Agricultural Income – Overview & Taxability
Meaning of Agricultural Income The Income-tax Act has its own definition of agricultural income which constitutes the following 3 main activities: 1. Rent or revenue...
Articles
-
-
How to fill form 26QB:TDS on sale of property
I. Steps to fill form 26QB : Log on to TIN NSDL website ( www.tin-nsdl.com ). Under ‘TDS on sale of property’, click on “Online form for...
-
Transparent Taxation – Honouring the Honest
Prime Minister’s Office Prime Minister Narendra Modi launches platform for “Transparent Taxation – Honouring the Honest” Tax system aims to be Seamless, Painless, Faceless :...
-
Income Tax Department searched premises of Chinese entities
Ministry of Finance Income Tax Department conducts search on premises of Chinese entities Posted On: 11 AUG 2020 Based on the credible information that few...
-
Foreign Company: Meaning & Income Tax Rate
FOREIGN COMPANY: In this article we discuss about the meaning of the Foreign Company and what Income Tax Rate applicable on Foreign Company. Meaning As...
-
Section 12AB of Income Tax Act, 1961- Provisions & registration procedure
Is registration of a trust mandatory? It is mandatory for a trust to get the registration under section 12AB of the Income tax Act, 1961...
-
Which ITR Form is to be used for Trust: ITR-7 or ITR-5
Is it mandatory for a trust to file return of income? It is mandatory for a trust referred to in Sections 139(4A), 139(4C), 139(4D) and 139(4E) to file the return of...
-
Section 2(15): Definition of Charitable Purpose
Trust formed for charitable or religious purposes which are not intended to do commercial activities are allowed various benefits under the Income-Tax Act, inter-alia, exemption...
-
TDS rates under DTAA
*If the beneficial owner is a company (other than a partnership) which holds directly at least 10 per cent of the capital of the company...
-
ITR 1, 2, 3 & 4 for AY 2020-21 is now available for e-Filing
ITR 1, 2, 3 & 4 for AY 2020-21 is now available for e-Filing. Other ITRs will be available shortly