Income Tax Articles


TDS on Purchase of Goods: Section 194Q Explained

Posted by CA AJIT YADKIKAR 11 April 2024 9737 Views

Learn about TDS on purchase of goods under Section 194Q. Discover rates, applicability, consequences of non-compliance, and more. Read now!



Best Judgment vs Income Escaping Assessment

Posted by Neethi V. Kannanth 18 February 2022 8619 Views

Understand Best Judgment Assessment (Sec 144) and Income Escaping Assessment (Sec 147). Learn when tax authorities can assess your income.



Demerger Expenses Allowed to Resulting Company: Sec 35DD

Posted by FCS Deepak Pratap Singh 17 February 2022 6256 Views

Discover how the Delhi High Court ruled that demerger expenses under Sec 35DD are allowable to the resulting company, easing corporate restructuring.



Self Assessment & Enquiry Before Tax Assessment Explained

Posted by Neethi V. Kannanth 16 February 2022 4765 Views

Understand Self Assessment (Sec 140A) and Enquiry Before Assessment (Sec 142) under Income Tax. Learn your obligations and the AO's powers. Read now!



Additional Tax under section 140B

Posted by Neethi V. Kannanth 08 April 2023 123742 Views

A new section 140B has been proposed in the Union Budget,2022. If an assessee opts for filing the return under newly proposed section 139(8A), an additional tax is required to be paid under Section 140B.



Section 112A: Tax on Long-Term Capital Gains

Posted by Aarti Maurya 08 April 2024 9029 Views

Understand Section 112A tax on long-term capital gains for shares & funds. Learn about the 10% tax rate, Rs 1 lakh exemption, and grandfathering rules.



Income Tax Assessments: Summary vs Regular

Posted by Neethi V. Kannanth 15 February 2022 8276 Views

Understand Summary Assessment (Sec 143(1)) and Regular Assessment (Sec 143(3)) for income tax. Learn about adjustments, time limits, and your rights.



Housing Loans & EMIs: A Smart Financial Guide

Posted by CA Ranganatha Achar K 14 February 2022 3927 Views

Understand housing loans and EMIs. Learn how to manage your finances wisely and make informed decisions about homeownership. Read our expert tips.



Crypto Tax India: Decoding 2022 Budget Implications

Posted by CA Jigar Shah 11 February 2022 6933 Views

Understand the new 30% tax on crypto and NFTs in India from the 2022 budget. Learn about TDS, loss set-off, and expense deductions.



Non-Refundable Grants: Capital Expenditure or Deductible Expense?

Posted by FCS Deepak Pratap Singh 08 February 2022 2907 Views

Explore whether non-refundable grants are capital expenditure or deductible expenses. Understand the Supreme Court's ruling in the NCDC vs. CIT case.




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