Analysis of ITR-U Return
Analysis of ITR-U Return During Budget 2022, Nirmala Sitharaman announced that taxpayers may now file Updated Income Tax returns (ITR-U). […]
Income Tax
Taxation on Gratuity
Taxation on Gratuity under the head “Salaries” in the hands of the employee. However, there is an exemption limit of
Income Tax Advance Ruling
INCOME TAX ADVANCE RULING: MEANING AND PROVISIONS A resident taxpayer may have some taxation issues in respect of a transaction
TDS Under Section 194H
TDS Under Section 194H What is Section 194H? Section 194H is for income tax deducted on any income by way
Guidelines under section 194S(6)
Guidelines under section 194S(6) Government of India, Ministry of Finance, Department of Revenue, Central Board of Direct Taxes(TPL Division) File
TDS under section 194R
CBDT ISSUES NEW GUIDELINES ON TDS UNDER SECTION 194R Union Budget 2022, a new TDS section 194R, has been proposed
TDS Relaxtion u/s 194I
TDS Relaxtion u/s 194I pertains to TDS (Tax Deducted at Source) on rent. According to this section, any person responsible
IMMOVABLE PROPERTY
SECTION 194IA: PAYMENT ON TRANSFER OF IMMOVABLE PROPERTY Provisions of Section 194-IA: (1) Any person, being a transferee, responsible for paying
High Value Transactions
SECTION 285BA- HIGH VALUE TRANSACTIONS & MANDATORY RETURN FILING Statement of Financial Translations or SFT refers to information related to
Restrictions on Deposits & Advances
Restrictions on Deposits & Advances and Cash loans under the Income Tax Act, which aim to curb the use of
