Articles by Sahil Dhingra

Section 40A(2)(b) of Income Tax Act, 1961

Posted by Sahil Dhingra 28 February 2024 223808 Views

Section 40A(2) of the Income Tax Act lays down provisions for the disallowance of certain payments to relatives. Let us discuss persons covered u/s 40A(2)(b).

Slump Sale Explained: Section 50B & Rule 11UAE

Posted by Sahil Dhingra 20 December 2023 8306 Views

Understand slump sales under Section 50B and Rule 11UAE. Learn about capital gains, net worth, and fair market value calculations for tax purposes.

Gift Tax Explained: Section 56(2)(X) Rules

Posted by Sahil Dhingra 26 April 2023 19875 Views

Understand Section 56(2)(X) on gift tax. Learn what gifts are taxable, exemptions, and how money/property gifts are taxed in the UK.

Form 35 for CIT(A) Appeals: Rule 45 Explained

Posted by Sahil Dhingra 11 October 2021 8905 Views

Learn how to file an appeal to the Commissioner (Appeals) using Form 35 as per Rule 45 of the Income Tax Rules. Discover electronic and paper filing methods.

Section 194Q Applicability: Your Essential Guide

Posted by Sahil Dhingra 07 July 2021 11125 Views

Understand Section 194Q applicability for buyers purchasing goods over £50 Lakhs. Learn TDS rates, GST adjustments, and purchase return rules.

Business Connection vs Permanent Establishment: Key Differences

Posted by Sahil Dhingra 02 June 2021 14071 Views

Understand the difference between Business Connection and Permanent Establishment under Indian tax law and Double Taxation Avoidance Agreements. Learn what triggers tax liability.

Don't Miss Your ITR Deadline: Avoid Penalties

Posted by Sahil Dhingra 22 May 2021 7327 Views

Failing to file your Income Tax Return (ITR) can lead to hefty penalties under Section 234F and Section 270A, and even imprisonment under Section 276CC. Learn the consequences and avoid fines.

Understanding India's Equalisation Levy

Posted by Sahil Dhingra 06 May 2021 2189 Views

Learn about India's Equalisation Levy, its scope for online advertisement and e-commerce transactions, and key definitions. Understand the rates and applicability.

Section 194-O: TDS for E-commerce Operators Explained

Posted by Sahil Dhingra 06 May 2021 11456 Views

Understand Section 194-O's TDS rules for e-commerce operators. Learn deduction rates, thresholds, and obligations for facilitating sales and services.