Income Tax Articles

Maximizing Your Take-Home Pay: Tips for Tax-Efficient Salary Restructuring in India

Posted by Rashmi 21 April 2023 10372 Views

As a salaried employee in India, you're likely to be paying a significant amount of your income in taxes. However, by restructuring your salary package in a tax-efficient way, you can keep more of your hard-earned money and pay less in taxes. Here are some tips on how to do it:

Section 194IA | TDS on Sale of Property

Posted by CA Ruby Bansal 20 April 2023 8580 Views

Section 194IA of the Income Tax Act is a provision related to the deduction of tax at source (TDS) on payments made for the purchase of immovable property.

Benefits of Filing ITR on time for FY 2022-23

Posted by Rashmi 20 April 2023 12032 Views

Filing your income tax return on time comes with various benefits. It not only helps you to avoid penalties and interest charges but also helps to build your financial history, improve your credit score, and increase your chances of obtaining loans and credit cards.

Recent ITAT rulings on Royalty and Fees for Technical Services

Posted by CA Rakesh Ishi 19 April 2023 5239 Views

ITAT held that the usage of Microsoft license and service desk facility dealing with IT incidents will not be treated as royalty and Fees for Technical Service (FTS).

Most Commonly Used TDS Sections along with TDS Rates and Threshold Limit

Posted by CA. Bhavik P. Chudasama 19 April 2023 15960 Views

Tax Deducted at Source (TDS) is a mechanism of collecting income tax at the source of income itself. TDS is applicable to various types of payments such as salary, interest, commission, rent, etc.

The Rise of Paid Online Gaming: Understanding Taxation in the Digital World

Posted by Aisha 18 April 2023 5157 Views

In this blog, we will explore the taxation of paid online gaming and discuss how it differs from traditional gaming. We will also delve into the various taxes that may apply to online gaming and examine the legal and regulatory landscape for online gaming taxation.

Income Tax Amendments applicable for AY 2023-24 (FY 2022-23)

Posted by Geetanjali Pandey 18 April 2023 18136 Views

This article will outline some of the important amendments made by Finance Act, 2023 which is applicable for FY 2022-23 (AY 2023-24) which we need to take care of while filing ITR of AY 2023-24.

Guide to Filing Income Tax Return for Freelancers and Self-Employed Individuals in FY 22-23

Posted by Rashmi 17 April 2023 11090 Views

Here are some points to keep in mind while filing a tax return as a freelancer or self-employed individual

Digitization: A revolution in Indian Taxation

Posted by Ayush Vats 17 April 2023 4053 Views

Digitization has sparked a revolution in the Indian Income Tax Department, providing a multitude of benefits to both taxpayers and the government. With the advent of digitization, the Income Tax Department has made significant progress in modernizing various tax-related processes.