Calculation of tax on agriculture income as per Income Tax Act 1961

Post author:K M GATECHA CO LLP
Post published: 22/08/2020
Post category:Income Tax Updates
Post last modified: 04/09/2026
Reading time:2 mins read

We all know that under Income Tax Act 1961 agriculture income is exempt. Though if below two conditions are cumulatively satisfied then it is required to be included in computation…

Trust registration as per Income Tax Act 1961

Post author:K M GATECHA CO LLP
Post published: 19/08/2020
Post category:Chartered Accountant updates Income Tax Updates Section 12A Section 80G
Post last modified: 07/07/2023
Reading time:6 mins read

Today we have discussed details of Trust registration as per Income Tax Act 1961.Section 12A of income tax act 1961 relates to Trust registration as per Income Tax Act 1961…

Interest and remuneration to partners as per Income Tax Act 1961

Post author:K M GATECHA CO LLP
Post published: 04/08/2020
Post category:CA updates Chartered Accountant updates Income Tax Updates Partnership
Post last modified: 04/09/2026
Reading time:3 mins read

In this article we have discussed Interest and remuneration to partners as per Income Tax Act 1961.People are usually confused regarding income tax provision relating to payment of remuneration and…

Short term capital gain on sale of equity shares

Post author:K M GATECHA CO LLP
Post published: 19/07/2020
Post category:Income Tax Updates
Post last modified: 21/10/2025
Reading time:9 mins read

Short term capital gain on sale of equity shares Short term capital gain on sale of equity shares 1. Introduction Short term capital gain on sale of equity shares…

Acceptance or repayment of loan in cash

Post author:K M GATECHA CO LLP
Post published: 10/07/2020
Post category:Income Tax Updates
Post last modified: 25/09/2026
Reading time:3 mins read

People are usually taking loans or deposits to run their business but should take care in acceptance or repayment of loan in cash.Hence many a times loans or deposits are…

7 Reasons for Income Tax notices

Post author:K M GATECHA CO LLP
Post published: 08/07/2020
Post category:Income Tax Updates
Post last modified: 25/09/2026
Reading time:3 mins read

Income Tax notices can be received due to number of reasons.In this article we will discuss common 7 Reasons for Income Tax notices.People as a responsible taxpayer always try to…

Taxation of professional fees of doctors

Post author:K M GATECHA CO LLP
Post published: 06/07/2020
Post category:Income Tax Updates
Post last modified: 12/11/2026
Reading time:12 mins read

Income Tax for Doctors in India 2026-27: Professional Fees, Presumptive Taxation, Tax Audit, GST & ITR|CA for Doctor|Taxation of professional fees of doctors Doctors earning professional fees in India must…

School Fees Deduction Under Income Tax Act 1961

Post author:K M GATECHA CO LLP
Post published: 05/07/2020
Post category:Income Tax Updates
Post last modified: 09/02/2021
Reading time:4 mins read

Huge amount is incurred tuition fees expenses of the children by parents. Tax deduction is available under income tax for amount paid of tuition fees under Income Tax Act 1961…

Process for 15CA and 15CB

Post author:K M GATECHA CO LLP
Post published: 04/07/2020
Post category:Income Tax Updates
Post last modified: 25/10/2025
Reading time:17 mins read

1.Form 15CA and Form 15CB Compliance under Section 195 of the Income Tax Act In this article we have provided process for 15CA and 15CB compliance under Section 195 of…