Income Tax Articles

Income Tax Exemption for Political Parties in India

Posted by Sai Charan 04 August 2022 14107 Views

Discover how political parties in India can claim income tax exemption under Section 13A, including conditions and reporting requirements.

Transfer of Property Act 1882: Case Study 5 Explained

Posted by FCS Deepak Pratap Singh 02 August 2022 13002 Views

Explore Case Study 5 on the Transfer of Property Act 1882. Understand how Section 43 protects transferees when property is later acquired by the transferor.

GST on Renting Residential Property: New Rules Explained

Posted by CA Umesh Sharma 01 August 2022 11334 Views

Understand the new GST rules on renting residential property from July 18, 2022. Discover who pays GST and when reverse charge applies.

Constructive Notice in Property Law: Transfer of Property Act

Posted by FCS Deepak Pratap Singh 30 July 2022 5972 Views

Understand constructive notice under the Transfer of Property Act, 1882. Learn about its conditions, presumptions, and exceptions for property transactions.

File ITR Before July 31st: Avoid Late Fees!

Posted by CA Umesh Sharma 29 July 2022 12495 Views

Don't miss the July 31st ITR deadline! Discover documents needed, consequences of late filing, and how to avoid penalties. File now!

Compulsory Income Tax Scrutiny Cases: CBDT Guidelines

Posted by CA Umesh Sharma 28 July 2022 10557 Views

Discover the latest CBDT guidelines for compulsory income tax scrutiny. Understand which cases are selected and why, and ensure your tax returns are accurate.

Crypto Tax in India: Navigating the Income Tax Act, 1961

Posted by Adv. Ravish Bhatt, ADIT, CIOT 28 July 2022 6967 Views

Understand cryptocurrency taxation in India under the Income Tax Act, 1961. Learn about Virtual Digital Assets (VDAs), tax rates, and loss set-offs.

5 Consequences of Not Filing Your Income Tax Return

Posted by Shruti 28 July 2022 11369 Views

Discover the 5 serious consequences of not filing your income tax return, including penalties, loan issues, and loss of refunds. File on time!

Sec 44AD: Deemed vs Actual Profit - What You Need to Know

Posted by Akhil Pachori 28 July 2022 10088 Views

Understand the difference between deemed profit and actual profit under Sec 44AD. Learn why declaring lower profit could lead to tax evasion issues.

What is HRA? Your Guide to House Rent Allowance & Claims

Posted by Niyati 26 July 2022 15548 Views

Understand House Rent Allowance (HRA), how it's calculated based on your salary and rent, and how to claim tax exemptions. Reduce your tax burden now!