Income Tax Articles

Women related Income tax and financial benefits

Posted by CA Umesh Sharma 07 March 2022 7808 Views

Let's discuss the life journey from a girl child to a woman, and what are the rights, Income tax benefits, and other benefits available to women in Indian laws....

Whether sub-leasing of properties will be taxable in PGBP or income from house property

Posted by FCS Deepak Pratap Singh 05 March 2022 6735 Views

Whether Income from Sub-leasing of properties will be considered as Income from Profits and Gain from Business or Profession (Section 28) or Income form House Property (Section 22).

Assessment under provisions of Section 153A of IT Act, 1961

Posted by FCS Deepak Pratap Singh 04 March 2022 6644 Views

SOME IMPORTANT FACTS RELATED TO ASSESSMENT UNDER SECTION 153A OF THE INCOME TAX ACT, 1961

Can GAAR override DTAA?

Posted by Mayank Mohanka 04 March 2022 5046 Views

In this article, I am making an honest and sincere attempt to find a plausible, logical and well-reasoned answer to this complicated question, analysing the applicable provisions of the Constitution of India, the Income Tax Act, 1961

Difference between Fiscal Year and Assessment Year

Posted by Suhani Ahuja 03 March 2022 7038 Views

The end of the Fiscal year is approaching, and with it, the last day for filing your Income Tax Returns (ITR). But what exactly is a Fiscal Year?

Tax Implications on Gifting of Shares

Posted by Poojitha Raam Vinay

03 March 2022 43803 Views

The word transfer means a delivery of property, especially stocks and shares, from one person to another.

Is gift deed need to be registered?

Posted by Ashok Pitroda 02 March 2022 17983 Views

A very common and frequent question running in the mind of taxpayers is the gift deed needs to be registered. In this part, you can gain knowledge about various provisions relating to the registration of gift deed.

Whether capital contribution in cash by partners will be taxable as cash credit

Posted by FCS Deepak Pratap Singh 01 March 2022 8053 Views

Can capital contribution of the individual partners credited to their accounts in the books of the firm be taxed as cash credit in the hands of the firm, where the partners have admitted their capital contribution but failed to explain satisfactorily the source of receipt in their individual hands?

All You Wish to Know about New TDS Sections 194R, 194S & Much More

Posted by Mayank Mohanka 26 February 2022 15254 Views

The Finance Bill 2022 has proposed two completely new TDS sections, 194R and 194S, in the Income Tax Act, to be made effective from 1.7.2022.

Investment Options for Saving Tax

Posted by Neethi V. Kannanth 25 February 2022 6740 Views

As we are marching towards the end of the F.Y. 2021-22, it’s time to make a few last-minute investments to save taxes. Here are some of the options available to you as mentioned in this article.