Income Tax Articles
All about Income Tax Audit
There are many types of audits conducted under various laws. Similarly, an audit conducted under the Income Tax Act, 1961 is called a ‘Tax Audit’. In the Income Tax Act, 1961, section 44AB mandates provisions for a tax audit, which are explained as follows. In the following circumstance, a tax audit will be mandatory.
No TDS u/s 194J on Payments for Software Purchase
As Per notification no. 21/2012 dated 13.06.2012 no deduction of tax shall be made on certain payments by a person for the acquisition of software from another person.
Impact Of Finance Act 2023 On Charitable Trust
Impact Of Finance Act 2023 On Charitable Trust and Institution Referred to In Section 12AA Or 12AB Or Clause (23C) Of Section 10 of The Act, 1961
Section 70: Power of Summon
Section 70 of the CGST ACT 2017 empowers the Proper Officer(PO) to summon any person whose attendance he considers necessary either to give evidence or to produce a document or any other thing as required in an inquiry.
Professional Tax: Slab rates for states in India
Professional Tax is a type of tax levied by state governments in India on individuals and organizations engaged in professions, trades, and employment. The tax ...
New Taxation Rules for Online Gaming
TDS Applicable from April 1, 2023 and Double Penalty for Non-Compliance
Harmonisation/Arrangement of Provisions Contained in Finance Bill/Act
Harmonisation / Arrangement of Provisions Contained in the Finance Bill / Act
Auto Income Tax Calculator for FY 2023-24 and AY 2024-25
28 March 2023
16857 Views
How to save your income tax for AY 2023-24 with Auto calculate Income Tax Calculator All in One for the FY 2023-24 and AY 2024-25
Key Amendments in India's Finance Bill 2023: A Focus on Taxation and Litigation
The Finance Bill 2023 is a bill that includes tax proposals for the fiscal year beginning on April 1, 2023. It was passed by the Lok Sabha, the lower house of the Indian Parliament, on March 24, 2023. The Lok Sabha has passed the Finance Bill 2023 with 64 official amendments.
Tax Planning while setting up of a business with reference to nature of business
Tax Planning while setting up of a business with reference to the Nature of business related with AY 2021-2022, AY 2022-2023 and AY 2023-2024. An analysis of Eight important Deductions as per the Income Tax Act.
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