Income Tax Articles

Section 196D | TDS on Income of foreign institutional investors from securities

CA.R.S.KALRA 06 March 2021 at 09:59

Under Section 196D of the Income Tax Act, TDS is deducted for a Foreign Institutional Investor if the income is in respect of securities referred to in Section 115AD.

Section 196C | TDS on Income from foreign currency bonds or GDRs

CA.R.S.KALRA 05 March 2021 at 09:48

Under Section 196C, any income arising by way of interest, dividend, or long term capital gains from foreign currency bonds or GDRs is liable for TDS @ 10%.

Taxability In Case Of Partly Agricultural And Partly Non-Agricultural Income

Ritik Chopra 05 March 2021 at 09:48

Discussing how taxpayers can distribute their income in case of agricultural income and non-agricultural income according to Rules 7, 7A, 7B and 8 of the Income Tax Rules, 1962.

Sec 54B - Exemption From Capital Gain on Transfer of Land used for Agricultural Purposes

Neethi V. Kannanth 04 March 2021 at 17:00

The exemption u/s 54B is available only if capital gain arises on transfer of land used for agricultural purpose is utilized for purchasing another land which will be utilized for the purpose of agriculture.

Section 196B | TDS on long term capital gains (LTCG) from units referred to in section 115AB

CA.R.S.KALRA 04 March 2021 at 09:43

Discussing the meaning, rate of TDS, nature of payment etc. of Section 196B which deals with TDS on long term capital gains (LTCG) from units referred to in section 115AB.

Section 195 | TDS on Non-Resident Payments

CA.R.S.KALRA 03 March 2021 at 09:57

Discussing the meaning, rate of TDS, nature of payment and threshold limit etc. of Section 195 of the Income Tax Act - TDS on Non-Resident Payments.

Section 194O | TDS on E-commerce Operator

CA.R.S.KALRA 02 March 2021 at 09:52

Discussing Section 194O of the Income Tax Act, which deals with the TDS on E-commerce Operator including its meaning, rate of TDS, and recent amendments etc.

ITR Not Processed Yet? Try these 4 Things!

Aishna Kukreja 01 March 2021 at 15:38

In case, due to any reason your ITR is not processed, the concerned authorities may ask you to explain further or correct your mistakes. Discussing four reasons why your ITR hasn't been processed and how you can resolve this issue.

Taxation Due Dates Extended under Income Tax (Penalty & Assessment / Re-assessment) and Benami Act

CS Lalit Rajput 01 March 2021 at 09:50

The Central Board of Direct Taxes has extended various due dates of Assessment and Re-Assessment under the Income Tax Act, together with due dates under the Benami Act.

Section 194N | TDS on cash withdrawal from banks/post offices

CA.R.S.KALRA 01 March 2021 at 09:50

Discussing Section 194N of the Income Tax Act, which deals with the TDS on cash withdrawal from banks/post offices, including its meaning, rate of TDS, exemptions etc.