Articles
Advance Tax- “Pay as you Earn Scheme”
Benjamin Franklin once said, “In
this world nothing is certain but death and taxes”. So Why is that, When is
that, What is that, Who is that and How. Okay, here’s the answer to this-
Advance Tax....
Articles
Analysis of newly inserted Section 194O
The Union Budget brought about an insertion of Section 194O in the Income Tax Act,1961 effective from 1st October,2020 which warranted a tax deduction of 1% of the gross amount of goods, services, or both by the E-Commerce...
Articles
Instant PAN through Aadhaar based e-KYC
General Scheme of PAN Allotment:
A new facility of instant e-PAN through Aadhaar based e-KYC has been introduced by the Honourable FM in Budget 2020.
Electronically issued and Digitally signed e-PAN is now a valid mode...
Articles
Section 115 BAB – New Corporate tax rate for new manufacturing companies
The Government, via Taxation Laws (Amendment) Ordinance, 2019 passed on 20 September 2019, has introduced a favorable new corporate tax rate for new manufacturing companies. It has inserted Section 115BAB offering a low...
Articles
Understanding the Complex Section 14A of the Income Tax Act, 1961.
Introduction
Section 14A was inserted by Finance Act, 2001 having a retrospective effect from 01.04.1962. To understand the reason behind the insertion of section 14A, the relevant part of memorandum of Finance Act, 2001 is...
Articles
Do you need to disallow expense as per Section 14A of Income Tax Act even if you have sufficient interest free funds?
Judgement of High Court of Gujarat in case of PCIT vs. Sintex Industries Ltd . Further SLP dismissed by SC.
Facts of the case: In A.Y. 2009-10, the assessee had earned dividend income amounting to...
Articles
RULE 8D of Income Tax Act: Method for determining amount of expenditure in relation to income not includible in total income
What is Rule 8D of Income Tax Act, 1961?
Rule 8D of Income Tax Act reads as follow:
Where the Assessing Officer, having regard to the accounts of the assessee of a previous year,...
Articles
“LLP Settlement Scheme 2020”- File all pending returns with reduced additional fees- One time benefit for LLPs
The Ministry of Corporate Affairs, Government of India has introduced the "LLP Settlement Scheme 2020" vide General Circular No. 06/2020 dated 04.03.2020 and modified the same further vide General Circular No. 13/2020 dated 30.03.2020.
What...
Recent posts
Want to publish your own blogs?
Write an Article
+91 97234 00220
info@itatorders.in