Income Tax Articles

Section 36(1)(va) with Section 43B of the Income Tax Act

Anmol 22 March 2021 at 09:39

It is proposed to add another Explanation to section 36(1)(va) clarifying that provision of section 43B does not apply and deemed to never have been applied for the purpose of determining the 'due date”.

FAQ on Section 194Q TDS on purchase of goods

PRIYANKA GUPTA 19 March 2021 at 18:02

Discussing the FAQs about the requirement to deduct TDS on purchase of goods with effect from 01-07-2021 with a distinction between the new Section 194Q and Section 206C(1H).

Deduction under Section 80C

Ritik Chopra 19 March 2021 at 14:52

Savings play an important role in the economic development of any country. To boost saving habits, an incentive in the form of a deduction out of one's taxable income has been allowed. Discussing Section 80C in that regard.

10 Significant Changes in Income Tax w.e.f 1st April 2021

CA Sapna Ghelani 19 March 2021 at 09:50

The article highlights on a few significant changes which are going to give effect in Income Tax from 1st April 2021.

Tax Saving Instruments

ruchi rath 19 March 2021 at 09:50

A taxpayer, before looking at investing in any tax-saving instruments, needs to first be aware and understand the total tax liability applicable. To get to most effective and efficient way of tax saving ,one should know first calculate amount payable .

Issues of Shares at a Premium - Tax Implications

CA. Aditya Goel 19 March 2021 at 09:50

When Shares are issued at a value more than the Face Value, then it is called Issue of Shares at a Premium. In this article, we discuss the tax implications of the same.

Indian Income Vs Foreign Income

Ritik Chopra 18 March 2021 at 18:24

Analysing the difference between Indian Income and Foreign Income with respect to the Income deemed to Accrue or Arise in India as per the Income Tax Act, 1961.

How to Legally Save Income Tax?

Prachi Bansal 18 March 2021 at 18:24

In this article, we will be discussing certain legal ways in which an individual can actually save some chunk of their money and not give it all away as taxes.

Tax planning & To do list before 31st March 2021 - Capital gain tax perspective

JINESH MEHTA 18 March 2021 at 09:49

We are in the month of March, Hence, it is extremely important to know the tax implication on stock market transactions and actions to take before 31st March 2021 as far as tax planning is concerned.

Section 206AA | Mandatory Requirement of Furnishing PAN

CA.R.S.KALRA 18 March 2021 at 09:49

Section 206AA has been inserted to provide that any person whose receipts are subject to TDS i.e. the deductee, shall mandatorily furnish his PAN to the deductor, failing which the deductor shall deduct TDS at the specified rate.