Income Tax Articles

All about Investment in National Savings Scheme with investment recommendations

CA Bhawna Dua 30 March 2024 at 08:15

The National Saving Scheme (NSS) in India is a scheme regulated by the Ministry of Finance and operated and managed by the Department of Post, India.

Prioritizing Appeals Disposal by CIT(A) Assessment Units and Additional Joint CIT(Appeals)

Vivek Jalan 30 March 2024 at 08:15

Priority/out of turn disposal of appeals by CIT(A) Assessment Units and Additional Joint CIT(Appeals)

7 Tax Saving Options Other Than 80C - For FY 2023-24

CS Karan B. Khattri 29 March 2024 at 14:41

A tax deduction lowers your taxable income and thus reduces your tax liability. You subtract the amount of the tax deduction from your income, making your taxable income lower. The lower your taxable income, the lower your tax bill.

Alert While Filling ITR For FY 23-24: Common Mistakes To Avoid

Khush Trivedi 29 March 2024 at 10:50

Let’s highlight some of common mistakes that one should avoid while Filling Income tax returns.

Maximizing Tax Savings: Old Tax Regime Still a Viable Option for Many

Pranab Banerjee 28 March 2024 at 14:14

In the realm of income tax, the choice between the old and new tax regimes holds significant weight, especially for those falling within certain income brackets. While the new tax regime boasts lower rates, the allure of the old tax regime persists for numerous taxpayers owing to its array of exemptions and deductions.

TDS Rate Chart for FY 2024-25 (AY 2025-26)

Mitali 28 March 2024 at 12:32

Get the latest TDS rate chart for FY 2024-25 (AY 2025-26)

TCS Rate: Responsibility to collect TCS as per Income Tax Act

Mitali 27 March 2024 at 12:09

The responsibility to collect Tax Collected at Source lies with certain specified persons or entities as mandated by the Income Tax Act. These entities collect tax from the payee at the time of sale or provision of certain goods or services.

Exemption u/s 54 cannot be denied merely due to mistake by the developer

CA. Bhavik P. Chudasama 27 March 2024 at 11:56

Mukesh Harilal Mehta Vs ITO 16(3)(1) (ITAT Mumbai) Appeal Number : ITA No. 2256/MUM/2023

Section 43B (h) of Income Tax Act, 1961 - Disallowances of expenses due to non-payment to MSMEs

CA Piyush Agarwal 27 March 2024 at 10:25

Section 43B (h) of Income Tax Act, 1961

Burn All Your Previous MSME Outstanding Before 31st March 2024?

CA Umesh Sharma 27 March 2024 at 08:43

The introduction of Section 43B(h) in the Income Tax Act, 1961, signifies a move towards responsible business practices, similar to celebrating Holi with not only colours but with care and consideration for others.