Income Tax Articles

TDS on PF Interest Above Thresholds

Posted by FCS Deepak Pratap Singh 11 April 2022 8237 Views

Understand TDS on PF interest for contributions exceeding limits. Learn about taxable vs non-taxable accounts and calculation methods.

HUF Tax Savings: A Guide to Hindu Undivided Family

Posted by FCS Deepak Pratap Singh 11 April 2022 6946 Views

Discover how a Hindu Undivided Family (HUF) can offer significant tax savings. Learn about investments, deductions, and its legal status.

Safe Harbour Rules: Simplify Transfer Pricing in India

Posted by FCS Deepak Pratap Singh 11 April 2022 3397 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 7432 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!