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Articles by Sahil Dhingra

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Guidelines for applicability of Section 194Q

  Sahil Dhingra    05 July 2021 at 14:11

Section 194Q of the IT Act, which has been effective since 1st July 2021 has created a lot of confusion among taxpayers and professionals. Let us understand the guidelines for the applicability of the section.

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Posted in Income Tax |   2985 Views


Difference in Business Connection & Permanent Establishment

  Sahil Dhingra    02 June 2021 at 09:48

Section 9 of the Income Tax Act, 1961 explains the concept of Business Connection, while Article 5 of DTAA explains the concept of Permanent Establishment. Let us understand the difference between the two.

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Posted in Others |   1557 Views


Section 50B & Rule 11UAE

  Sahil Dhingra    31 May 2021 at 17:36

Slump sale means the transfer of one or more undertaking, by any means, for a lump sum consideration without values being assigned to the individual assets and liabilities in such sales.

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Posted in Income Tax  3 comments |   3165 Views


Consequences of not filing the ITR

  Sahil Dhingra    18 May 2021 at 11:21

Default in filing the Return of Income within the prescribed due date results in a fee or penalty. In this article, we discuss various fees and penalties u/s 234F, 270A, and 276CC.

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Posted in Income Tax  1 comments |   6411 Views


Section 40A(2)(b) of Income Tax Act, 1961

  Sahil Dhingra    06 May 2021 at 19:11

Section 40A(2) of the Income Tax Act lays down provisions for the disallowance of certain payments to relatives. Let us discuss persons covered u/s 40A(2)(b).

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Posted in Income Tax |   8160 Views


Section 194-O | An analysis

  Sahil Dhingra    04 May 2021 at 11:42

According to Section 194O, an e-Commerce operator is required to deduct TDS for facilitating any sale of goods or providing services through an e-Commerce participant.

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Posted in Income Tax |   9471 Views


A Brief On Equalisation Levy

  Sahil Dhingra    04 May 2021 at 09:49

India first introduced an equalisation levy in 2016, when it charged 6% of consideration for online advertisement services, earned by non-residents from an Indian resident carrying on a business.

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Posted in Income Tax  1 comments |   1041 Views


Applicability of Form 15CA & 15CB

  Sahil Dhingra    26 April 2021 at 15:35

Form 15CA is a declaration of remitter used as a tool for collecting information in respect of payments that are chargeable to tax in the hands of the recipient NRI. Form 15CB is a kind of certification regarding rates and the right kind of tax paid by you.

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Posted in Corporate Law |   2850 Views


New Slab Rates in Section 115BAC for AY 2021-22

  Sahil Dhingra    17 April 2021 at 17:02

From FY 2020-21, taxpayers can choose to pay income tax under an optional new tax regime. The author, in this article, has listed the new slab rates u/s 115BAC.

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Posted in Income Tax |   8178 Views


Section 56(2)(X): Taxation of Gift

  Sahil Dhingra    16 April 2021 at 12:02

Gift received by any person or persons is taxed in the hands of the recipient under the head Income from other sources and at normal tax rates under Section 56(2)(x) of the Income-tax Act, 1961.

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Posted in Income Tax |   9564 Views