Income Tax Updates Archives - TOP CHARTERED ACCOUNTANT IN AHMEDABAD,GUJARAT

K M GATECHA & CO LLP- CA firm in Ahmedabad,Gujarat,India

All about HUF in India

Post author:K M GATECHA CO LLP
Post published:29/01/2022
Post category:CA updates Chartered Accountant updates Income Tax Dedutions Income Tax Updates PAN
Post last modified:05/02/2022
Reading time:6 mins read

In this article we have discussed all about HUF in India.The business carried out by the members of a Hindu undivided family as joint Hindu family business. HUF is a…

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How to claim exemptions from Long Term Capital Gains

Post author:milap
Post published:24/01/2022
Post category:CA updates Capital gain tax in India Chartered Accountant updates Income Tax Dedutions Income Tax Updates
Post last modified:07/11/2024
Reading time:5 mins read

How to claim exemptions from Long Term Capital Gains Long Term Capital Gains are defined as profits on sale of assets (movable or immovable) which have been held for: 3…

TDS on purchase of goods u/s 194Q

Post author:milap
Post published:17/01/2022
Post category:CA updates Chartered Accountant updates Income Tax Updates TDS TDS TDS Return
Post last modified:17/01/2022
Reading time:5 mins read

TDS on purchase of goods u/s 194Q

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Tax on property sale in India

Post author:milap
Post published:05/01/2022
Post category:CA updates Capital gain tax in India Chartered Accountant updates Income Tax Updates TDS
Post last modified:07/11/2024
Reading time:6 mins read

Tax on property sale in India attract various taxes such as Gains, Cess and TDS which is to be calculated and paid while selling the property. These taxes are to…

House Rent Deduction in Income tax

House Rent Deduction in Income Tax

Post author:milap
Post published:01/01/2022
Post category:CA updates Chartered Accountant updates Income Tax Dedutions Income Tax Updates
Post last modified:02/01/2022
Reading time:11 mins read

House Rent Deduction in Income taxHouse is one of the basic needs of any individual. Thus, the Government of India has made an allocation for deduction of rent paid by…

Cash deposit limit in bank account in a year as per income tax

Post author:milap
Post published:23/11/2021
Post category:CA updates Income Tax Updates
Post last modified:23/11/2021
Reading time:4 mins read

Cash deposit limit in bank account in a year as per income tax Cash deposit limit in bank account in a year as per income tax I this article we…

6 top benefits of filing ITR|Who is required to do compulsory filing of ITR?

Post author:milap
Post published:28/10/2021
Post category:Income Tax Updates
Post last modified:28/01/2022
Reading time:6 mins read

In this article we will discuss about benefits of filing itr and Who is required to do compulsory filing of ITR? In following cases filing of ITR is mandatory.Thus in following case…

Taxation of gifts under Income Tax Act 1961

Post author:K M GATECHA CO LLP
Post published:25/08/2020
Post category:Income Tax Updates
Post last modified:29/01/2021
Reading time:6 mins read

Today we have explained taxation of gifts under Income Tax Act 1961 from relative. People are usually unaware of the taxation of the gifts which is most popular topic for…

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:29/01/2021
Reading time:4 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:8 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:03/02/2021
Reading time:5 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:04/02/2021
Reading time:6 mins read

Short term capital gain on sale of equity shares means gain arising on sale of equity shares held for less than one year is taxable at 15% under section 111A…

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:04/02/2021
Reading time:5 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:03/02/2021
Reading time:5 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…