Income Tax Articles

Taxation of Income from Cross-border Interest

CA Arun Valera 29 July 2019 at 11:11

What is Interest? I asked my students before commencing the discussion on Article 11 of the Model Tax Convention. One of my students got up and sa

Notional income in case of real estate companies

Suresh Thiyagarajan 25 July 2019 at 12:25

Income from unsold flats by Real Estate Companies:We all know at any point in time companies engaged in the business of construction of residential house proper..

Simple explanation of sec 194J by tax expert

Kavitha N 24 July 2019 at 11:15

Meera, a Student Company Secretary, she was quite clear about all the laws related to Company Act, 2013. But she was quite unclear about the laws related to Inc..

10 Important changes in ITR of 2018-19

CA Umesh Sharma 23 July 2019 at 11:58

Arjuna(Fictional Character) : Krishna, 31st July 2019 is the due date of filing Income Tax Return for the F.Y. 2018-19, to whom it is applicable and what care should be taken by the taxpayer?

Section 56 on buy back of shares : An undying conundrum

Mayank Mohanka 23 July 2019 at 11:57

Applicability of Section 56(2)(viia) & 56(2)(x) of the Income Tax Act, 1961 on Fresh /Bonus/Right Issue & Buy Back of Shares: An Undying Conundrum!!

Recourses to Assessee after his Income Tax Return is processed

Chetan Bhatt 23 July 2019 at 11:56

The income tax department examines the return of income for its correctness. The process of examining the return by the income tax department is termed as asses..

CBDT finally hears plea of CAs and extends ITR deadline to 31st August

Vaishali Dhek 22 July 2019 at 11:49

The last date of filing returns for the assessment year 2019-20 is 31st July. However the Income Tax Department might consider extension of the due

TDS Section 194A - TDS on interest other than interest on securities

CA Himanshu Gandotra 22 July 2019 at 11:49

Section 194A covers provisions relating to deduction of TDS on interest other than interest on securities credited or paid by any person other than an individual or HUF to any resident, or an individual or HUF covered u/s 44AB(a)/(b).

Legal validity of Major changes in ITR schema

CA Tejas Andharia 19 July 2019 at 12:06

Does it seem that the legal validity of certain major changes in ITR Schema is questionable? Attempt to analyse with reference to legal provisions

Requirement of Gratuity Funding For Private Schools?

Tikaram Chaudhary 19 July 2019 at 12:05

The Payment of Gratuity (Amendment) Act 2018 provides Social Security to Teachers working in Educational institution (i.e. Private Schools) having 10 or more em..