Income Tax Articles
Foreign Tour Packages Will Cost More Starting 1st July 2023: Tips to Book Smarter and Save
Starting from July 1, 2023, booking foreign tour packages is going to become more expensive for Indians. The government has increased the tax collection at source (TCS) rate for foreign remittances under the Liberalised Remittance Scheme (LRS) from 5% to 20%
Last-minute income tax saving options
Let us know the tax-saving options available in the income tax
India brings cryptocurrency under money laundering laws
The Indian government has recently made an announcement that cryptocurrencies will now be included in the Prevention of Money Laundering Act (PMLA).
Landmark judgments by Supreme Court in favor of assessees in Income Tax
Here are a few landmark judgments by the Supreme Court of India in favor of Assessees in Income Tax cases
TDS on transfer of immovable property
Any person being a transferee of immovable property, other than the agricultural land, responsible for making payment to a resident transferor as consideration for transfer of any immovable property, shall deduct TDS @1% of such payment.
Unveiling the Power of Income Tax Search and Seizure: Combating Tax Evasion
The Income Tax Department has the power to search and seize( also called raids) property or money from people suspected of not paying their taxes. This is an important tool to catch tax evaders.
Most popular tax-saving investments before 31st March 2023
Here are some of the most popular tax-saving investments that you can consider before March 31, 2023
Surcharge applicable to Individual/HUF/AOP/BOI/Artificial juridical persons
We all well know that, surcharge rates are applicable to Individual/ HUF/ AOP/ BOI/Artificial juridical persons under Income Tax Law
Difference between Section 194Q and Section 206C (1H) of IT Act, 1961
What is the difference between Section 194Q and Section 206C (1H) of the Income Tax Act, 1961
All you need to know about Gifts
As per Section 122 of the Transfer of Property Act,1882- "Gift is the transfer of certain existing MOVABLE OR IMMOVABLE property made VOLUNTARILY and WITHOUT CONSIDERATION by one person called Donor to another called Donee and accepted by or on behalf of Donee".
Popular Articles
- Post Office Savings Account Interest Rate 2026: Is It Better Than a Bank Savings Account?
- TDS Return Due Date For FY 2026-27: Updated As Per IT Act 2025
- TCS Return Due Date: New Deadline For Tax Year 2026-27
- Sukanya Samriddhi Yojana 2026 with Interest Rate for Q2: Best Savings Scheme for Girls
- Capital Gains Exemption Under Sections 54 & 54F: Is Purchase in Spouse's Name Allowed?
- Form 130 Replaces Form 16: New Salary TDS Certificate For FY 2026-27
- Latest Changes in ITR-1, ITR-2 & ITR-4 for AY 2026-27: A Detailed Analysis
- TDS Certificates for Non-Salary Income Gets a New Identity For FY 2026-27
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
