Income Tax Articles

Deferred Tax Asset and Deferred Tax Liability

Neethi V. Kannanth 20 January 2021 at 09:53

In this article , the meaning of deferred tax asset and deferred tax liability has been explained along with brief examples for better understandability.

Section 194DA | TDS on Payment in respect of Life Insurance Policy

CA.R.S.KALRA 18 January 2021 at 09:58

This article discusses the TDS provisions applicable on payment in respect of Life Insurance Policy like who is responsible to deduct tax ,time period of deduction, rate etc.

Persons Who Are Compulsorily Required To File ITR in India

Meet Gudhka 18 January 2021 at 09:58

This article focuses on the provisions laid down in the Income Tax Act, 1961 with respect to mandatory filing of a Return of Income (conveniently known as ITR) by an Individual.

Taxation of Derivative Transactions

Kanj 16 January 2021 at 13:00

The purpose of this article is to assist the new entrants regarding the taxation of derivative transactions and the method of computation of profits arising out of derivative trading.

Section 194D | TDS on Insurance Commission

CA.R.S.KALRA 15 January 2021 at 09:51

In this article, we understand all about Section 194D which deals with the TDS on Insurance Commission including when such tax is or isn't to be deducted, rate of TDS, and reinsurance.

Decoding the New Rules of Penalty Shoot-out: Faceless Penalty Scheme 2021!!

Mayank Mohanka 15 January 2021 at 09:51

In this Taxalogue, we have decoded and explained the newly inserted rules of penalty shoot-out i.e. the newly legislated Faceless Penalty Scheme, 2021 and its provisions.

Ways to ascertain the points required in Form 3CD from Tally ERP 9

CA Kushwanth AVSR 15 January 2021 at 09:51

Among the softwares that are used for the preparation of books of accounts, Tally Software is widely used. In this article, we ascertain some relevant points in Form 3CD from Tally ERP 9 while doing Tax Audit.

Trust Taxation- Amendments

Venkat Raj 14 January 2021 at 10:33

In this article, we understand the Amendments in Trust Taxation bought in by the Finance Act 2020 and keeping in view, the aftermath of COVID-19 pandemic.

Section 194C | TDS on Payment to Contractor

CA.R.S.KALRA 13 January 2021 at 09:54

Discussing all about Section 194C of the Income Tax Act, which deals with TDS on Payment to Contractor including its meaning, eligibility, TDS Rate, Non-Applicability and Important Case Laws.

Section 194BB | TDS on Winning from Horse Races

CA.R.S.KALRA 12 January 2021 at 10:00

Any person, who is responsible for paying to any person any income by way of winnings from any horse race an amount exceeding Rs. 10,000 (Rs. 5,000 up to 31.5.2016) shall deduct TDS @ 30%.