Income Tax Articles
Best Judgment vs Income Escaping Assessment
Understand Best Judgment Assessment (Sec 144) and Income Escaping Assessment (Sec 147). Learn when tax authorities can assess your income.
Demerger Expenses Allowed to Resulting Company: Sec 35DD
Discover how the Delhi High Court ruled that demerger expenses under Sec 35DD are allowable to the resulting company, easing corporate restructuring.
Self Assessment & Enquiry Before Tax Assessment Explained
Understand Self Assessment (Sec 140A) and Enquiry Before Assessment (Sec 142) under Income Tax. Learn your obligations and the AO's powers. Read now!
Additional Tax under section 140B
A new section 140B has been proposed in the Union Budget,2022. If an assessee opts for filing the return under newly proposed section 139(8A), an additional tax is required to be paid under Section 140B.
Section 112A: Tax on Long-Term Capital Gains
Understand Section 112A tax on long-term capital gains for shares & funds. Learn about the 10% tax rate, Rs 1 lakh exemption, and grandfathering rules.
Income Tax Assessments: Summary vs Regular
Understand Summary Assessment (Sec 143(1)) and Regular Assessment (Sec 143(3)) for income tax. Learn about adjustments, time limits, and your rights.
Housing Loans & EMIs: A Smart Financial Guide
Understand housing loans and EMIs. Learn how to manage your finances wisely and make informed decisions about homeownership. Read our expert tips.
Crypto Tax India: Decoding 2022 Budget Implications
Understand the new 30% tax on crypto and NFTs in India from the 2022 budget. Learn about TDS, loss set-off, and expense deductions.
Non-Refundable Grants: Capital Expenditure or Deductible Expense?
Explore whether non-refundable grants are capital expenditure or deductible expenses. Understand the Supreme Court's ruling in the NCDC vs. CIT case.
Virtual Digital Asset Tax: What You Need to Know
Understand the taxation of Virtual Digital Assets (VDAs) in India. Learn about the 30% tax rate, allowable deductions, and TDS implications under the Finance Bill 2022.
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