Login  |  Register  |  Forgot Password 
Below Login Ad
Articles Category : Income Tax
The Concepts of Turnover, Sales and Gross Receipts
Posted Date : 03-Feb-2024 , 06:52:10 pm | Posted By ANMOLBOHRA

In the Income tax act, the words “Turnover”, “Gross receipts” and Sales are used at many places. In the common business parlance, the terms sales and turnover are used interchangeably. However, as per Income Tax law, guidelines are available on the question of what constitute...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 704

Delay in Making Payment to Micro and Small Enterprises Means Deferred Deduction
Posted Date : 25-Jan-2024 , 07:55:34 am | Posted By S.Mahajan

Very Important Income Tax Update regarding Micro and Small Enterprises     Section 43B-any amount remains unpaid on year end to creditors, being micro/small entity, beyond 45 days or less, as agreed or 15 days if no agmt, shall be added to taxable Income resulting in huge additional tax l...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 1067

Section 206C of the Income Tax Act, 1961
Posted Date : 27-Nov-2023 , 06:04:05 pm | Posted By Ishita Ramani

Introduction   A new TCS section 206C (1H) was added to Finance Bill 2020. The updated section specifies that if a seller sells goods and the total sales value exceeds INR 50,00,000 (the threshold amount) in the same financial year, the seller must collect TCS from the customer. The content i...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 2625

Deduction from Capital Gain on Transfer of Capital Assets other than Residential House Property (Section 54F)
Posted Date : 24-Nov-2023 , 02:36:26 pm | Posted By ANMOLBOHRA

Applicable to: Individual or Hindu Undivided Family (HUF) Conditions: The assessee must have transferred a long-term capital asset, excluding residential house property. The assessee must acquire one residential house within a prescribed time limit, and its income must be taxable under Se...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 2663

INTEREST ON EXCESS REFUND
Posted Date : 20-Nov-2023 , 05:51:20 pm | Posted By Law Legends

At times it may so happen that the taxpayer is granted excess refund. Section 234D of Income Tax Act, 1961 provides for levy of interest on excess refund granted to the taxpayer.  In this blog of Law Legends you can gain knowledge about various provisions relating to intere...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 1973

ADVANCE TAX - WHAT,WHOM,WHEN,HOW,LEGAL ASPECTS AND BENIFITS
Posted Date : 20-Nov-2023 , 05:23:35 pm | Posted By BRAJESH K. JHA

What is Advance Tax? In simple words, an advance tax is the income tax which we have paid in the same financial year in which we earn it. Generally, we pay our income tax to the government in the next financial year i.e assessment year, after calculating the financial data of previous financial yea...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 1870

All you need to know about Form CHG-1 for Registering a Charge
Posted Date : 23-Oct-2023 , 04:05:33 pm | Posted By Ishita Ramani

Introduction   The act of filing a charge provides security and enables the charge holder to collect the claim amount from the security that the company has charged in the charge holder’s favor in the event that the charge holder defaults on the loan. In this blog, we will discuss the f...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 432

Share Transfer Process in Private Limited Company
Posted Date : 05-Sep-2023 , 04:48:17 pm | Posted By Ishita Ramani

Introduction   In a Private Limited Company, the shareholders are involved in deciding who owns the business. You must transfer the shares if you want to bring in new investors or change ownership during the course of your business. Today, we will look at the process of transferring shares in...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 873

Exploring Form 60 and Form 61: Benefits, Issues, and Considerations in Indian Financial Transactions
Posted Date : 29-Aug-2023 , 09:34:14 pm | Posted By NIKITA AGARWAL

Exploring Form 60 and Form 61: Benefits, Issues, and Considerations in Indian Financial Transactions Form 60 and Form 61 are used in India for certain financial transactions. Form 60 is used when an individual does not have a Permanent Account Number (PAN) and is carrying out specified transaction...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 478

ALL ABOUT FORM 15CA & 15CB - PROVISION, APPLICABILITY, PROCESS AND DOCUMENTS
Posted Date : 30-Jul-2023 , 10:37:35 pm | Posted By NIKITA AGARWAL

