Blog Categories
Subscribe to Newsletter
Join our subscribers list to get the latest Tax Updates and Opportunities.
Knowledge Portal
Click here to explore deep insights, FAQs, and comprehensive tax guides.
Explore Now
Limitation on Interest Deduction in certain cases [Section 94B of the Income Tax Act, 1961]
Limitation on Interest Deduction in certain cases [Section 94B of the Income Tax Act, 1961]Section 94B was enacted by the Finance Act, 2017, with effect from 01.04.2018 in order to mitigate the impact of interest expendi...
Tax Evasion through Client Code Modification
Tax Evasion through Client Code ModificationModifications in client code – a unique trading id given to all clients - are required in cases of a manual error on the part of investor or broker while punching in the clie...
Income falling under the head salaries – If payable by the Government to a citizen of India for service outside India [Section 9(1)(iii)]
Income falling under the head salaries – If payable by the Government to a citizen of India for service outside India [Section 9(1)(iii)]Salary paid to an Indian citizen by the Government of India for rendering service...
Exemption of Long term Capital Gain Tax on Transfer of Residential Property (House or Plot of land) if Net Consideration is Invested in the Equity Shares of a new Start-up SME Company [Section 54GB]
Exemption of Long term Capital Gain Tax on Transfer of Residential Property (House or Plot of land) if Net Consideration is Invested in the Equity Shares of a new Start-up SME Company [Section 54GB]Section 54GB of the Ac...
Application of Income - Important points to remember
Application of Income - Important points to remember§ Assessing Officer to verify the genuineness of the application of income§ Every trust or institution should apply at least 85% of its income d...
Payment of Admitted Tax Due before Filing an Appeal before the Joint Commissioner (Appeals) or the Commissioner (Appeals) [Section 249(4)]
Payment of Admitted Tax Due before Filing an Appeal before the Joint Commissioner (Appeals) or the Commissioner (Appeals) [Section 249(4)]Section 249(4) provides that appeal shall not be admitted unless—(a) where a ret...
Awarding Cost of any appeal by the Income Tax Appellate Tribunal [Section 254(2B)]
Awarding Cost of any appeal by the Income Tax Appellate Tribunal [Section 254(2B)]Section 254(2B) gives discretion to the Tribunal in the matter of awarding of costs of any appeal. However, no rules have been laid down f...
Tax Deducted at Source (TDS) on Year End Provisions
Tax Deducted at Source (TDS) on Year End ProvisionsUnder the Income Tax Act, 1961, a person is required to deduct tax at source at the prescribed rate if the certain payments or credit exceeds specified threshold limits ...
Deductions in respect of profits and gains from housing projects [Section 80IBA]
Deductions in respect of profits and gains from housing projects [Section 80IBA]Section 80-IBA provides for 100% deduction in respect of the profits and gains derived from developing and building certain housing projects...
Income Tax Assessment - Issues related to Real Estate Sector
Income Tax Assessment - Issues related to Real Estate SectorThe real estate business in India stands at second number after agriculture in terms of employment. The real estate sector’s contribution to the countryâ...