Income Tax Archives - Taxway Global

Tax Liability of a Non Resident Indian (NRI)

by CA Neeraj Jawla 1 hour ago1 hour ago

380

Leave Encashment Income Tax Treatment

by CA Neeraj Jawla 2 months ago2 months ago

11

Articles, Income Tax
Section 43B applicability on Electricity Duty payable by Electricity Distributor
Whether Section 43B is applicable on Electricity Duty payable by the Licensee Assessee being Distributor of Power and Electricity – Recent Judicial Pronouncement Held by...
by CA Neeraj Jawla 2 months ago2 months ago
11

Articles, Income Tax
CBDT approves Indian Institute of Science Education & Research under Section 35(1)(ii)
CBDT approves ‘Indian Institute of Science Education and Research, Tirupati (PAN: AAAAI9820P)’ under the category of ‘University, College or Other Institution’ for ‘Scientific Research’ for...
by CA Neeraj Jawla 2 months ago2 months ago
17

Articles, Income Tax
Tax Implication on Gifts Under Section 56(2)(VI) of Income Tax Act, 1961
Income Tax Act defines taxable gifts as under “gift means property which is a capital asset of the assessee (i.e., recipient), namely, Money, Immovable property...
by CA Neeraj Jawla 2 months ago2 months ago
16

Articles, Income Tax
TDS on the sale of property : Section 194-IA
Provisions of section 194-IA of the Income Tax Act deal with the requirement of deduction of tax at source (TDS) by the buyer at the...
by CA Neeraj Jawla 2 months ago2 months ago
6

Circulars, Income Tax
Extension of time limit for compliance under section 54 to 54GB
F. No. 225/ 49/2021-ITA-II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, *** Circular No. 1 of...
by CA Neeraj Jawla 2 months ago2 months ago
42

Articles, Income Tax
Lower Deduction Certificate for TDS on sale of property by Non Resident Indian
Lower Deduction Certificate (LDC) for TDS on sale of property by Non Resident Indian (NRI) Are you an NRI who is selling his/her property in...
by CA Neeraj Jawla 2 months ago2 months ago
6

Articles, Income Tax
Section 45(4) Applicability to a Real Estate Developer Firm
The amendment to section 45(4) of the Income Tax Act, 1961 with effect from 01/04/2021 (FY 2020-21) has raised more issues than solved any. The...
by CA Neeraj Jawla 3 months ago3 months ago
415

Articles, Income Tax
Section 194S of the Income Tax Act
Summary of Section 194S Section 194S: TDS @ 1% on Purchase Consideration of Virtual Digital Asset In line with the existing TDS section 194IA requiring...
by CA Neeraj Jawla 10 months ago10 months ago
1.3k

Articles, Income Tax
Section 194R of the Income Tax Act
Summary of Section 194R Section 194R: TDS @ 10% on Benefits or Perquisites arising out of Business or Profession Section 194R is applicable from 01-07-2022....
by CA Neeraj Jawla 10 months ago10 months ago
526

Articles, Income Tax
All about New TDS Section 194R and Section 194S
The Finance Bill 2022 has proposed two completely new TDS sections, 194R and 194S, in the Income Tax Act, to be made effective from 1.7.2022....
by CA Neeraj Jawla 10 months ago10 months ago