Tax Articles
Cleaning of Books of Accounts and their Worship on the eve of Diwali - Part 2
Discover how to handle old financial records during Diwali cleaning, as Krishna guides Arjuna through record-keeping requirements under Income Tax, GST and Companies Act. Ensure compliance and align your financial discipline with the spirit of Diwali renewal.
Automated Income Tax Form 16 Part B Master for 50 Employees for FY 2024-25
21 October 2024
2618 Views
Whether you're a small business owner or an HR professional, this guide will show you how to download an automatic tool for generating these forms for the financial year 2024-25. Therefore, Read on to learn how this can simplify your tax responsibilities!
Understanding Form 12BAA: A Guide to Simplifying TDS and Managing Additional Income
Form 12BAA is a straightforward declaration form. It lets you tell your employer about any other income you have, like interest income, capital gains, or commission Income.
Step-by-Step Guide to TAN Correction Online: How to Update Your Tax Account Number
This article presents expertise on a step-by-step guide to update your TAN using the online system.
Understanding Partition and Re-Union of HUF
Family connotes a group of people related by blood or marriage, "family" always specifies a group. Plurality of persons is an essential attribute of a family A Family consisting of a single individual is a contradiction. Section 2(31)(ii) of The Income Tax Act,1961
CBDT Issues Guidance Note on Direct Tax Vivad se Vishwas Scheme, 2024: Top 35 FAQs Clarified
The Direct Tax Vivad Se Vishwas Scheme, 2024 (hereinafter referred as DTVSV Scheme, 2024) has been enacted vide Chapter IV of Finance (No.2) Act, 2024 to provide for dispute resolution in respect of pending income lax litigation.
Tax on Buy-Back of Shares
A share buyback typically refers to a company repurchasing its shares from shareholders at the market price, thereby regaining ownership previously distributed....
Enterprise vs Company: How They Differ in Scale, Management and Ownership
This article will deep dive into the explanation of corporation vs organization, that specialize in their scale, control structures, and ownership traits.
Waiver of Interest or Penalty or both: Section 128A
INTRODUCTIONSection 128A, as proposed by the Finance Act, 2024 (No. 2), dated 16.08.2024, through Section 146, was notified via Notification No. 17/2024 - Centr...
Claiming Income Tax Refunds: CBDT's New Rules from October 2024
Starting October 2024, the Central Board of Direct Taxes (CBDT) introduced new guidelines to streamline the process for taxpayers seeking income tax refunds or carrying forward losses, especially in cases where they missed the original filing deadlines.
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