The introduction of Form 15CA and Form 15CB in the Income Tx Act of India was primarily aimed at strengthening tax compliance and enhancing transparency in foreign remittances. Reporting foreign transactions in Form 15CA and Form 15CB is a crucial compliance requirement for certain remittances ma...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 679

General Guidance on Professional Tax
Posted Date : 27-Jul-2023 , 09:39:23 pm | Posted By NIKITA AGARWAL

Professional Tax is a state-level tax imposed by various state governments in India. It is levied on income earned by individuals from professions, trades, callings, or employment. Each state in India has its own Professional Tax Act and regulations governing the levy and collection of this tax. The...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 356

Tax implications on unlisted shares for both the investors and Company
Posted Date : 27-Jul-2023 , 01:31:02 am | Posted By NIKITA AGARWAL

Investing in unlisted shares in India can have various tax implications, both at the time of acquisition and when selling or transferring these shares. Unlisted shares refer to shares of companies that are not listed on any recognized stock exchange. Here are some key tax implications to consider: ...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 325

Income Tax Dept Serves Notices to Salaried Individuals asking for details of CA / Advocate / Tax Consultants
Posted Date : 26-Jul-2023 , 11:21:25 am | Posted By CA.Khurana Vivek

Notices are being served by the Income tax (I-T) department asking assessees to produce documentary proof for claiming exemptions / deductions. Complete with fake rent receipts from close relatives, extra claims against home loans, false donations and a slew of dodgy practices encouraged by some of...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 221389

Leave Trasvel Concession Claim – Provisions, Documents and Frequency
Posted Date : 25-Jul-2023 , 07:31:48 pm | Posted By NIKITA AGARWAL

Leave Trasvel Concession Claim – Provisions, Documents and Frequency   LTC (Leave Travel Concession) is a tax benefit provided by the Indian government to salaried individuals for expenses incurred on travel. The LTC is primarily applicable to government employees, employees of public s...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 239

Top 5 Useful Ways to Save Income Tax
Posted Date : 25-Jul-2023 , 10:24:04 am | Posted By CA Jyoti Agrawal

Income tax is an essential part of every citizen’s financial responsibility. However, finding legal ways to save income tax liability can be beneficial. While there are may methods to save income tax in india , such as claiming deductions for investments and expenses, there are also some other...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 232

How to claim deduction of Joint Home Loan in ITR
Posted Date : 22-Jul-2023 , 10:49:19 am | Posted By NIKITA AGARWAL

When three individuals take a joint home loan and want to claim the tax benefits for the interest paid on the loan, they can do so by following these steps: Ownership Ratio: First, they need to determine the ownership ratio of the property and the loan among the three individuals. This ratio will...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 224

Supercharge Tax Benefits With Section 80RRB
Posted Date : 21-Jul-2023 , 11:07:19 am | Posted By CA Jyoti Agrawal

Royalties on patents are similar to rewards for producing excellent work. Section 80RRB was included to the Income Tax Act to encourage people. Taxpayers may deduct revenue from royalties on patents under this clause. According to section 80RRB, the taxpayer is qualified to make a deduction claim. T...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 223

Fill out the Deceased's Income Tax Return as the Legal Heir
Posted Date : 18-Jul-2023 , 10:11:47 pm | Posted By CA Jyoti Agrawal

Did you realise that taxes can be levied on the deceased as well? As absurd as it may appear, if a deceased person had taxable income, income tax returns had to be submitted for that person. For the income earned up until the date of death, his legal heir or representative must file the return on hi...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 277

Calculation of Capital Gains on Shares when the cost of purchase is unknown
Posted Date : 17-Jul-2023 , 05:58:58 pm | Posted By NIKITA AGARWAL

Calculating capital gains on shares when the cost of purchase is unknown can be challenging. However, there are a few methods you can use to determine the cost of acquisition and calculate the capital gains. Here's a general approach:   Determine the fair market value (FMV) as on 31st January...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 436

