Income Tax Articles

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.

Concept of Tax Information Exchange Agreement in India with Tax Havens and Secrecy Jurisdictions

CA. Pushp Kumar Sahu 11 January 2021 at 09:47

TIEA’s have proven to be a boon for the Indian Tax Administration by providing sensitive financial information about the residents of India who have accumulated wealth outside India.

Advance Ruling - A Crucial Concept in International Taxation

Venkat Raj 11 January 2021 at 09:47

Advance Ruling is a widely used mechanism when a non-resident enters into a transaction with a resident whereby the complexity of the transaction is involved.

International Taxation: Taxation of Non-residents Shipping Business- Section 172 of the Act

CA Mehul Thakker 09 January 2021 at 15:24

In this article, we discuss about another code under the Income Tax Act, that governs the taxation of non-residents' shipping business which has an overriding effect over all the provisions of Income Tax Act including section 44B.

Section 194A | TDS on Interest (Other Than Interest on Securities)

CA.R.S.KALRA 09 January 2021 at 09:32

In this article, we discuss all about Section 194A of the Income Tax Act 1961, which deals with the TDS on Interest (Other Than Interest on Securities), including its threshold limit, rate of TDS and recent amendments.

Seizure of undisclosed jewellery and its assessment thereupon- Legal Treatise

CA.Mohit Gupta 08 January 2021 at 16:55

CBDT has clarified that no seizure should be made by the Search Party of the Jewellery and Ornaments found during the course of search proceedings under Section 132 of the IT Act,1961, where the same have been duly declared in the Wealth-tax returns.

Section 194 | TDS on Payment of Dividend

CA.R.S.KALRA 08 January 2021 at 09:37

In this article, we discuss all about Section 194 of the Income Tax Act 1961, which deals with TDS on Payment of Dividend, including its threshold limit, rate of TDS and a tabular summary of the entire section.