Income Tax Articles

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 3926 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.

Virtual Digital Asset Tax: What You Need to Know

Posted by CA Keyur Somani 09 February 2022 6776 Views

Understand the taxation of Virtual Digital Assets (VDAs) in India. Learn about the 30% tax rate, allowable deductions, and TDS implications under the Finance Bill 2022.

New TDS on Perks: What Business Owners Need to Know

Posted by Mayank Mohanka 07 February 2022 7295 Views

Understand the new TDS on perks (Section 194R) from Budget 2022. Learn who it affects, thresholds, and how it impacts your business. Read now!

DTAA Applicability: Understanding Your Tax Obligations

Posted by FCS Deepak Pratap Singh 04 February 2022 3061 Views

Learn about Double Taxation Avoidance Agreements (DTAA) and how they affect your tax liability in India. Discover if you need to pay tax on income earned in India.