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Income Tax Articles


TDS Rate Chart: What are the applicable TDS rates for FY 2021-22?

  CA Sapna Ghelani    18 February 2021 at 09:54

The TDS rate Chart for FY 2021-22 and AY 2022-23. The TDS rate chart has been updated with all the latest amendments as per the Finance Act 2021.



Section 234C | Attraction of Interest on Non-Payment of Taxes

  Pushkar    18 February 2021 at 09:54

Section 234C provides for levy of interest for default in payment of instalment(s) of advance tax. Interest under section 234C is levied, if the advance tax paid in any instalment(s) is less than the required amount.



ITR filing exemption to senior citizen above age of 75 - A fiasco?

  CA Umesh Sharmapro badge    17 February 2021 at 11:46

In this article, Krishna and Arjuna discuss whether the ITR filing exemption to senior citizens above the age of 75 given in Union Budget 2021-22 is actually beneficial and useful for them, or is it just a fiasco?



What is the new snag of TDS on purchase of goods?

  CA Umesh Sharmapro badge    17 February 2021 at 11:46

Analysing the new provision for TDS i.e. Section 194Q, that has been proposed in the Union Budget 2021-22 and what will be its impact on the taxpayers.



Capital Gain Exemption Under Section 54 of Income Tax Act, 1961

  Neethi V. Kannanth    17 February 2021 at 10:03

As per section 54, an individual or HUF selling a residential house property can avail tax exemption under the said section for capital gain, provided the capital gains are invested in purchase or construction of Residential House Property.



Old Vs New Income Tax Regime

  Ritik Chopra    17 February 2021 at 10:03

A new Income Tax regime was introduced by FM Smt. Nirmala Sitaraman in Budget 2020 with more tax slabs and lower tax rates. In this article, we do a comparative analysis of the Old and New Income Tax Regime.



Section 194LBA | TDS on Certain Income from Units of a Business Trust

  CA.R.S.KALRA    17 February 2021 at 09:55

Discussing Section 194LBA of the Income Tax Act 1961, which deals with the TDS on Certain Income from Units of a Business Trust including its meaning, rate of TDS, eligibility requirements etc.



TDS on Payments to Residents & Non-Residents

  Ayisha Anis    16 February 2021 at 09:52

TDS is a provision to ensure swift recovery of tax and is done at specified rates on specified payments. The government has amended TDS rates for residents, however, these changes are not applicable to NRIs.



Section 194LB | TDS on Income by way of Interest from Infrastructure Debt Fund

  CA.R.S.KALRA    15 February 2021 at 09:42

Discussing Section 194LB of the Income Tax Act, which deals with the TDS on Income, by way of Interest from Infrastructure Debt Fund including its meaning, rate of TDS and responsibility etc.



Save upto 78K in Taxes and Also Get Financially Fitter with ETMONEY

  Suhasini    13 February 2021 at 16:56

Tax Saving is often considered one of the most important aspects of Financial Planning. We all know that every year we have to pay a certain percentage of our income as tax to the government.