Income Tax Articles

Section 115-UB Tax on income of investment fund and its unit holders

Posted by Pranjul Mittal 28 December 2016 52892 Views

Introduction & Its Applicability:Section 115-UB of Income Tax Act, 1961 shall b

TDS on sale of property @1% under Section 194IA

Posted by Shubham Gupta 27 December 2016 16583 Views

The prevailing withholding tax is deducted at source, and is 1% of the consideration payable to the seller. It is the responsibility of the buyer to deduct the tax and deposit the same in the government treasury�

Burden of TCS on sale or purchase in cash?

Posted by CA Umesh Sharma 25 December 2016 14110 Views

Arjuna (Fictional Character): Krishna, the government has brought the provision of TCS (Tax Collected at Source) on sale of every product or service in income t...

A detailed guidance on disclosing income under Pradhan Mantri Garib Kalyan Yojna

Posted by CA. YASH DILIPBHAI HARIYANI 24 December 2016 11531 Views

A detailed Guidance on disclosing income under Pradhan Mantri Garib Kalyan Yojna (more popularly known as Income Disclosure Scheme - II)

Welcome clarification from Govt for TCS on cash sales

Posted by Rani Jain 24 December 2016 4393 Views

It's wonderful to have clarification vide circular no. 23/20169 dt. 24th June, 20016 from Government. Government had clarified liability to collect Tax a

All about MAT and AMT

Posted by Koushik D C 22 December 2016 12861 Views

For the purpose of better and clear understanding of MAT and AMT, I have made the comparison of various related provisions

Gearing up for income tax returns filing

Posted by CA. Brijesh Baranwal 22 December 2016 11888 Views

Gear up and file your income tax return without waiting for the last day as events during that time might force you to miss the deadline.

Digital and Cashless Economy : A New Way of Life after demonetization

Posted by Guest 20 December 2016 4340 Views

Digital and Cashless Economy : A New Way of Life after demonetization

Effect of demonetization and Benami property transaction act, 1988

Posted by CA Amrita Chattopadhyay 19 December 2016 3180 Views

It is important to understand the Benami Property Transaction Act along with the Income Tax Act to understand the impact of depositing the undisclosed income.