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CATEGORY

Income Tax

Tax Incidence of Domestic Company Under Income Tax Act

The slab rate of Income-tax depends upon the residential status of a company in India during the relevant previous year. A Company may be...

Provident Fund – Types and Taxability under Income Tax

Introduction: Provident fund scheme is a scheme intended to give extensive benefits to an employee at the time of his retirement. Under this scheme, a...

Residential Status as per Finance Act 2020

The taxability of a person in India depends upon his residential status for any particular financial year. The term residential status has been created...

Income Tax: 3 changes to keep in mind in the financial year 2020-21

Though the FM Nirmala Sitaraman has extended numerous statutory deadlines related to taxation from 31 march to 30 June, the Finance Bill 2020 will...

The common mistakes done by people while filing ITR

Every year whose income is more than the basic exemption limit is required to file ITR. To reduce unnecessary problems, it’s mandatory to file...

Section 269SU – Constitutional Validity & Applicability

To promote a cashless economy and digital mode of accepting payment, the government of India has introduced section 269SU under Income Tax 1961. Section...

How can a private limited company save tax?

The company is an artificial person created by law. It has many rights, obligations, powers and duties prescribed by the Companies Act 2013. In this...

Income Tax Refund – How to Claim & Check Refund Status

Generally, people received a mail from the income tax department informing that you are eligible for an Income Tax Refund and it will be...

Important pointers of The Taxation Laws (Amendment) Ordinance, 2019

As we all know about the recent announcement made by the FM - Nirmala Sitaraman. I am sharing the important pointers of the Direct...

Taxability of Income from House Property in case of Non-Resident Individual

A brief about the topic: It’s very normal for Indian's living out of the country to have a house property in India. There are a...

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Taxclue
TaxClue Team

Taxclue is an online news portal for reporting all news, articles, judgments, Circulars, orders, and notifications relating to various corporate and tax laws in India. We use the tagline ‘Simplifying Laws’. Our mission is to Simplify the Laws and make people aware of their rights and duties in relation to tax matters in order to equip them to participate in nation-building.