Income Tax Articles

Stridhan and its Taxation under Provisions of IT 1961

Posted by FCS Deepak Pratap Singh 10 May 2023 24697 Views

As you are aware that "Stridhan" is known as bride's Pin Money (in England) and peculium (under Roman Law). It is that part of property or wealth which exclusively belongs to women. Our ancestors have recognized the same well before it was recognized by the Romans.

NRI Property Sale Tax in India: Capital Gains & TDS

Posted by Affluence Advisory 09 May 2023 5213 Views

Understand Capital Gains Tax and TDS for NRIs selling property in India. Learn how to save tax with Section 54 & 54EC exemptions.

Who Must File Income Tax Return (ITR)?

Posted by Affluence Advisory 08 May 2023 4401 Views

Discover who is required to file an Income Tax Return (ITR) in India. Learn about income thresholds, foreign assets, and significant financial transactions.

Guide to Reopening of Assessment Proceedings under IT Act

Posted by Adv. Ravish Bhatt, ADIT, CIOT 06 May 2023 6422 Views

Understand and respond to notices for reopening of assessment proceedings under the IT Act 1961. Get practical guidance on your rights and obligations.

New Tax Regime Changes 2023: What You Need to Know

Posted by Pranab Banerjee

06 May 2023 8241 Views

Discover the key changes to India's new tax regime introduced in Budget 2023. Learn about standard deduction, tax rates, and rebate limits.

Alternate Accommodation Tax: Is It Taxable?

Posted by Affluence Advisory 05 May 2023 4585 Views

Understand the taxability of alternate accommodation during property redevelopment. Find out if rental compensation is a capital receipt and not taxable.

ITR Filing FAQs: CBDT Issues Guidance on Common Errors

Posted by Shree 02 May 2023 23942 Views

Struggling with ITR filing? The CBDT has released FAQs addressing common errors for ITR 1, 2, 3, 4, 5, 6, and 7. Find solutions here!

Supreme Court: Sec 153C Amendment Applies Retrospectively

Posted by CA.Mohit Gupta 02 May 2023 8677 Views

Discover how the Supreme Court ruled Section 153C amendment applies to searches before June 1, 2015. Understand the implications for your tax assessments.

Non-Resident Income Taxable in India: Section 9 Explained

Posted by Geetanjali Pandey 29 April 2023 6124 Views

Understand income deemed to accrue or arise in India for non-residents. Learn about business connection, significant economic presence, and taxable income sources.

Taxability of Non-Residents in India: Key Concepts

Posted by Geetanjali Pandey 28 April 2023 5995 Views

Understand the taxability of non-residents in India. Explore key concepts like residential status, scope of income, and business connection under the Income Tax Act.