Income Tax Articles
ICDS as tax saving tool
IntroductionEver since CBDT notified the new Income Computation and Disclosure Standards for computation of taxable income, many debates and analysis have been done with professionals giving their respective conclusions. We h
Exemption u/s 54 for asset purchased in different name
New asset purchased in another person' name or in joint name-whether exemption u/s 54 & 54F available? Query:
School reopens! Unresolved questions of its Fees in Income Tax
Karneeti Part 101School reopens! Unresolved questions of its Fees in Income Tax Arjuna (Fictional Character): Krishna, June is here, Schools / colleges soon will reopen. Therefore Parents are busy in their children�s school preparation. Today
TDS Amendments
IN FINANCE BILL 2015 SOME MAJOR AMENDMENTS REGARDING TDS HAVE BEEN MADE AS UNDER:Under the existing provisions contained in the proviso to clause (i) of sub-section (3) of the section 194A, income credited or paid in respect of time deposits with a b
How to save income tax on salary
The objective of this blog is to empower the employees with knowledge by providing Minimum Income Tax knowledge that would enable him to save Maximum Income Tax by restructuring their respective Salary or Cost to Comp
Simplified income tax return forms
A New Form ITR 2A is proposed which can be Filed by an Individual or HUF who does not have Capital Gains, Income from Business/Profession or Foreign Asset/Foreign Income. In Form ITR 2 and the New Form ITR 2A, the Main Form will not Contain more than
Income from salary
INCOME FROM SALARIESAny remuneration paid by an employer to his employee in consideration of his service is called Salary.It includes monetary value of those benefits and facilities provided by the employer which are taxable.Section 15, 16 and 17
TDS on withdrawal of EPF
TDS on withdrwal of EPF (Employee Provident Fund)U/s-192A with effect form 01st June 2015.The Finance Act 2015 has Inserted a new section 192A regarding the TDS on payment of accumulated provident fund balance due to an employee, The provision shall
The concept and tax effect of switching in mutual funds
Hi, almost all of us are aware of investing in Mutual Funds and their respective Tax effects.However, some areas still remain Grey for some and one such area is Switching in Mutual Funds.What is
TDS on Rent u/s 194I
What is tax deduction at source?Persons responsible for making payment of income (rent), are responsible to deduct tax at source and deposit the same to the Government Treasury within the time stipulated.The recipient of the income (though s/he gets
Popular Articles
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- TDS Certificates for Non-Salary Income Gets a New Identity For FY 2026-27
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- Capital Gains Exemption Under Sections 54 & 54F: Is Purchase in Spouse's Name Allowed?
- Form 130 Replaces Form 16: New Salary TDS Certificate For FY 2026-27
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