Income Tax Articles

TDS/TCS Rates w.e.f. 1st April 2021

Desh Raj 02 April 2021 at 13:28

The updated rates for Tax Deducted at Source and Tax Collected at Source which will be applicable from 1st April 2021 have been listed in this article.

How can NRIs transfer funds Overseas from India?

CA. Aditya Goel 02 April 2021 at 09:54

The NRI has to fill up and submit Form 15CA (Online Application Form) and Form 15CB (Chartered Accountant Certificate) to the bank branch to transfer money from India to a foreign country.

Deduction under Section 80DD & 80DDB

Ritik Chopra 01 April 2021 at 09:57

Discussing Deduction in respect of maintenance including medical treatment of dependent that is a person with disability [Section 80DD] and Deduction in respect of medical treatment, etc. (Section 80DDB).

IT Department sends partly faulty communication specifying High Value Information

CMA Navneet Kr Jain 30 March 2021 at 15:05

The income Tax department sends communications specifying High Value Information and seeks further information however communications seem to be partially faulty.

Section 80D of Income Tax Act

Ritik Chopra 30 March 2021 at 12:41

One of the most common expenditure of the general public is on medical/health insurance. Deduction regarding health insurance is allowed if health insurance premium is paid during the previous year out of income chargeable to tax and it is paid by any mode other than in cash.

Extract of Provisions Contained in Faceless Assessment Scheme w.e.f. 1st April 2021

Latish Alwani 30 March 2021 at 12:29

Studying and analysing the Faceless Assessment (Section-144B) w.e.f. 01/04/2021 And Faceless Assessment Scheme, 2019.

Company Dividend is Taxable from FY 2020-21 but What about Mutual Fund Dividend?

Soumya Laha 30 March 2021 at 09:54

There are very few clarifications regarding Mutual Fund Dividend Exemption under section 10(35). Is it still available or not? Let's read and understand with official links.

TDS Rates applicable for FY 2021-22 or AY 2022-23

CA Jainish R. Parikh 28 March 2021 at 14:27

TDS rate Chart for FY 2021-22 and AY 2022-23. The TDS rate chart has been updated with all the latest amendments as per the Finance Act 2021.

Section 80CCD Deduction

Prachi Bansal 26 March 2021 at 09:53

In this article, we will be discussing the deductions that are available to the salaried and the self employed individuals taking in aspect Section 80CCD.

Disallowance of Tax Deducted at Source

CA.R.S.KALRA 26 March 2021 at 09:53

The article throws light on Disallowance of Tax Deducted at Source, together with conditions that you must satisfy in order to be eligible for such disallowance.