Non-Residents related Income Tax Provisions
Article explains Relevance of residential status of a person for determining the taxability of the income in his hands, different...
Articles
Taxability of Gifts Received From Persons other than Relatives | Section 56(2)(X)
Under Section 56(2)(x) Gifts from persons other than those covered in the definition of relatives are taxable under the Head...
Carry Forward and Set Off of Losses with FAQs
Article covers Income Tax Act provisions related to Carry Forward and Set Off of Losses with Frequently asked Question and...
TOP 10 High value cash transaction that may lead to income tax notice
Restriction on CASH Transaction along with TOP 10 High value cash transaction that may lead to income tax notice DID you know CASH transaction Limit...
TDS Rate Chart for FY 2021-22 (AY 2022-23)
Income Tax TDS Rate Chart for for Financial Year (FY) 2021-22 / Assessment Year (AY) 2022-23 The term ‘TDS’ refers...
Mandatory Registrations for NGOs after 01.04.2021
Mandatory Registrations for NGOs after 01.04.2021 – Form CSR-1, Section 80G and Section 12AB of Income Tax Act As per Notification...
TDS Rate Applicable for FY 2021-22 or AY 2022-23
RATES OF TDS APPLICABLE FOR FINANCIAL YEAR (FY) 2021-22 OR ASSESSMENT YEAR (AY) 2022-23 as compiled by The Institute of...
Income Tax Return: JSON enabled only for ITR 1 and ITR 4, CBDT introduces ITR Offline utility for AY 2021-22 [Read Instructions]
The Income Tax Department has introduced the offline utility for Assessment Year 2021-22, based on new technology JavaScript Object Notation...
Goodwill, no longer a depreciable asset w.e.f. 01-04-2021
Budget 2021 – The Finance Ministry is of the view that Goodwill, in general, is not a depreciable asset and in fact...
CBDT notifies Amendment in FORM NO. 12BA under Income Tax Rules, 1962 [Read Notification]
The Central Board of Direct Taxes (CBDT) notified the amendment in FORM NO. 12BA under Income-tax Rules, 1962. The Board...