Income Tax Articles

File Form 29D to get refund

Posted by Neethi V. Kannanth 23 August 2022 12810 Views

The CBDT through notification no. G.S.R. 634(E) dated 17 August,2022 has amended Income Tax Rules, 1962. As per the notification, a non-resident is required to file Form 29D to claim refund. Read on to know more.

Amount Received Under A Settlement Or Decree May Not Be Taxable Under IT Act 1961

Posted by Adv. Ravish Bhatt, ADIT, CIOT 22 August 2022 39762 Views

In practice, nature of receipt shall be determined by extensive scrutiny of pleadings in suit and / or recitals contained in the settlement agreement and careful drafting will be quintessential.

Clause 44: Clarifications as per new guidance note - AY 2022-2023

Posted by CA Sudhir Halakhandi 22 August 2022 19210 Views

Clause 44: Clarifications as per new guidance note for Assessment Year 2022-2023

Clause 44 of Form 3CD: An illustrative analysis

Posted by CA Sudhir Halakhandi 21 August 2022 117119 Views

The ICAI has issued revised Guidance Note dated 14th Aug. 2022 on 19th Aug 2022 and with respect to the Clause Number 44.

Decoding of Clause 44 of Tax Audit Report (3CD)

Posted by Shankit Sharma 20 August 2022 19688 Views

A question may arise whether the above information is to be given in respect of each and every head of expenditure or only the total expenditure is to be given.

Fixed Deposits: Best Investment or Not

Posted by Taxblock 20 August 2022 3007 Views

Fixed deposits basically mean putting a certain amount of money for a fixed period. You can earn interest on the principal sum throughout the tenure on a cumulative basis. The interest earned gets added to the principal amount after every specific interval.