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Taxation

Section 194Q

TDS on Purchase of Goods | Section 194Q w.e.f. 1 July 2021

Updated on: July 19, 2021

Applicability of Section 194Q: Section 194Q has been introduced via Finance Act, 2021, which requires tax deduction at source @ 0.1% on purchase of goods

Tax Implications on E-Commerce Operators

Tax Implications on E-Commerce Operators 2021: In Detailed

Updated on: July 19, 2021

Applicability of Section 194O – TDS on Payment made to E-Commerce Participant: Section 194O has been introduced in the Union Budget 2020. According to Section

Calculation of House Rent Allowance

Calculation and Taxability of House Rent Allowance (HRA)

Updated on: July 18, 2021

Calculation and Taxability of House Rent Allowance (HRA). Today  we are Providing a Premium guide on Calculation and Taxability of House Rent Allowence (HRA). Now you

Tax Exemptions for Leave Travel Allowance (LTA)

Tax Exemptions for Leave Travel Allowance, How to calculate LTA ?

Updated on: July 8, 2021

Tax Exemptions for Leave Travel Allowance (LTA). This article specifically talks about the exemption which is provided to the employees for the leave travel allowance they

Long Term Capital Gains on Sale of Listed Securities

Long Term Capital Gains on Sale of Listed Securities (Section 112A)

Updated on: July 4, 2021

The Finance Act, 2018 inserts a new Section 112A with effect from Assessment Year 2019-20. As per the new section capital gains arising from transfer

How to Tackle With Income Tax Notices

How to Tackle With Income Tax Notices – A Detailed Guide

Updated on: July 1, 2021

How to Tackle With Income Tax Notices. In this article you can find everything you want to know about How to tackle with income tax

TDS

TDS Rates 2021-22, Deduction, How to pay TDS, TDS Payment

Updated on: June 30, 2021

TDS Rate Chart 2021-22 (Assessment Year) TDS (Tax Deducted at Source). Introduction of TDS: The concept of TDS was introduced with an aim to collect

Tax Treatment of Gifts Received By an Individual or HUF

Tax Treatment of Gifts Received By an Individual or HUF

Updated on: June 29, 2021

Tax Treatment of Gifts Received By an Individual or HUF. A very common and frequent question running in the mind of taxpayers is the taxability

How to become an Income Tax officer?

How to become an Income Tax officer 2021?: Exam, Eligibility

Updated on: June 29, 2021

How to become an Income Tax officer?. An income tax officer is someone who deals with income tax matters concerning the Central Board of Direct

Registration of Public Charitable Trust, Trust Registration in India

Charitable Trust Introduction and Registration Process

Updated on: June 27, 2021

Charitable Trust Introduction and Registration, Trust formed for charitable or religious purposes which are not intended to do commercial activities are allowed various benefits under

Income Tax

Income Tax – What is? Sources, Basics & Important Concepts

Updated on: June 26, 2021

Income tax is a tax on the TOTAL INCOME of a PERSON. It is charged on the income of the PREVIOUS YEAR and is assessed

Income Tax Raids, Notices, Assessments

Income Tax Raids, Notices, Assessments – Reasons behind it

Updated on: June 24, 2021

Income Tax Raids: The article is mainly about why the Income tax officials conduct raids at your office or house or any other places. This

Section 194N TDS on Cash Withdrawal above 1 Crore

Section 194N – TDS on Cash Withdrawal above 1 Crore (Analysis)

Updated on: June 23, 2021

Section 194N – TDS on Cash Withdrawal above 1 Crore: Every person, being a banking company including any co-operative bank or a post office, who

PAN Card Status, PAN Name By PAN No, Know Your PAN

PAN Card Status 2022, PAN Name By PAN No, Know Your PAN

Updated on: April 13, 2022

PAN Card Status: It typically takes around 10 to 15 working days based on your postal address, for an individual to receive his/her PAN after

Restriction on Cash Transactions under Income Tax Act

Restriction on Cash Transactions under Income Tax Act 2021

Updated on: July 16, 2021

Restriction on Cash Transactions under Income Tax Act: Cash transactions limits as per income tax act. Slowly and gradually, the Indian economy is getting digitized