The Process to Prepare the GST Audit
Posted Date : 13-Jul-2023 , 12:08:58 pm | Posted By Ishita Ramani

Introduction   Registered taxpayers in India with an aggregate turnover of more than 2 crores in a financial year must have their accounts book audited by an authorized Cost Accountant or a Chartered Accountant in accordance with Section 35 (5) of CGST Act. The taxpayer must submit a copy of ...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 176

Tax on Income from Share Market Trading and Investing | Taxation on Shares and Securities - Part 1
Posted Date : 07-Jul-2023 , 09:54:50 am | Posted By CA.Khurana Vivek

Taxation on Shares and Securities - Part 1 Taxation on Trading of Shares Listed Shares Unlisted Shares Taxation on Mutual Fund Debt Oriented Equity Oriented Bonds & Debentures Listed Unlisted Zero Coupon   CBDT Circular No.4/2007 dated 15.06.2007, Cir...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 415

Canada Express Entry Draw - IRCC issues 9100 ITAs in Latest 2 Express Entry Draws for PR
Posted Date : 28-Jun-2023 , 09:56:42 pm | Posted By CA.Khurana Vivek

Latest Express Entry Draw for PR on 27th June 2023. Second Express Entry draw of June 2023. First was on 08th June 2023. The draw was a surprise as it marked the second Express Entry round of invitations in consecutive weeks. IRCC has now already invited 9,100 Express Entry candidates in...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 705

WHY IS IT ESSENTIAL TO DETERMINE A PERSON’S STATUS AS RESIDENT, ORDINARILY RESIDENT AND NOT ORDINARILY RESIDENT UNDER THE INCOME TAX ACT?
Posted Date : 17-May-2023 , 12:35:02 pm | Posted By ILA JINDAL

As we all must be aware about that an individual’s income taxability is depends upon his residential status, which is to be determined on an year to year basis. Let us first see, when can an individual become a resident of India. An individual shall be deemed to be a resident of India if he s...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 923

Boost Your Website's Ranking: Choose SEO Reseller India
Posted Date : 16-May-2023 , 05:14:54 pm | Posted By Mansi Rana

SEO Reseller services have become a popular option for businesses looking to outsource their search engine optimization needs. In India, there are many SEO reseller companies that offer a variety of services to their clients. In this article, we will discuss SEO reseller services in India and how th...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 732

EPF registration for a Private Limited Company
Posted Date : 16-May-2023 , 12:41:42 pm | Posted By Ishita Ramani

Introduction If you're looking to provide the best care and benefits to your employees, registering your company for Employee Provident Fund (EPF) is essential. This blog with help you in knowing all the requirements for EPF registration for a Private Limited Company, including eligibility criteria...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 638

Why is it Important for Business to File an Income Tax Return?
Posted Date : 11-May-2023 , 11:35:15 am | Posted By Simran Saxena

Income tax is a type of direct tax which is paid on the money that people and businesses make during a certain fiscal year. Declaring the income received during the financial year, the claimed deductions and the tax paid to the government are all part of the process of submitting income tax returns....

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 413

How to file GST return online
Posted Date : 04-May-2023 , 12:50:37 pm | Posted By Ishita Ramani

Goods and Services Tax (GST) is a comprehensive indirect tax levied on the supply of goods and services in India. It has replaced several indirect taxes like Value Added Tax (VAT), Service Tax, Central Excise Duty, and Customs Duty. GST is a self-assessment tax, and every registered taxpayer has to ...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 315

Difference between GSTR-1 and GSTR-3B
Posted Date : 25-Apr-2023 , 01:18:36 pm | Posted By Ishita Ramani

  Introduction Dealers who have registered for GST are required to submit monthly and quarterly returns. These returns are essential to collect data from authorized dealers and forward it to the ITC. Taxpayers file several types of GST returns annually, but this blog will focus on GSTR-1 and ...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 489

Important Statutory Due dates for Company Annual Filing for FY 2022-23
Posted Date : 12-Apr-2023 , 11:55:11 am | Posted By Ishita Ramani

