Income Tax Articles
Tax Compliance Tracker for the month of March 2023
Tax Compliance Tracker - March, 2023
National Pension System (NPS): Additional Tax Saving Option
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!
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
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
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
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.
Capital Gain Tax on Shares
Assets like shares that are listed on a recognised stock exchange and has been held for less than 12 months, are treated as short-term capitals. The proceeds earned through them are treated as short-term capital gains.
Tax Deduction and Documentation for Salary for AY 2023-24
Brief guidelines/ indicative documents to be provided by the employee to the employer for AY 2023-24.
IT calculator for AY 2024-25 with IT ready reckoner for FY 2023-24
22 February 2023
49115 Views
A quick review (Limited Information) of the applicable provisions under the Income Tax Act, 1961 for the F. Y. 2023-24 (A. Y. 2024-25), after incorporating amendments (only key and selective amendments) proposed by the Union Budget of 2023, are given below for ready reference and information.
Case Study: Taxation of Charitable Institutions
A charitable trust derived its income from the business of providing mineral water to various companies situated in Software Technology Park in Hyderabad. A sum of Rs. 30 Lakhs has been derived as income from such business activity, which has been applied for the purpose of "General Public Utility".
Popular Articles
- Individual Income Tax Return Filing Due Dates for FY 2025-26 (AY 2026-27)
- EPFO 3.0 Introduces Faster Claim Settlements and UPI Withdrawals: Latest Update For July 2026
- Kisan Vikas Patra Scheme 2026: Latest Interest, Eligibility, Maturity, Taxability and Investment Benefits
- Senior Citizen After Retirement Must Report These 5 Incomes While Filing ITR for AY 2026-27
- Section 44ADA of the Income Tax Act: Latest Rules and Questions Every Professional Asks
- GST Updates: Last Chance for Taxpayers to Complete FY 2025-26 Process
- PNB FD Interest Rates 2026 for 444 days: Maximize Your Returns Without a Long Lock-In
- New Column in ITR For AY 2026-27: "Receipts Not in Nature of Income" - What Is It?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
