Income Tax Articles

Important Changes From 1st October 2024 In PPF Rules

Posted by Mitali 28 September 2024 5660 Views

PPF is a government scheme in India designed to encourage long-term savings investments.

How to Claim Capital Gain Tax Exemption on Redevelopment Projects?

Posted by Chaitra Seetharam 27 September 2024 3297 Views

Section 45 of the Income Tax Act, 1961, provides that any profits or gains arising from the transfer of a capital asset effected in the previous year will be chargeable to income tax under the head 'Capital Gains'.

Income Tax Department's Eye on High-Value Credit Card Transactions

Posted by Sahil Jaiswal 27 September 2024 8504 Views

The Income Tax Department of India has been increasingly monitoring high-value credit card transactions as part of its efforts to curb tax evasion and ensure better tax compliance.

Deadline Alert: Income Tax Audit Submission by September 30

Posted by Chaitra Seetharam 26 September 2024 3624 Views

Tax audit limit specifies the threshold for businesses and professionals, beyond the limit must get their accounts audited under Section 44AB of the Income Tax Act.

Deemed Dividend: Understanding Section 2(22) of the Income-tax Act, 1961 and Its Implications

Posted by Affluence Advisory 26 September 2024 912 Views

Section 2(22) of the Income-tax Act, 1961 (the Act), deals with Dividends. Sub-clause (e) of section 2 sub-section (22) of the Act includes payments made by a private company by way of advance or loan to a shareholder

FCRA Account: Benefits, Cash Limits and Restrictions

Posted by Ayush 24 September 2024 2180 Views

Charitable Trusts, Societies, Section 8 Company that receive foreign contribution or donation from foreign sources are required to obtain registration under section 6 of Foreign Contribution Regulation Act, 2010.

Forgot Your Form 16A Password? Here's How to Recover It

Posted by Ishita Ramani 24 September 2024 564 Views

In this article, we'll be able to guide you through the process of getting better at the Form 16A password, with sensible recommendations to avoid future demanding situations.

Essential Documents for Income Tax Return Filing 2024

Posted by Priyanaka Rao 23 September 2024 318 Views

et's explore the essential documents required for filing income tax returns in India.

What is the Direct Tax Vivad Se Vishwas Scheme, 2024?

Posted by CA Umesh Sharma 23 September 2024 973 Views

Under Direct Tax Vivad Se Vishwas Scheme, 2024scheme, appellants with pending appeals or writ petitions related to direct taxes can resolve disputes by paying a portion of the disputed tax, interest, penalty, fee. The benefits vary depending on when the dispute is settled.