Citizenship Based Taxation In India

Citizenship Based Taxation In India – A Detailed Analysis

Updated on: May 28, 2021

Tax incidence on a taxpayer in India depends upon his residential status. Whether an income earned by an individual, in or outside India, is taxable

Top Reasons for Income Tax Refund Failure

Top Reasons for Income Tax Refund Failure – A Detailed Guide

Updated on: May 13, 2021

Top Reasons for Income Tax Refund Failure. if you are Searching for reasons for income tax Failure than you are in right place. After providing Latest

Deduction of Principal of Housing loan and Its Interest

Deduction of Principal of Housing loan and Its Interest

Updated on: May 10, 2021

Deduction Of Principal of Housing loan and Its Interest Component. Tax Benefit on Housing Loan. In this article you can find complete details for Deduction

Deduction for School Fees Paid u/s 80c

Deduction for School Fees Paid u/s 80c – Eligibility, Payment

Updated on: May 7, 2021

Deduction for School Fees Paid u/s 80c. Section 80C of income tax act allows deduction in respect of many payments and investments made. Section 80C

Set off and carry forward of losses under the Income tax

Set off and carry forward of losses under the Income tax

Updated on: May 7, 2021

Set off and carry forward of losses under the Income tax law. Find Everything you want to know about Set off and carry forward of losses

Income Tax Benefits for Senior citizens

Income Tax Benefits for Senior citizens, Benefits for Senior Citizens

Updated on: May 6, 2021

Income Tax Benefits for Senior citizens, Benefits for Senior Citizens under Income Tax Act. Detail of benefits for Senior Citizens under Income Tax Act for the

Notices Under Income Tax Act

Notices Under Income Tax Act, All you need to know about Notices

Updated on: May 6, 2021

Notices Under Income Tax Act: Once the assessee files his return of income the income tax department scrutinizes his return and issues assessment intimations, scrutiny

TDS on Sale of Property

TDS on Sale of Property: What is Form 26QB?, Online form for TDS

Updated on: May 5, 2021

TDS on Sale of Property. As per Finance Bill of 2013, TDS is applicable on sale of immoveable property wherein the sale consideration of the

Cash Transaction

Cash Transaction Rules from under Income Tax- Section 269ST FAQ

Updated on: April 30, 2021

Restriction on Cash Transactions under Income Tax Act (Section 269ST) – Cash Transaction Rules from 1st April 2017, FAQ on Cash Receipt of Rs.2 Lakh

Income of Other Persons included in our Income

Income of other Persons included in our Income – In Detailed

Updated on: April 29, 2021

Income of Other Persons included in our Income. Clubbing of India In India, There are certain cases when the income of other persons has to be

Income Tax

Paying Tax is better than Saving Tax! – Check out How?

Updated on: April 28, 2021

Paying Tax is better than Saving Tax!, Here we are discussed various Methods for Saving Tax in India, In this article we discussed Can Paying

TDS on Rent

TDS on Rent – Section 194-I, Due Dates, Rates, Person who Liable

Updated on: April 21, 2021

TDS on Rent: As per section 194 I of Income tax act 1961 ,TDS on rent has to be deducted where the aggregate amount paid or

Link Aadhaar Card with PAN Card by Using Income Tax New Utility

Link Aadhaar Card with PAN Card by Using Income Tax New Utility

Updated on: April 19, 2021

Link Aadhaar Card with PAN Card by Using Income Tax New Utility: Income Tax Department has made it easy for taxpayers to link their PAN with

caknowledge.in

How to submit Response for Outstanding Tax Demand

Updated on: April 15, 2021

How to submit Response for Outstanding Tax Demand. Many Times We Receive Outstanding Demand Notice but we Don’t Know how to Answer or Response for that

Carbon Tax

Carbon Tax: Meaning, Objectives, How does it work, Results

Updated on: April 10, 2021

Carbon Tax: Day by day with the increasing emission of gases having carbon content in to the environment is causing to pollution extremely. Eventually this

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