Articles by CA.R.S.KALRA

Section 43CA vs 44AD: Understanding the Interplay

Posted by CA.R.S.KALRA 13 October 2021 10233 Views

Explore the complex relationship between Section 43CA and Section 44AD of the Income Tax Act. Understand how they affect property transactions and presumptive taxation.

Presumptive Taxation: Not a Shortcut to Lower Taxes

Posted by CA.R.S.KALRA 13 September 2021 3887 Views

Understand presumptive taxation. It simplifies tax filing but doesn't permit declaring lower income than actually earned. Learn your obligations.

Section 68 & Presumptive Taxation: Can They Coexist?

Posted by CA.R.S.KALRA 13 September 2021 8704 Views

Discover if Section 68 can be invoked when you opt for presumptive taxation. Understand the crucial role of maintaining books of account.

Section 69C & Presumptive Taxation: What You Need to Know

Posted by CA.R.S.KALRA 12 September 2021 8593 Views

Understand how Section 69C of the Income Tax Act applies when opting for presumptive taxation. Learn about unexplained expenditure and its implications.

Tax Audit: Business & Profession Rules Explained

Posted by CA.R.S.KALRA 04 September 2021 16408 Views

Understand tax audit applicability when you run both a business and a profession. Learn about limits and presumptive taxation schemes.

Income Tax: Sec 44AA, 44AB & 44AD Explained

Posted by CA.R.S.KALRA 31 August 2021 31776 Views

Understand the interplay of Income Tax Sections 44AA, 44AB, and 44AD. Learn about tax audit, book maintenance, and presumptive taxation limits in the UK.

TDS on Cash Withdrawal: Section 194N Explained

Posted by CA.R.S.KALRA 18 August 2021 15118 Views

Understand Section 194N TDS on cash withdrawals from banks & post offices. Learn rates, limits, and exemptions for FY 2021-22.

TDS on Professional & Technical Fees: Section 194J Explained

Posted by CA.R.S.KALRA 06 August 2021 25375 Views

Understand Section 194J TDS on professional & technical fees, royalties, and director payments. Learn rates, limits & applicability for FY 2021-22.

TDS on Contractor Payments: Section 194C Explained

Posted by CA.R.S.KALRA 04 August 2021 40661 Views

Understand Section 194C TDS on contractor payments. Learn who deducts tax, when it's not required, and rates for FY 2021-22.

TCS Rates for FY 2021-22: Your Essential Guide

Posted by CA.R.S.KALRA 21 July 2021 260265 Views

Understand the TCS rates for FY 2021-22. This guide covers various goods and services, including motor vehicles, foreign remittances, and more. Get informed!