Income Tax Articles

GST and Income Tax Returns - Compliance Calendar October 2020

CA Rahul Mittal 01 October 2020 at 17:03

Compliance Calendar and Due Dates for various income tax and GST returns to be filed during the month of October 2020

TCS u/s 206C (1H) - FAQs answered!

CA Chandra Kishore Bajpai 01 October 2020 at 15:09

TCS u/s 206C (1H) has come into effect on 1st October 2020. Herein, we have answered some of the most asked questions regarding the section.

TCS u/s 206C (1H) - A beginners guide!

CA Santhosh Gupta Kethepalli 30 September 2020 at 15:49

TCS u/s 206C (1H) will be applicable w.e.f 1st October 2020. Understand the provisions of the section here.

Section 194-O of the Income Tax Act, 1961

Vivek Jalan 30 September 2020 at 14:53

The Finance Bill 2020 has introduced a new Section 194-O to mandate Electronic Commerce Operators for deducting TDS. Let us understand the provision

Taxability of various perks offered by the PSUs, under the Income Tax Act, 1961

Madhur Gandhi 30 September 2020 at 10:10

Various perks and allowances are offered to the officials by the PSU's. Let us discuss how they are taxed under the Income Tax Act, 1961.

Vodafone wins arbitration against India in retrospective tax case

Shreya Bafna 29 September 2020 at 10:29

The telecom major Vodafone won a long-pending case against the Indian government in an international court over Rs.22, 000 crore in a retrospective tax dispute. Let's take a look at what happened.

Cases where Income of a Previous Year will be assessed in the Previous Year Itself under Income Tax Act

CA Santhosh Gupta Kethepalli 28 September 2020 at 17:46

The income of a previous year is assessed in the assessment year following the previous year. However, there are certain exceptions to this rule. Let us understand those.

Section 68 of The Income Tax Act, 1961

Satvik 28 September 2020 at 17:46

Understanding section 68 of The Income Tax Act, 1961 with case laws and illustrations.

Liability Of Legal Representative Under Income Tax Act,1961

FCS Deepak Pratap Singh 28 September 2020 at 10:39

There are numerous situations under which it is not possible to find out the real person to access tax on, due to various reasons. Read the article to know who may be liable under these circumstances.