Income Tax Articles

Circular 18/2022 issued by CBDT on Section 194R

Posted by Shikhar Khurana 19 September 2022 14809 Views

Vide the powers conferred under sub-section (2) of section 194R of the Income Tax Act, 1961 (‘Act’) the Central Board of Direct Taxes ('CBDT') has issued guidelines for removal of difficulties in implementation of this section. These guidelines are binding on the income tax authorities and on the person providing such benefit/ perquisite.

Inquiry made u/s 142 or 142A of income tax act

Posted by Taxblock 17 September 2022 7591 Views

Section 142 and 142A of the Income-tax Act deal with giving notice to the assessee to submit returns, produce accounts, documents, etc.

Notices u/s 142(1) of Income Tax Act

Posted by Taxblock 16 September 2022 11730 Views

Notices are issued by the income tax department under the various provisions of the Income Tax Act to the assesses with the purpose to assure greater tax compliances. The notices are covered under section 142 of the income tax act.

Mismatch Of TDS With 26AS

Posted by Taxblock 15 September 2022 12190 Views

Mismatch of TDS refers to the situation when the details of Form 16 and Form 26AS differ from each other.

Scrutiny of Taxpayer by Income Tax Department

Posted by Taxblock 14 September 2022 8407 Views

The scrutiny aims at providing an opportunity of being heard to the accuracy of the return through documentary evidence.

Income tax raid and rights of an assessee during the raid

Posted by Taxblock 13 September 2022 11021 Views

An income tax raid is an operation of search and seizure which is conducted by the income tax department on the business or residential premises of taxpayers with an objective to reveal all the undisclosed income of the assesses.

Accounting, Audit and Taxation Future & Options (F&O)

Posted by CA Aakarsh Jain 09 September 2022 30785 Views

Trading in shares and derivatives (F&O trading) is commonplace today. You won't believe that the depositories added approximately 14.3 million new investors during the year that concluded on March 31, 2021. We also cannot ignore the influence of digitalization and the platforms available for stock and derivative market investing.

What is the agreement of a gift and how to make it?

Posted by Ashok Pitroda 09 September 2022 5415 Views

The article explains how to make a gift agreement in very simple terms.

Taxation of unlisted shares & biggest catch on disclosure

Posted by Yash Jain 07 September 2022 5461 Views

Nowadays there is a boom in equity transactions, investment etc., Indian investors have gone beyond traditional gold, silver, real estate to equities, mutual funds and few have further seen to be investing in the public companies which are about to be listed (Shares brought in unlisted market).

5 financial issues that you should pay attention to in September

Posted by CA Aakarsh Jain 07 September 2022 5118 Views

There are several significant changes coming up in September that will affect your savings, regardless of whether you pay income taxes, use debit cards for regular purchases, or participate in the national pension system.