Income Tax Articles

Filing of Form No. 10 of Income Tax Act

Posted by Geetanjali Pandey 25 April 2023 5633 Views

This Article is related to one of the amendment made in Form No. 10 by Notification No. 96/2022 dated 17th August, 2022 which became applicable for all the Trust/Institution registered under sub clause (iv)(v)(vi)(via) of Section 10(23C) of the Act for F.Y. 2022-23 (A.Y. 2023-24).

Taxation Aspect of Mergers and Amalgamation

Posted by CMA. CS. Sanjay Gupta 25 April 2023 473293 Views

Taxation Aspects of Mergers and Amalgamations Under Income Tax Act, 1961 Section 2(1B) of Income Tax Act defines amalgamation as merger of one or more companies with another company or merger of two or more companies to from one c

Deductions available under Old vs. New regime of Income Tax

Posted by CA. Brijesh Baranwal 25 April 2023 30968 Views

This article covers the deductions available in Old Vs. New tax regime, in brief, should help in making the required choice. This is applicable from 01.04.2023 i.e. for FY 2023-2024 or say AY 2024-2025.

Choose Right Tax Regime for FY 2023-24

Posted by Affluence Advisory 24 April 2023 5085 Views

If you FAIL to choose between the New and Old Tax Regime, the Employer will take the New Tax Regime as DEFAULT and deduct TDS under it.

Why Indian Income Tax New Tax Regime is the Government's Favorite Child!

Posted by Abhishek Raja 24 April 2023 66768 Views

In this article, I will be discussing the new tax regime in India, comparing it with the old income tax regime, and explaining why the new regime is the government's favorite child.

Section 194Q: TDS on purchase of goods

Posted by ALEXANDAR GAZI 22 April 2023 11562 Views

The implication of section 194Q in the Income Tax Act, 1961 is one of the several desperate attempts of the Government to increase the flow of revenue into the exchequer.

Section 194DA: TDS on Payment of Life Insurance Policy

Posted by CA Ruby Bansal 22 April 2023 11681 Views

Section 194D of the Income Tax Act requires tax to be deducted at source on any commission or reward paid for procuring insurance business.

Akshaya Tritiya 2023: What to Keep in Mind Before Investing in Gold

Posted by Rashmi 22 April 2023 3561 Views

Gold prices and their relationship with the US dollar or the dollar index are strongly correlated. As the dollar rises, gold prices tend to fall, while when the dollar weakens, the price of gold tends to increase.

How to e-Verify Your Income Tax Return

Posted by Elisa 21 April 2023 6871 Views

E-Verify is a process that allows taxpayers to verify their Income Tax Return (ITR) electronically.

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

Posted by Rashmi 21 April 2023 10374 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: