Articles by kowsalya

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Major Changes under Income Tax in Budget 2023

  kowsalya    11 February 2023 at 13:00

A Resident Individual is entitled to a Rebate of 100% of the amount of tax payable under the provisions of Section 87 A of the Act for the total income up to Rs. 7 Lakhs ( earlier it was Rs. 5L)



Updated Return u/s 139(8A)

  kowsalya    05 May 2022 at 08:37

This article gives you an idea of what the Updated Return is under the Income Tax Act 1961, for which Form U is recently notified by CBDT.



Applicability of New Sections w.e.f 1st July 2021

  kowsalya    21 June 2021 at 09:39

Discussing Section 194Q of the Income Tax Act which deals with TDS on purchase of goods and Section 206AB of the Income Tax Act which is a special provision for the deduction of TDS for Non filers of ITR.



Highlights of Union Budget w.r.t Taxation

  kowsalya    12 February 2021 at 12:57

Highlights of Union Budget w.r.t Taxation



Section 194Q

  kowsalya    06 February 2021 at 13:33

Analysis of Section 194Q of the Income Tax Act, which will deal with the TDS on purchase of goods w.e.f 1st July 2021. This section has been inserted in the Finance Bill 2021.