Category: Income Tax

TCS on sale of Goods - newly inserted section 206 C(1H)...

P K Gupta Oct 15, 2020 0 5218

The seller of goods is required to deduct TCS of 0.1% subject to a few conditions...

Section 194N – TDS on cash withdrawal of more than Rs....

P K Gupta May 3, 2020 0 7026

In Union Budget 2019, new section 194N was inserted. If cash withdrawn by a taxpayer...

Section 269ST - Restrictions on Cash Transactions (Rs....

P K Gupta Mar 12, 2020 0 5882

If we read the section 269ST carefully, it talks about 3 things majorly: a) Transactions...

NPS - Limit of deductions and withdrawal and tax impact...

P K Gupta Mar 9, 2020 0 3615

Deduction Limit, Withdrawal: Limit and Tax Impact, Type of NPS Accounts, 5 Reasons...

BENEFITS OF PROFESSIONAL TAX REGISTRATION ( PTEC AND PTRC...

SANJAY B TRIVEDI Mar 8, 2020 0 9141

Taxability of Income of Minor

P K Gupta Feb 25, 2020 0 3164

Income of Minor Child - Taxability - Exemptions - Exceptions - Tax Planning

Tax Audit Applicability Checker Tool

P K Gupta Feb 24, 2020 0 4786

A free utility to check the applicability of tax audit u/s 44AB or presumptive taxation...

Know all about a Will

P K Gupta Feb 20, 2020 0 1912

Essential requirement for drafting a will (वसीयत): 1. Intention of the testator...

Now get Instant E-PAN based on your Aadhaar Number

Rukmani Gupta Feb 19, 2020 0 3033

Following are the steps to apply for Instant E-PAN:- Step 1:- Click on the link...

In case of death of assessee - taxability and ITR filing...

P K Gupta Feb 18, 2020 0 5517

Vivad Se Viswas Scheme - for Direct Tax

P K Gupta Feb 17, 2020 0 1762

An Amnesty Scheme: Introduced in Budget 2020 on 1st February 2020 by Hon’ble FM...

Be Aware About Tax on Your EPF Contribution & EPF Withdrawal

Rukmani Gupta Feb 6, 2020 0 2671

EPF (Employee Provident Fund) has four components: - 1. Employee’s Contribution...

Step by Step procedure to Add Challan in TDS Statement...

Rukmani Gupta Jan 25, 2020 0 18086

1. After login to traces, click on default tab & in that click on Request for Correction....

Tax on Gift of Movable Assets

P K Gupta Jan 5, 2020 0 1983

1. When a Gift of movable asset is chargeable to tax? 2. What is value of taxable...

Tax on Gift of Immovable Properties- Applicability & Exemptions

P K Gupta Jan 4, 2020 0 1318

1. When a Gift of immovable property is chargeable to tax? 2. What is value of taxable...

Tax on Monetary Gifts – Applicability & Exemptions

P K Gupta Jan 4, 2020 0 1431

1. Which “Monetary Gifts” are chargeable to tax. 2. Who can make monetary gifts...