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Income Tax Articles


Section 194EE | TDS on Payments in respect of Deposit under National Savings Scheme

  CA.R.S.KALRA    21 January 2021 at 09:04

Understanding Section 194EE of the Income Tax Act -TDS on payments in respect of deposit under National Savings Scheme , Person responsible to deduct Tax,Rate of TDS,Time period and the limit applicable.



Cash transactions in agriculture sector

  CA.R.S.KALRA    20 January 2021 at 11:36

This article explains the applicability of provisions of Section 40A(3),269ST,269SS,Section 194N and Section 269T in respect of Kachha Arahtia and Pacca Arahtia.



Section 194E | TDS on Payments to Non-Resident Sportsmen or Sports Association

  CA.R.S.KALRA    20 January 2021 at 09:53

Who is the Person responsible to deduct TDS under section 194E-TDS on payments to Non Resident Sportsmen or Sports Association , Time period of deducting tax,Rate of TDS has been explained in this article.



Deferred Tax Asset and Deferred Tax Liability

  Neethi V. Kannanth    20 January 2021 at 09:53

In this article , the meaning of deferred tax asset and deferred tax liability has been explained along with brief examples for better understandability.



Section 194DA | TDS on Payment in respect of Life Insurance Policy

  CA.R.S.KALRA    18 January 2021 at 09:58

This article discusses the TDS provisions applicable on payment in respect of Life Insurance Policy like who is responsible to deduct tax ,time period of deduction, rate etc.



Persons Who Are Compulsorily Required To File ITR in India

  Meet Gudhka    18 January 2021 at 09:58

This article focuses on the provisions laid down in the Income Tax Act, 1961 with respect to mandatory filing of a Return of Income (conveniently known as ITR) by an Individual.



Taxation of Derivative Transactions

  Kanj    16 January 2021 at 13:00

The purpose of this article is to assist the new entrants regarding the taxation of derivative transactions and the method of computation of profits arising out of derivative trading.



Section 194D | TDS on Insurance Commission

  CA.R.S.KALRA    15 January 2021 at 09:51

In this article, we understand all about Section 194D which deals with the TDS on Insurance Commission including when such tax is or isn't to be deducted, rate of TDS, and reinsurance.



Decoding the New Rules of Penalty Shoot-out: Faceless Penalty Scheme 2021!!

  Mayank Mohanka    15 January 2021 at 09:51

In this Taxalogue, we have decoded and explained the newly inserted rules of penalty shoot-out i.e. the newly legislated Faceless Penalty Scheme, 2021 and its provisions.



Ways to ascertain the points required in Form 3CD from Tally ERP 9

  CA Kushwanth AVSR    15 January 2021 at 09:51

Among the softwares that are used for the preparation of books of accounts, Tally Software is widely used. In this article, we ascertain some relevant points in Form 3CD from Tally ERP 9 while doing Tax Audit.