Income Tax Articles

Form 26AS: The easiest way of recalling the TDS amounts deducted during the year

Ranu Gupta 24 June 2019 at 11:21

With the due date of income tax return filing approaching soon, the taxpayers have started collecting the necessary documents and information. If you are provid..

Section 44AB vs 44ADA

CA. Atul Khurana 14 June 2019 at 11:29

As Section 44AD is applicable on business (click here to read in detail), Section 44ADA applies on professionals.It says that if an eligible assessee (professio..

TDS on immovable property explained with examples

PUSHP KUMAR SAHU 12 June 2019 at 11:21

Before coming on the main article, let�s understand why there is a need of invoking such prov

Do we need to file income tax return if the income is less than Rs 5 Lakh?

Priya Kashyap 08 June 2019 at 11:32

While presenting Budget 2019, the finance minister mentioned that people earning less than Rs 5 lakhs would have to pay no taxes as they would get tax rebate up..

Startup recognition and deduction u/s 80-IAC and exemption u/s 56(2)(VIIB) of the act

CA Varsha Nanwani 31 May 2019 at 18:04

To promote new startup and make in India, government has taken several initiatives to give benefit to startup and attract fresh fund in startup business. Hereby..

Late filing fees and penalty for failure to furnish/delay in furnishing the TDS/TCS statements

Guest 29 May 2019 at 15:42

Before understanding the penalty provisions for failure to furnish the statement of Tax Deducted at Source or statement of Tax Collected as Source (i.e. commonl..

All about OIDAR

CA Sandeep Bhatnagar 21 May 2019 at 13:32

In this hi-tech, age business has undergone major transformation and new methods of transactions have evolved which are fast paced and require little physical e..

Tax Implications where liabilities are paid off By way of book adjustment

CA Kanika Mittal 17 May 2019 at 10:47

As per provisions of Section 40A(3) Where the assessee incurs any expenditure in respect of which a payment or aggregate of payments made to a person in a day,..

TDS Full Form

Manish Kumar Gupta 14 May 2019 at 19:11

TDS stands for Tax Deduction At Source. TDS is applicable on every person who is making the payment which are specified under Income Tax Act,1961.

No income tax on total income upto Rs. 5 lacs- True or False?

Soumya Laha 08 May 2019 at 11:04

Nowadays people are discussing about a news that no income tax is required upto Rs. 5 lakh. Even some people think that they do not need to file income tax retu..