Popular Articles

Capital Receipts and Revenue Receipts: Purpose, Taxability & Examples

Posted by Khush Trivedi 06 March 2024 1411 Views

In any business the basic fuel that requires to keep the business alive is only an Income or Receipts. As the important purpose of an economic activity is to earn money business is generating different types of revenues. We can bifurcate these Revenues or Receipts in two different categories i.e. Capital Receipts & Revenue Receipts

Understanding 'Tax Year' vs. 'Financial Year' in the New Income Tax Bill

Posted by Ayush 18 February 2025 1411 Views

One of the most notable changes is the introduction of the term "tax year," which replaces the concept of the "previous year" and the "assessment year" from the Income Tax Act, 1961.

Drastic Income Tax Changes in the Past Union Budgets

Posted by CA Sapna Ghelani 07 May 2021 1410 Views

We all know that the government comes up with something new every budget. Let us have a brief overview of some drastic income tax changes which have occurred in the past few budgets.

Major Amendments proposed in Income Tax Act 1961 by Finance Bill 2025

Posted by Suyash Raj Nahata 05 February 2025 1410 Views

Amendments proposed in Income Tax Act 1961

Whether Commissioner has Power to Revise Matters Before CIT (Appeals ) - Section 263 & 264

Posted by FCS Deepak Pratap Singh 13 October 2021 1409 Views

The tax authority can send an order under Section 154 either of their own volition or based on an incongruity noticed by the Income Tax Department.

Swiss Banking Secrecy, International Agreements and the Shadow of Black Money

Posted by CA Aman Rajput 26 October 2023 1409 Views

Let's discuss the comprehensive and factual understanding of the famous Swiss banking secrecy, dispelling some common myths and shedding light on recent developments, particularly in relation to the issue of black money

Benefits available to MSME under various schemes

Posted by CA.Sangam Aggarwal 27 January 2024 1405 Views

The government of India has made collateral- free loan credit available to all enterprises which are registered under MSME. It means MSME can avail the benefit of bank loan without pledging its property or assets.

Union Budget 2026-27: Key Highlights & Initiatives

Posted by Mitali 01 February 2026 1404 Views

Discover the key highlights of the Union Budget 2026-27, focusing on economic growth, capacity building, and inclusive development. Learn about new schemes and tax reforms.

Tips to Clear Advanced Tax Laws

Posted by Tushar Pahade 12 August 2021 1404 Views

Paper 2, which is part of Module 1, covers the broad topic of CS Professional Advanced Tax laws, covering both direct and indirect taxes. Sharing some tips for clearing the paper with flying colours.