Income Tax Articles
ITR4S : Presumptive taxation
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
Benami Properties - A new target on the radar
You are possibly aware of a Law about Benami Property in our country which came into being in 1988, but neither was its rules ever framed�nor was it notified.
Christmas gift - 6% Profit on Trading through bank
Arjuna (Fictional Character): Krishna, Christmas is a festival which is celebrated happily all over the world. In this festival Santa Claus gives many gifts. ...
TDS controversies - Top 25 rulings pronounced in 2016
Dear All,We have another 6 days for the wonderful year 2016!! and as Sam Levenson say, "Don't watch the clock; do what it does and Keep going."Ove
Section 68 unexplained cash credits
This is the income tax provision which is added the credit as income which is unexplained
Section 115-UB Tax on income of investment fund and its unit holders
Introduction & Its Applicability:Section 115-UB of Income Tax Act, 1961 shall b
TDS on sale of property @1% under Section 194IA
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?
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
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
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
Popular Articles
- Savings Account Rule 2026: New Limits For PAN Card Holder
- Life Certificate for Pensioners 2026: Eligibility, Benefits and Check Who Can Submit?
- SBI Savings Account New Rule: Major Update in ATM Withdrawals From October 2026
- TDS on Purchase of Goods Above Rs 50 Lakh: Rules Under Income Tax Act 2025
- When Can GST Officers Visit Business Premises for Verification, Audit, Inspection, Search or Seizure?
- Tax Audit under Section 44AB: The Nuances that Decide Applicability and Reporting for AY 2026-27
- New Bank Rules 2026: Changes in Nominee, FD, KYC, Fraud and Loan Process
- Income Tax Refund on Excess Recovery: Refund, Interest, Adjustment & Recovery Rules
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
