Interest Expenses – Deduction & ITS Assessment under Income Tax
Interest Expenses – Deduction & ITS Assessment under Income Tax Act: The Income-tax Act, 1961 (hereinafter “the Act”) provides detailed provisions to claim a deduction
Income Tax
Income Tax
Direct Tax Code – Impact, Overview, Features, DTC & IT Act Difference
First time Direct Taxes Code Bill, 2010, introduced in Lok Sabha on 30 August 2010 was referred to the Committee on 09 September 2010 for
Income Tax Assessment: Self Assessment, Regular Assessment
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Additional Depreciation – Who can Avail?, availability, Rate of Add Dep.
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Situations in which Income of Previous year is taxed in the P.Y
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TDS on Non residents Section 195 – Exemption, Rates, Due Dates
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What is Franking ? Why Documents Need to be Franking ?, Charges
What is Franking ? Why Documents Need to be Franking ? This is important Question in Present Time. Everyone Ask What is Franking ? Why Documents
Step By Step Guide to Tax Audit U/s 44AB For AY 2020-21
Step By Step Guide To Tax Audit – Tax Audit U/s 44AB AY 2020-21 Including amendments for FY 2019-20. check out Due date of Tax
Chapter VIA Deductions, Deductions under Section 80C to 80U
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Depreciation rates as per companies act 2013 – Updated
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Aadhaar Card and PAN Card Link – Online, Offline & Importance
Aadhaar Card and PAN Card Link: it has become mandatory to quote and link Aadhaar number while filing income tax return (ITR), unless specifically exempted.
E-Proceedings of Income Tax (Faceless Assessment) – Detailed
E-Proceedings of Income Tax (Faceless Assessment): Welcome to the New Era of ‘Faceless’, ‘Jurisdiction-less’ and hopefully ‘Corruption-less’ Eassessment. E-proceedings is an electronic platform for conducting
Income from House Property – Taxation and Deductions
Income from House Property at a glance: How To Compute “Income From House Property” Basis of Charge [Section 22], When property income is not chargeable to tax?,
Depreciation Rate Chart as Per Income Tax (For AY 2020-21)
Depreciation rates as per the Income Tax Act (For F.Y 2019-20 & AY 2020-21). Depreciation Rate Chart As Per Income Tax Act. Download Depreciation Rate Chart
Assessment Year (AY) & Previous Year (PY) – Meaning, Difference
Assessment Year (AY) & Previous Year. What is Assessment Year (AY) and What is Previous Year (PY). Meaning of ‘Assessment Year’ & ‘Previous Year’ under Income Tax.
Section 194J TDS on Professional or Technical Service – all details
Section 194J – TDS on Professional or Technical Service, This article is all about the Tax to be deducted under section 194J for the Professional
Commission payable to foreign agents – Taxability ?
Commission payable to foreign agents: Here we are providing complete details about Commission payable to foreign agents is Taxable or Not Taxable. In this article
Exemptions available under Sec. 80C for Stamp Duty Paid
Exemptions are available under Sec. 80C for Stamp Duty Paid. This article is about the exemption available to the stamp duty paid for the house
Mediclaim Policy, Section 80D Deductions for FY 2019-20 & AY 2020-21
Know About Mediclaim Policy & Deduction Under Section 80D. Section 80D provides deduction to an individual or a Hindu undivided family towards medical insurance premium
Loans and deposits u/s 269SS and Section 269T – Detailed Guide
Loans and deposits u/s 269SS and Section 269T. There are many provisions in the income tax act to curb tax evasion and flow of black
TDS under Section 194A – Interest other than interest on securities
TDS under Section 194A. The topic relating to any TDS section is very much famous and on-going because there can be various complexity regarding the
Section 194C TDS on Contracts : Rates, Who is required to deduct?
TDS on payment to contractors Under Section 194C: Any person responsible for paying to any of the contractor for carrying out any work (including supply
E – Assessment Scheme A Scrutiny Mechanism Way Forward
E – Assessment Scheme: Union Budget 2019 proposed Faceless Assessment Scheme. The scheme is finally passed by the parliament and subsequently implemented with issuance of
Double Taxation Avoidance Agreements – Complete Details
Double Taxation Avoidance Agreements. What is Double Taxation Avoidance Agreement (DTAA). Find Complete Details for Double Taxation Avoidance Agreement like – What is DTAA, Benefits of DTAA, How
Section 43B Deductions Based Actual Payments – Detailed
Section 43B Deductions Based Actual Payments, As per section 43B of income tax there are certain expenses which can not be claimed as deduction unless they
Documents Required for PAN Card 2021, New PAN Card Documents
Documents Required for PAN Card Application 2021: PAN was introduced to facilitates linking of various documents, including payment of taxes, assessment, tax demand, tax arrears
Section 194J – TDS on Professional Services or Technical services
Section 194J – TDS on Professional Services or Technical services. TDS is required to be deducted by the service receiver to the service provider under
Prevention of Money Laundering Act, 2002 – Complete Details
Prevention of Money Laundering Act, 2002. Money Laundering can be understood as a process employed by criminals to masquerade the possession and regulation of money
Types of stamps & Concepts of stamp duty, How to pay the Stamp Duty?
Types of stamps & Concepts of stamp duty, How to pay the Stamp Duty?. In this article you can find complete details regarding Stam Duty
Sugam ITR 4S 2020-21: Applicability, How to File Online, FAQ
ITR 4S Sugum Form is the return form for those taxpayers who has opted for presumptive taxation income scheme as per section 44AD, Section 44ADA