Income Tax Articles

All you need to know about Gifts

Posted by CA Pooja Dhoot 06 March 2023 5165 Views

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".

Nuances of tax laws - How to understand & interpret?

Posted by CS Advocate Abhishek Goyal 04 March 2023 6157 Views

Rule of harmonious construction requires that a provision of law must be read as a whole and not in isolation. The law should be given effect to without adding anything as per the intention of the legislature.

Benefits available to a senior citizen in filling ITR for FY 2022-23

Posted by Aisha 01 March 2023 14778 Views

Senior citizens and a very senior citizen are granted a higher exemption limit as compared to normal tax payers. Exemption limit is the quantum of income up to which a person is not liable to pay tax.

Updated ITR - Section 139(8A)

Posted by CA Himanshu Gandotra 01 March 2023 7908 Views

As the financial year 2022-23 is approaching its end, the last date to file ITR for previous years is also expiring. In this article, let's discuss the two options to file ITR after due date of filing has expired.

Tax Compliance Tracker for the month of March 2023

Posted by CS Lalit Rajput 28 February 2023 11063 Views

Tax Compliance Tracker - March, 2023

National Pension System (NPS): Additional Tax Saving Option

Posted by Affluence Advisory 28 February 2023 3069 Views

National Pension System (NPS) is a pension cum investment scheme launched by the Government of India to provide old age security to Citizens of India. It brings an attractive long-term saving avenue to effectively plan your retirement through safe and regulated market-based returns.

Impact of Changes in ITR Forms for FY 2022-23!

Posted by CA Umesh Sharma 27 February 2023 4537 Views

New ITR forms have been notified by CBDT on 10/02/2023 and 14/02/2023, what is your view on that

Donation to Political Parties under Section 80GGC

Posted by CA Ramanujan Sharma 27 February 2023 6697 Views

In this article, the author has tried to explain the section and procedure to be followed for contribution to a political party in a brief and simplified manne....

5 Effective Strategies to Reduce DSO and Improve Cash Flow

Posted by Rashmi 27 February 2023 2107 Views

A high DSO can indicate that a company is having difficulty collecting payments, which can negatively impact its cash flow and financial stability. Here are some ways to reduce DSO

Section 150: Notice From The Department

Posted by Aisha 25 February 2023 22997 Views

Section 150 of the CGST Act 2017 states that certain entities such as taxable persons, local authorities, banks, state and central government authorities, etc. If a person does not furnish the information return within the specified time period, a notice may be served upon them requiring the same to be furnished within a period not exceeding 90 days.