Income Tax Articles

Advancement of Public Utility: IT Act 1961 Explained

Posted by FCS Deepak Pratap Singh 19 March 2022 2685 Views

Understand 'advancement of any other object of general public utility' under the IT Act 1961. Learn about tax exemptions and commercial activity limits.

Capital Gains Excluded from Book Profit Under Section 115JB

Posted by FCS Deepak Pratap Singh 18 March 2022 8274 Views

Learn how capital gains aren't included in book profit calculations for Section 115JB, based on a Bombay High Court ruling. Understand your tax obligations.

Cryptocurrency Tax in India: Income & Capital Gains

Posted by Taxblock 17 March 2022 3308 Views

Understand cryptocurrency tax in India. Learn how profits are taxed as business income or capital gains and disclosure requirements for investors.

Section 44AB Audit: Turnover Limits & Requirements

Posted by CA.R.S.KALRA 16 March 2022 11845 Views

Understand Section 44AB tax audit requirements. Discover updated turnover limits, cash transaction rules, and when an audit is mandatory for businesses and professionals.

New Income Tax Portal: Faster Filing & Refunds

Posted by Taxblock 16 March 2022 6465 Views

Discover the new Income Tax Portal launched June 7, 2021. Features include fast ITR processing, free preparation software, call centre support, and multiple payment options.

Real Estate Developer Budget for Joint Ventures

Posted by Mohammed Ibrahim 16 March 2022 22810 Views

Learn how to create a real estate developer's budget for joint venture projects. Understand costs, profit, and feasibility for your development.

Residential House: Multiple Units & Tax Exemption

Posted by FCS Deepak Pratap Singh 16 March 2022 3524 Views

Discover if multiple independent units can form 'a residential house' for tax exemption under Section 54/54F. Learn how the courts interpret this.

Gratuity Tax Exemption: What You Need to Know

Posted by Neethi V. Kannanth 15 March 2022 5451 Views

Understand gratuity payments and tax exemptions in the UK. Learn about limits, calculations, and eligibility for government and private sector employees.

Section 54 & 54F Tax Exemptions: Key Judgments Explained

Posted by CS Advocate Abhishek Goyal 15 March 2022 10770 Views

Understand Section 54 & 54F capital gains tax exemptions. Explore key judicial decisions on property use, expenses, joint ownership, and HUF investments.