Income Tax Articles
Are you aware of these 2 very important tax laws related to income taxable under the head PGBP?
2 important tax laws related to income taxable under the head PGBP has been discussed in this article.
Five Tax Advice No One Tells You
As the due date for filing of return is just around the corner and most of you would be in a hurry to file their return of income, here are a few things related to your return of income that nobody advises you about. Take a pause and have a look at it before you file your return of income.
Why Income Tax due Date needs to be extended
Few of the problems listed out are as below which calls for immediate resolution or for extension of the return filing dates.
E-Verification Scheme, 2021: Collection of Information of Assessee by Assessing Officer
22 December 2021
7874 Views
The Central Board of Direct Taxes (CBDT) has rolled out the e-Verification Scheme, 2021 for the Collection of Information of Assessee by the Assessing Officer (AO).
Annual Information Statement: Income on account of repurchase of units by MF/ UTI
The main objective of the 'Annual Information Statement' is to provide comprehensive tax information to the taxpayer and also to promote voluntary compliance as well as seamless prefiling of the income tax return (ITR).
TDS Liability in case of ESOP
ESOPs have been a significant component of the compensation for the employees of start-ups, as it allows the founders and start-ups to employ highly talented employees at a relatively low salary amount with balance being made up via ESOPs.
All About Annual Information System (AIS)
Income tax department collects information about income received and material transactions carried out by an individual during the financial year through various sources and compiles the information collected in a summary form and presents it in a form of a statement called Annual Information System.
Gift received from HUF is a capital receipt in the hand of member
On appeal the Tribunal held that the property of the 'HUF' neither can be said to belong to a third person nor can be said to be in 'corporate entity', rather, the same is the property of the members of the family.
Whether assessing officer has power to reject valuation report submitted by assessee and change method of valuation?
The Tribunal further held that primary onus to prove the correctness of the valuation report is on the assessee as he has special knowledge and he is privy to the facts of the company and only he has opted for this method
Valuation of Perquisite of Motor Car or any other Automotive Conveyance
In case employer had provided a car or any other vehicle for the private use of the employee or any other member of his family, it is a perquisite which is taxable in the hands of the employee provided he/she is an employee of a specified category.
Popular Articles
- TCS Return Due Date: New Deadline For Tax Year 2026-27
- How Salaried Employees can save Tax under the New Tax Regime
- TDS Certificates for Non-Salary Income Gets a New Identity For FY 2026-27
- Sukanya Samriddhi Yojana 2026 with Interest Rate for Q2: Best Savings Scheme for Girls
- Capital Gains Exemption Under Sections 54 & 54F: Is Purchase in Spouse's Name Allowed?
- Form 130 Replaces Form 16: New Salary TDS Certificate For FY 2026-27
- TDS Quarterly Return on Non-Salary 2026: Know How To File With New Form 140
- 143(2) Scrutiny Notice Received: What is it and How to Respond Online?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
