Income Tax Articles

Taxability u/s 115BAC vs Taxability under Normal Provisions of IT Act

Latish Alwani 14 April 2023 at 07:16

Section-115BAC (Summarised Provisions)

Most Commonly Used TDS Sections along with TDS Rates and Threshold Limit

CA. Bhavik P. Chudasama 13 April 2023 at 16:37

Tax Deducted at Source (TDS) is a mechanism of collecting income tax at the source of income itself. TDS is applicable to various types of payments such as salary, interest, commission, rent, etc.

Confused about which Tax Regime to choose?

CA Garima Bajpai 13 April 2023 at 12:18

Old Regime with Deductions and Exemptions, or New Regime with Lower Slab Rates, but Fewer Exemptions

New ITR Forms for FY 2022-23 (AY 2023-24): Everything you need to know to file your taxes

Rashmi 13 April 2023 at 08:46

The Income Tax Department has released JSON Schema for ITR 1 and ITR 4 for the Assessment Year 2023-24 (corresponding to the Financial Year 2022-23).

Impact of Amendment by Finance Act, 2023 on Non-Resident/Not Ordinarily Resident

Geetanjali Pandey 11 April 2023 at 15:08

A person is said to be non-resident individual if satisfies any of the following conditions

Cost Inflation Index (FY 2023-24)

Rashmi 11 April 2023 at 14:12

Cost Inflation Index (CII) is a measure used in India to adjust the inflationary effects on the cost of assets. It is basically an index that reflects the changes in the prices of goods and services over a period of time.

Section 194BA: TDS on Winnings from Online Gaming

JITESH TELISARA and ASSOCIATES 11 April 2023 at 10:43

All the income earned through winnings from lottery, crossword puzzle, gambling, betting, horse racing and any similar nature were taxed under section 194B of t..