Income Tax Articles

IDS - A chance to turn black to white

Posted by CA Saurabh Singh 11 January 2017 13500 Views

The union government has launched its ambitious Income Declaration Scheme, 2016 (the scheme or IDS) as Chapter IX of the Finance Act, 2016. The scheme is effect...

Exemption on capital gains

Posted by Mukesh Kuriyal 08 January 2017 16557 Views

THIS IS FOR EXEMPTION ON CAPITAL GAINS UNDER SECTION 54

"Messi" likes mess up, in tax laws. Avoid it!

Posted by CA Umesh Sharma 08 January 2017 8107 Views

Arjuna (Fictional Character): Krishna, Football lovers know the missed penalty kick by famous football player Messi and its impact on him. Further he has been p...

Complexibility of TDS on Employees

Posted by CA Pradeep Garg 07 January 2017 21239 Views

TDS on Employees should be on flat rates like professionals

Meaning of Set off and carry forward of losses

Posted by KAVITHA M S 02 May 2021 210778 Views

As per Income Tax Act 1961, a Person as defined in Section 2(31) can set off and Carry forward the losses incurred. It has been updated till Budget 2018.

ITR4S : Presumptive taxation

Posted by Shubham Gupta 03 January 2017 11778 Views

ITR-4S is a special case ITR, applicable for businesses where income is calculated on 'presumptive method'. In simple words the presumptive method lets you report your income as 8 per cent of your gross receipt

Start-up India : An Overview

Posted by Ajay Pradeep Bansal 06 July 2016 9747 Views

The Government of India has, vide Notification dated 17.02.2016, announced "Start up India" initiative for creating a conducive environment for Start ups in India.