Income Tax Articles

Deemed Dividends: Key Cases & Tax Implications

Posted by FCS Deepak Pratap Singh 25 May 2022 5166 Views

Explore significant cases on deemed dividends, including bonus shares, share application money interest, and loan advances. Understand tax implications under Section 56(2)(x) and 2(22).

Professional Tax Explained: Rates, Applicability & Payment

Posted by Neethi V. Kannanth 24 May 2022 25697 Views

Understand Professional Tax in India. Learn who it applies to, how rates vary by state, and how self-employed and salaried individuals pay it.

Section 115BAB: Low Tax for New Manufacturers

Posted by Vaibhav Singh 22 May 2022 22792 Views

Discover Section 115BAB! New manufacturing companies can benefit from a low 15% tax rate. Learn eligibility and how to opt-in.

Income Tax Time Travel: Avengers Endgame Analogy

Posted by Mayank Mohanka 19 May 2022 20928 Views

Discover how CBDT Instruction No. 1/2022 uses a fictional 'time travel' concept, similar to Avengers Endgame, to interpret reassessment notices under the Income Tax Act.

ITR-U: File Updated Income Tax Return Under Section 139(8A)

Posted by CA Piyush Agarwal 16 May 2022 26360 Views

Learn about the updated Income Tax Return (ITR-U) under Section 139(8A). File within 2 years with additional tax. Find out who can and cannot file.

File Updated Tax Return After Deadline: New Rules

Posted by Ajay Kumar Maggidi 16 May 2022 11241 Views

Missed the tax return deadline? Discover the 'Updated Return' facility allowing you to file or correct your tax return up to 24 months later. Learn more!

Income Tax Return Filing: Your Top FAQs Answered

Posted by Vaibhav Singh 14 May 2022 5275 Views

Confused about income tax return filing? Get clear answers to common questions about tax regimes, capital gains, crypto, and IPOs. File with confidence!

Gratuity Eligibility Criteria: Your Guide

Posted by Rajesh Kumar 14 May 2022 5334 Views

Understand the eligibility criteria for gratuity in India. Learn about service requirements, termination conditions, and who is entitled to this retirement benefit.

CBDT Instruction Flaws: Section 149 & 3-Year Limit

Posted by Mayank Mohanka 12 May 2022 14526 Views

Discover critical flaws in CBDT Instruction 01/2022 regarding Section 149 time limits for reassessment notices. Understand the impact on AYs 2013-2017.

Angel Investors & Angel Tax: Your Guide to IT Act 1961

Posted by FCS Deepak Pratap Singh 11 May 2022 7310 Views

Understand angel investors and angel tax under the IT Act 1961. Learn about exemptions, eligibility, and how to navigate these crucial aspects for your startup....