Income Tax Articles

Safe Harbour Rules: Simplify Transfer Pricing in India

Posted by FCS Deepak Pratap Singh 11 April 2022 3396 Views

Understand Safe Harbour Rules under India's Income Tax Act 1961. Learn how they offer certainty and reduce disputes for international transactions.

Box Office Collections: Uncovering Potential Money Laundering

Posted by CA Ranganatha Achar K 08 April 2022 6733 Views

Investigate how box office collections might be used for money laundering, from placement and layering to integration. Understand the red flags.

ITR Filing Due Dates FY 2021-22 (AY 2022-23)

Posted by Ishita Ramani 06 April 2022 27285 Views

Don't miss your Income Tax Return filing deadline for FY 2021-22 (AY 2022-23). Find all ITR filing due dates for individuals, companies, LLPs, and HUFs here.

Maharashtra Tax Settlement Scheme 2022: Settle Arrears

Posted by CA Umesh Sharma 04 April 2022 8356 Views

Settle old tax, interest, penalty, or late fees with the Maharashtra Settlement of Arrears Scheme 2022. Learn how to apply and benefit from concessions.

CBDT Clarifies MFN Clause for Lower Source Taxation

Posted by Adv. Ravish Bhatt, ADIT, CIOT 03 April 2022 6029 Views

Understand the CBDT's clarification on MFN clauses for lower source taxation rates in DTAAs. Learn how OECD membership dates impact treaty benefits.

Holding & Subsidiary Asset Transfer Tax Rules

Posted by FCS Deepak Pratap Singh 28 March 2022 7431 Views

Understand tax implications of transferring capital assets between holding and subsidiary companies. Learn about exemptions and withdrawal conditions.

Notional Interest on Security Deposits & Perquisites

Posted by FCS Deepak Pratap Singh 23 March 2022 4137 Views

Discover if notional interest on employer-paid security deposits for employee accommodation counts towards perquisites. Learn about IT rules and court decisions.

Taxation of commission income of insurance agents

Posted by Pooja Prasad 22 August 2023 168343 Views

A lot of confusion arises when it comes to the income tax filing of insurance agents. An insurance agent, although having aggregate turnover below the audit limits, cannot file his Income Tax Return u/s 44AD, i.e., ITR-4. How does he file his ITR then!

Section 79A: No Loss Set-Off on Undisclosed Income

Posted by CA.Mohit Gupta 21 March 2022 10729 Views

Learn about the Finance Bill 2022's Section 79A, preventing loss set-offs against undisclosed income found during searches and surveys. Understand its impact.

Section 68 Income Tax Act 1961: Critical Analysis

Posted by CA. Pushp Kumar Sahu 19 March 2022 11913 Views

Understand Section 68 of the Income Tax Act, 1961. Learn its purpose, applicability, and the onus on assessees regarding cash credits. Avoid hefty penalties.