Income Tax Articles

ITR Refund Quick Process

Posted by CS Lalit Rajput 16 August 2022 56398 Views

Under the income tax and other Direct Tax laws, tax refunds arise in those cases where the amount of tax paid by a person (or paid on his/her behalf) is greater than the amount on which he/she is properly chargeable. When you file the return of your income, you can avail tax refund.

Case Study 7 - Income Tax Act 1961 (Gift of Equity Shares)

Posted by FCS Deepak Pratap Singh 06 August 2022 13148 Views

Income Tax Act 1961 (Gift of Equity Shares)

Tax Compliance Tracker - August, 2022

Posted by CS Lalit Rajput 04 August 2022 9573 Views

Tax Compliance Tracker for the m/o August, 2022

Income Tax on Political Parties

Posted by Sai Charan 04 August 2022 14093 Views

Political parties play a key role in democracies as they contest elections, form governments and policies and are responsible for providing Government and for the improvement of the lives of the common man.

Case Study 5 - Transfer of Property Act 1882

Posted by FCS Deepak Pratap Singh 02 August 2022 12989 Views

It is a well-established fact that a person cannot transfer to another person more than he has or a person cannot transfer to another person what he does not has at the time of transfer.

What is Change in GST on Renting of Residential Property?

Posted by CA Umesh Sharma 01 August 2022 11328 Views

Changes relating to GST rate, in pursuance of recommendations are coming into effect from the 18th of July 2022, CBIC has issued notification no. 5/2022 regarding Reverse Charge on renting of residential dwelling for use as residence to a registered person.

Presumption of constructive notice concerning Transfer of Property Act, 1882

Posted by FCS Deepak Pratap Singh 30 July 2022 5963 Views

Section 3 of the Transfer of Property Act, 1882 asserts under what circumstances a person is said to have a knowledge of fact or notice. Notice is mentioned in section 39, 40, 41, 53 and 53(A) of the Transfer of Property Act.

Attention: ITR Due Date may not be extended, File ITR before 31st July 2022 to avoid late fees of 1000/5000

Posted by CA Umesh Sharma 29 July 2022 12489 Views

The Due Dates for all Individuals, HUF's and Firms who are not required to audit their books of accounts, company assessee, LLP's assessee, etc. are required to file their Income Tax Return before 31st July,2022. So this is the last week to file Income Tax Return.

Cases of Compulsory Scrutiny of Income Tax!

Posted by CA Umesh Sharma 28 July 2022 10554 Views

CBDT has provided Guidelines for compulsory selection of returns for Complete Scrutiny for FY 2022-23. Also, procedure for compulsory selection has also been provided in the guidelines provided by CBDT.