Income Tax

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Income Tax

Employee State Insurance: Its Concept and Process for R...

Employee-State-Insurance-Its-Concept-and-Process-for-Registration

ESIC is the acronym form for the Employee State Insurance Corporation. This is an autonomous body established by the Ministry of Labor and Employment that...

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Income Tax Taxation

Provision-wise Analysis of Key Income Tax Changes vide...

Analysis of Key Income Tax Changes

The Finance Minister (FM), Nirmala Sitharaman, proposed some income tax changes vide Finance Bill, 2020. Some key provisions of the Income Tax Act, 1961, w...

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Income Tax Taxation

Abolition of Dividend Distribution Tax and impact of it...

Abolition of dividend distribution tax

With a view to decrease compliance burden on issuing companies w.r.t. tax deduction certificates and to ease the collection of taxes, the DDT system was in...

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Income Tax Taxation

Old vs. New Tax Rates – Whether a taxpayer should cho...

Old vs New Tax Rates

A new and simplified income tax regime was proclaimed by the Ministry of Finance on 1st February 2020. The Finance Minister, Nirmala Sitharaman, stated in...

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Income Tax Startup Taxation

Income Tax Slabs: Tax Rates for the Financial year 2020...

Income Tax slabs for financial year 2020-21

The Union Government in Budget 2020 has proposed a new tax regime by slashing Income Tax Rates. Some changes have been made in the income tax slabs to decr...

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Income Tax Taxation

Income Tax Changes to be expected in Budget 2020-2021...

income tax

Assumptions are on high that Finance Minister Nirmala Sitharaman will provide some relief on the personal Income Tax in the upcoming Budget session. The ex...

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Income Tax Taxation

E-assessment Scheme for Scrutiny Under the Income Tax A...

e-assessment scheme

To enable the electronic conduct of income tax assessment proceedings, a faceless scheme of scrutiny was launched by CBDT. With the introduction of such a...

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Income Tax Taxation

Several Types of Assessment Under The Income Tax Act...

types of assessment

All assessees have to file their returns of income with the Income tax department to furnish the complete details of income pertaining to the relevant fina...

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