Browse Category

Income Tax - Page 3

Taxed by Algorithm: CPC’s Encoded Logic and the Erosion of Real Intelligence in Assessment

February 12, 2026

This Article was originally published in Chartered Accountants Association Ahmedabad Journal (Dec-2025) As India prepares to welcome 2026 and a new Income Tax law, the country’s tax administration stands at an inflection point shaped not merely by legislative reform but by the exponential advance of artificial intelligence and algorithmic governance. In the last couple of years, AI has revolutionised tax

Income Tax

Income Tax deduction for procurements from MSMEs only upon actual payment

By Shaleen Shah | LinkedIn, assisted by Divyansh Jain Introduction This Note is relevant to computation of income under the head ‘Income from business and profession’. Section 43B of the Income Tax Act provides a list of expenses allowed as deduction, on cash basis irrespective of the year of accounting.

Foreign companies may be required to file Tax Returns in India

by Nexdigm Private Limited as published on mondaq.com Impact of increase in withholding

How Cryptocurrencies Are Taxed In India

[Source: forbes.com; Authors: Justin M Bharucha, Aashika Jain] Cryptocurrencies and non-fungible tokens

India may make the Calendar Year, instead of April-March, as its new Financial Year from as early as 2018

July 13, 2016

Asides·Audits & Assurance·Income Tax

India may make the Calendar Year, instead of April-March, as its new Financial Year from as early as 2018

Equalisation Levy of 6% on e-commerce transactions applicable from 1-Jun-2016

June 6, 2016

Income Tax

[By Shaleen Shah (Partner), VNCA] We had informed you earlier that based on the recommendations a CBDT committee on taxation of e-commerce, Finance Minister Arun Jaitley had in his Budget proposed an Equalisation Levy of 6% to tap tax on income accruing to foreign e-commerce companies from India. Budget-2016 has

CBDT suggests “Equalisation Levy” of 6-8% on B2B deals

March 22, 2016

Income Tax

A CBDT committee on taxation of e-commerce has suggested a "Equalisation Levy" of 6-8% for business-to-business deals with a view to tax digital transactions. Based on the recommendations of the committee, which had submitted its report to the government in February, Finance Minister Arun Jaitley in his Budget proposed an

Taxman gets new tech tool to identify, kill duplicate PAN

March 22, 2016

Income Tax

After years of labour, the I-T department has finally got a new technology tool to check duplicate PAN cards, allowing them to ‘kill’ it. An ambitious electronic platform called the Income Tax Business Application-Permanent Account Number (ITBA-PAN) has been operationalised. It will help the taxman and PAN issuing intermediaries identify

Amendment of Rules regarding quoting of PAN for specified transactions w.e.f. 1-Jan-2016

January 20, 2016

Income Tax

It is mandatory under Rule 114B of the Income Tax Rules to quote PAN where the transactions exceed a specified limit. To bring a balance between burden of compliance on legitimate transactions and the need to capture information relating to transactions of higher value, the Government has amended Rule 114B

CBDT Circular On TDS From Salaries During FY 2015-16

December 8, 2015

Income Tax

The CBDT has issued Circular No. 20/2015 dated 02-Dec-2015 in which it has explained the entire law relating to the obligation of employers to deduct income tax from the payment of “Salaries

Government says US return IT professionals need to declare 401k account

July 9, 2015

Income Tax

Originally Published in www.economictimes.com Anyone who’s worked in the US and opened a 401k account may need to inform the Indian tax authorities or face harsh penalties under the black money law that came into force on July 1. Thousands of India’s IT professionals and others who’ve worked overseas will

The Entire Law On Taxation of Undisclosed Foreign Income and Assets

May 4, 2015

Featured·Income Tax

[Author: CA. P.N. Shah, Past President ICAI; Source: www.itatonline.org] 1 Background The Finance Minister, while presenting his Budget on 28th February, 2015, has divided his tax proposals under six heads. One of this relates to “Measures to Curb Black Money

Due date for deposit of TDS/TCS of Sep-14 extended to 10-Oct-14

October 1, 2014

Income Tax

Press Release from CBDT Extension of the due date of deposit of tax deducted at source/tax collected at source during the month of September, 2014. Considering the consecutive holidays owing to the festive season and weekend during the first week in the month of October, 2014, the Central Board of

Long-term FMP Investors Face Almost Zero Tax Now

August 29, 2014

Income Tax

Investors in short-term debt funds may be ruing the changes in tax rules but long-term investors have plenty to smile about. They are still eligible for a tax bonanza, thanks to the indexation benefit available on investments of more than three years. If you invested in a three year fixed-maturity

Previous 1 2 3 4 5 … 8 Next

Income Tax - Page 3

Taxed by Algorithm: CPC’s Encoded Logic and the Erosion of Real Intelligence in Assessment

Income Tax deduction for procurements from MSMEs only upon actual payment

Foreign companies may be required to file Tax Returns in India

How Cryptocurrencies Are Taxed In India

India may make the Calendar Year, instead of April-March, as its new Financial Year from as early as 2018

Equalisation Levy of 6% on e-commerce transactions applicable from 1-Jun-2016

CBDT suggests “Equalisation Levy” of 6-8% on B2B deals

Taxman gets new tech tool to identify, kill duplicate PAN

Amendment of Rules regarding quoting of PAN for specified transactions w.e.f. 1-Jan-2016

CBDT Circular On TDS From Salaries During FY 2015-16

Government says US return IT professionals need to declare 401k account

The Entire Law On Taxation of Undisclosed Foreign Income and Assets

Due date for deposit of TDS/TCS of Sep-14 extended to 10-Oct-14

Long-term FMP Investors Face Almost Zero Tax Now

Recent Posts

Categories