Income Tax Articles

June 2022 Tax Compliance Deadlines: Income Tax & GST

Posted by CS Lalit Rajput 30 May 2022 11080 Views

Stay compliant! Find all your June 2022 Income Tax and GST filing deadlines, including TDS, GSTR-3B, GSTR-1, and more. Don't miss out!

New ITR Forms: 6 Major Changes for AY 2022-23

Posted by Vaibhav Singh 30 May 2022 34110 Views

Discover the 6 key changes in the new ITR Forms for AY 2022-23. Learn about new disclosure requirements for pension, EPF interest, property, and more.

Mandatory ITR Filing: 11 Situations Explained

Posted by FCS Deepak Pratap Singh 28 May 2022 13242 Views

Discover the 11 situations where filing an Income Tax Return (ITR) is mandatory in India, even if tax wasn't deducted. Learn your obligations.

Taxation of Carbon Credits: Section 115BBG Explained

Posted by Neethi V. Kannanth 27 May 2022 24312 Views

Understand the taxation of carbon credits under Section 115BBG. Learn about rates, deductions, and how to navigate this tax provision.

Higher TDS/TCS Rates: Sections 206AB & 206CCA Explained

Posted by Neethi V. Kannanth 26 May 2022 18968 Views

Understand higher TDS & TCS rates under Sections 206AB & 206CCA. Learn who is a 'Specified Person' and how to check compliance. Avoid penalties.

Deemed Dividends: Key Cases & Tax Implications

Posted by FCS Deepak Pratap Singh 25 May 2022 5160 Views

Explore significant cases on deemed dividends, including bonus shares, share application money interest, and loan advances. Understand tax implications under Section 56(2)(x) and 2(22).

Professional Tax Explained: Rates, Applicability & Payment

Posted by Neethi V. Kannanth 24 May 2022 25685 Views

Understand Professional Tax in India. Learn who it applies to, how rates vary by state, and how self-employed and salaried individuals pay it.

Section 115BAB: Low Tax for New Manufacturers

Posted by Vaibhav Singh 22 May 2022 22786 Views

Discover Section 115BAB! New manufacturing companies can benefit from a low 15% tax rate. Learn eligibility and how to opt-in.

Income Tax Time Travel: Avengers Endgame Analogy

Posted by Mayank Mohanka 19 May 2022 20923 Views

Discover how CBDT Instruction No. 1/2022 uses a fictional 'time travel' concept, similar to Avengers Endgame, to interpret reassessment notices under the Income Tax Act.