Income Tax Articles

Analysis of Section 115BA, 115BAA, 115BAB of Income Tax

CMA Damini Agarwal 16 June 2020 at 16:29

Several amendments are made in the Income Tax Act, 1961 through ordinance in Section 115BAA, Section 115BAB were inserted in the Income Tax Act, 1961

All about revised Form 26AS

VAISHALI PARTH AND ASSOCIATES 16 June 2020 at 09:51

New 26AS form now will provide much more comprehensive information of taxpayer in short it can be said that now it will provide complete profile of the taxpayer.

Bar on Subsequent Application to Income Tax Settlement Commission

CA.Mohit Gupta 15 June 2020 at 08:47

Bar on Subsequent Application to Income Tax Settlement Commission: Conflict between Legislative Intention and Judicial View

Due dates of Advance Tax for the FY 2020-2021

CA Rahul Mittal 15 June 2020 at 08:47

Apart from TDS and TCS, the Government collects taxes on a quarterly basis in the form of advance tax before the end of a financial year, ensuring constant flow of tax revenue during the year rather than at the year-end.

Income tax benefits for FY 2019-20 (AY 2020-21)

Chandra Sekhar Reddy 15 June 2020 at 08:44

June 30 th is an extremely important deadline for the taxpayers. Here are some exemptions you can claim before June 30th.

How to make PAN Card Correction?

Ritika Agarwal 11 June 2020 at 18:01

PAN holds extreme importance in India, not only for Income Tax purposes but also as a proof of identity. Know how to make PAN Card Correction online/Offline on NSDL website.

Equalisation Levy: Applicability, Features and Penalty

CA Rahul Mittal 11 June 2020 at 13:58

Equalisation Levy: Applicability, Features and Penalty

Summary of the Sections restricting cash payment under the Income Tax Act, 1961

Arvind Tuli 11 June 2020 at 09:53

A brief Summary of the Sections restricting cash payment under the Income Tax Act, 1961.

What is Standard Deduction for Salaried Individuals?

Manzil Arora 10 June 2020 at 17:57

A standard deduction of flat INR 50,000 is available to the taxpayers. From FY 2020-21 the Standard Deduction can be claimed if the salaried individual does not opt for concessional Tax Rates in the New Tax Regime.