Income Tax Articles

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.

Section 194IB - The most important yet unnoticed section of Income Tax Act 1961

CA Anurag Sharma 25 March 2021 at 09:49

Section 194IB of the Income Tax Act relates to TDS. Many people are not aware of this section as they confuse it with section 194I, so let's talk about some of the pertinent points relating to it.

Key Tax Law Changes 2021 - Top 10 Key Aspects

CS Lalit Rajput 24 March 2021 at 18:04

FY 2020-21 has been a roller coaster for finance and tax professionals. In this article, we discuss the top 10 important tax law changes that have been made throughout the year.

Finance and Tax Checklist to be ticked before 31st March 2021

CA Sapna Ghelani 24 March 2021 at 12:49

31st March 2021 is just around the corner. Thus, in this article, we are discussing ten major things that you must tick off your checklist before year end.