Category: Income Tax

Disallowance for cash payment under section 40 (A) 3 According to Income Tax Act 1961 all expenditure incurred in respect of business is allows for computing  business income during the relevant period . There is Read More

Section 115BAB Corporate tax rate for new manufacturing companies. According to Income Tax Act 1961 Government has introduced a new tax regime or say low corporate tax rate for new manufacturing companies a new section Read More

  ITR के बारे में समझे। अपनी आय के हिसाब से कौन सा फॉर्म भरना होता है   ITR – 1:- देश के आम आदमी जिनकी आय 50 लाख रूपए तक है उस व्यक्ति को Read More

Expenses or payment not deductible in certain circumstances Section 40A According to Income Tax Act,1961 all expenses relating to business or profession are allows as deduction. The provision which are being discusses under various sub Read More

Form 3CD has following clauses   Name of Assessee* Address of Assessee* Permanent Account Number (PAN)* 4(a). Whether the assessee is liable to pay indirect tax like excise duty, service tax, sales tax, goods and Read More

  Form 3CB of Income Tax According to Income Tax Act 1961 any assessee required to audit under section AB need to file audit report in a prescribed Form. Form 3CB From 3CA But there Read More

Form 3CA of Income Tax According to Income Tax Act 1961 any assessee required to audit under section AB need to file audit report in a prescribed Form. Form 3CA From 3CB But there is Read More

Related Party Transaction section(40)A (2)of Income Tax Act,1961 According to Income Tax Act,1961 any expenditure incurred for business purpose during the relevant period are allow in various sections but there are certain exception section 40 Read More

Online Tax payment According to Income Tax Act,1961 every assessee need to pay Income Tax through various challans If TDS or TCS payment  Challan no. 281 If Income Tax for self assessment through challan no. Read More

What is TDS and Why it is deducted ? According to Income Tax Act 1961 Chapter 25 deal with Deduction and Collection of Tax at Source. Tax Deducted at Source is income tax reduced from the money Read More