Income Tax Articles

Section 194D | TDS on Insurance Commission

CA.R.S.KALRA 15 January 2021 at 09:51

In this article, we understand all about Section 194D which deals with the TDS on Insurance Commission including when such tax is or isn't to be deducted, rate of TDS, and reinsurance.

Decoding the New Rules of Penalty Shoot-out: Faceless Penalty Scheme 2021!!

Mayank Mohanka 15 January 2021 at 09:51

In this Taxalogue, we have decoded and explained the newly inserted rules of penalty shoot-out i.e. the newly legislated Faceless Penalty Scheme, 2021 and its provisions.

Ways to ascertain the points required in Form 3CD from Tally ERP 9

CA Kushwanth AVSR 15 January 2021 at 09:51

Among the softwares that are used for the preparation of books of accounts, Tally Software is widely used. In this article, we ascertain some relevant points in Form 3CD from Tally ERP 9 while doing Tax Audit.

Trust Taxation- Amendments

Venkat Raj 14 January 2021 at 10:33

In this article, we understand the Amendments in Trust Taxation bought in by the Finance Act 2020 and keeping in view, the aftermath of COVID-19 pandemic.

Section 194C | TDS on Payment to Contractor

CA.R.S.KALRA 13 January 2021 at 09:54

Discussing all about Section 194C of the Income Tax Act, which deals with TDS on Payment to Contractor including its meaning, eligibility, TDS Rate, Non-Applicability and Important Case Laws.

Section 194BB | TDS on Winning from Horse Races

CA.R.S.KALRA 12 January 2021 at 10:00

Any person, who is responsible for paying to any person any income by way of winnings from any horse race an amount exceeding Rs. 10,000 (Rs. 5,000 up to 31.5.2016) shall deduct TDS @ 30%.

How to Calculate Gratuity?

M Venkat 12 January 2021 at 10:00

In this article, we understand all about Gratuity, including its meaning, taxability, eligibility, and its calculation for Employees covered under the Payments of Gratuity Act, 1972 and those not covered under the act.

e-Proceeding of Income Tax - Easy Guide

Aruhi 12 January 2021 at 09:52

e-proceedings is an electronic platform for conducting proceedings in an end to end manner created by the Income Tax department. The objective here is to bring about transparency and efficiency in the income tax related proceedings.

Section 194B | TDS on Winnings from Lottery, Game Shows, and Puzzles etc.

CA.R.S.KALRA 11 January 2021 at 09:47

In this article, we understand all about Section 194B, which deals with the TDS on Winnings from Lottery, Game Shows, and Puzzles etc. along with some practical illustrations.

What is Form 16?

CA Sapna Ghelani 11 January 2021 at 09:47

In this article, we understand all about Form 16, including its meaning, eligibility criteria, parts, download process, and linkage between Form 16 and Form 26AS.