At the beginning of every financial year, companies registered in India are reminded to take note of all the important due dates for Company Annual Filing. This applies to all types of companies, whether they are Private Limited, Public Limited, Small or Large. It is essential that companies are awa...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 280

Banks Audit - Revenue Leakage / Income Leakage in Banks
Posted Date : 23-Mar-2023 , 07:33:06 am | Posted By CA.Khurana Vivek

Concept of Revenue Leakage in Bank's Audit :- One of the most important aspects of a bank audit is revenue leakage. In some banks, it is conducted separately while some consider it as a part of Concurrent Audit or Statutory Audit or Internal Audit. The revenue leakages could have two limbs, on...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 1770

Articles By Categories

More Categories

Hall of Fame for Articles

Name Pic Articles Rank
Vinay Sharma 177 1
 
CA Bimal Jain 122 72
 
Mukul Gulati 82 91
 
Ishita Ramani 67 144
 
CA.Khurana Vivek 56 12
 

Search Articles

 
 
 

News on Income tax,income tax efilling,income tax return,login,refund,india,calculator,forms,rules on casansaar.website for ca,chartered accountant.

 
www.casansaar.com
...keeps you updated

Home

  |  News

  |  Articles

  |  Discussion

  |  CA Firms

 |  Members

 |  CA Community

 |  Jobs

 |  Empanelment

 |  Files

 |  Matrimonial

 |  Students zone

 |  Queries

 |  Classified Ads

 |  Events

 |  About us

 |   Top Members

 |  Coaching Centres

  | Testimonials

 | Judiciary

 | Videos

 | Notifications/Circulars

 | Book

 | eDirectory

 | Interview

 | Website

 | Emails

 | Software

 |  Score Board

 |   Press Release  

 |   Blood Bank  

  |   Opinion Poll  

  |   Feedback
 |   Advertise us

 |   Terms & Conditions

 |   Refund Policy

 |   Contact us
 |   Blog

  |   Sitemap

  |   Auditing

  |   Bank

  |   Bank branch audit

  |   Banking

  |   Black Money

  |   CA

  |   CA Announcement

  |   TDS

  |   Students Zone

  |   Custom

  |   VAT

  |   Service Tax

  |   Corporate Law

  |   General

  |   Excise

  |   SEBI

  |   Finance

  |   GST

  |   ICAI

  |   FEMA

  |   ICWAI

  |   ICSI

  |   DGFT

  |   RBI

  |   IFRS

  |   CAG

  |   Budget

  |   Merger & Acquisitions

  |   International Business

  |   Shares & Stock

  |   Excel Tips

  |   International Taxation

  |   ITR

  |   Chartered Accountant

  |   Tax Audit

  |   Companies Act

  |   Money Laundering

  |   MCA

  |   Income Tax Refund

  |   NPA

  |   Income tax software

  |   CST

  |   CA Exams

  |   CA Results

  |   CBDT

  |   Accounting Standards

  |   DIN

  |   Judical Announcement

  |   MDP

  |   PAN

  |   Whats App

  |   Secretarial Standards

  |   NGO

  |   CA Convocation

  |   Finance Bill

  |   ICAI Notification

  |   CARO

  |   COMPANIES SECRETARY

  |   Accounts

Follow Us : Twitter Icon Facebook Icon Orkut Icon Linkedin Icon Linkedin Icon
Developed By: CASANSAAR Copyright © casansaar

Top Accounting Firms,CA COMMUNITY,CA SANSAAR,Chartered Accountant,Ca Networking Firms,Partner Portal,Ca Assignments,CA,Online Communities For Chartered Accountant,Circle For Ca,CS,CMA and FINANCE,Articles By CA / CS / CMA,accounting news articles,Ca Firms In Delhi,CA ANNOUNCEMENT

accounting jobs,article trainees,best website creator,empanelment,income tax slab, ITR, TDS Chart,budget of india 2014-15,gst,auditing,Income tax,students zone,cpt,community matrimony for ca,Classified Ads,Community Matrimony For Ca,Students Zone,Coaching Classes,Company Secretary,Cost Accountant,Judiciary.