Income Tax Articles

Capital Contribution Taxable as Cash Credit? Firm vs Partner

Posted by FCS Deepak Pratap Singh 01 March 2022 8097 Views

Discover if capital contributions by partners are taxable as cash credits for the firm. Learn when Section 68 applies and who is liable.

New TDS Sections 194R & 194S Explained

Posted by Mayank Mohanka 26 February 2022 15272 Views

Understand new TDS sections 194R (benefits/perquisites) & 194S (virtual digital assets) effective July 2022. Learn rates, thresholds & implications.

Save Tax: Top Investment Options Before Year-End

Posted by Neethi V. Kannanth 25 February 2022 6782 Views

Discover the best investment options to save tax before the financial year ends. Explore PF, PPF, ELSS, NPS & more. Act now!

Russia-Ukraine War: India Tax & Trade Impact

Posted by Mayank Mohanka 25 February 2022 9082 Views

Discover how Russia's invasion of Ukraine impacts India's taxes and trade, from market fluctuations to expatriate tax residency. Learn more.

Updated Income Tax Return: Pros & Cons Explained

Posted by CA Umesh Sharma 25 February 2022 5264 Views

Learn about the updated income tax return provision (u/s 139(8A)). Discover its advantages, disadvantages, and conditions for filing. File within 2 years!

Finance Bill 2022: Overturning Judgements Explained

Posted by Mayank Mohanka 24 February 2022 3381 Views

Discover how the Finance Bill 2022 proposes amendments to overturn key judicial decisions. Learn about changes to reassessment, cess, loans, and more.

EPF/GPF Interest Tax: Know Your Taxable Limits

Posted by FCS Deepak Pratap Singh 24 February 2022 4925 Views

Understand new rules for EPF/GPF interest tax. Learn about contribution limits of £2.5L (EPF) & £5L (GPF) for tax-free interest. Find out what's taxable.