IndiaLaw by assureOffice

Income Tax

Practical guides to returns, tax audit, assessments and notices.

Clear

Income Tax

485 articles
Section 206AB & Section 206CCA Higher TDS/TCS Rates for Non-Filers

Section 206AB & Section 206CCA Higher TDS/TCS for Non-Filers: Compliance Portal, 5% Floor & Vendor Defense Guide

An exhaustive practitioner guide to Section 206AB and Section 206CCA higher withholding and collection tax rates for non-filers, analyzing the 'specified person' criteria, CBDT Compliance Portal bulk PAN verification, statutory carve-outs, Section 206AA interplay, and Form 3CD Clause 34 compliance.

By Team assureOffice
Form 3CD Clause 34 TDS Compliance, Section 40(a)(ia) Disallowance & Form 26A

Tax Audit Form 3CD Clause 34: TDS/TCS Matrix, Section 40(a)(ia) 30% Disallowance & Form 26A Relief Guide

An exhaustive practical guide to Form 3CD Clause 34 tax audit reporting, analyzing the Chapter XVII-B/XVII-BB verification matrix, Section 40(a)(ia) 30% disallowance mechanics, second proviso relief via Form 26A/27BA accountant certificates, Section 201(1A) interest, and TRACES reconciliations.

By Team assureOffice
Section 115BBE: Sections 68, 69, 69A–69D, Taxation & Section 271AAC Penalty

Section 115BBE Unexplained Cash Credits & Investments: 78% Tax Rate, Penalty u/s 271AAC & Defense Guide

An exhaustive direct tax litigation masterclass on Section 115BBE punitive taxation (60% tax + 25% surcharge + 4% cess = 78% effective rate), analyzing Sections 68 to 69D additions, Section 271AAC mandatory 10% penalty, survey excess stock business income defense, loss set-off prohibitions, and faceless assessment strategies.

By Team assureOffice
Section 206C(1G) TCS on Foreign Remittances under LRS & Overseas Tour Packages

Section 206C(1G) TCS on Foreign Remittance & Overseas Tours: 20% Rate, LRS Thresholds & Credit Claim Guide

An exhaustive practitioner guide to Section 206C(1G) Tax Collection at Source (TCS) on Liberalised Remittance Scheme (LRS) transfers and overseas tour packages, analyzing the tiered 5%/20% rates, the ₹7 lakh threshold, educational/medical loan exemptions, Authorized Dealer bank reporting, Form 27EQ compliance, and ITR tax credit claims.

By Team assureOffice
Share Buybacks: Deemed Dividend u/s 2(22)(f), Capital Loss u/s 46A & Finance Act 2024

Share Buyback Taxation Post-Finance (No. 2) Act 2024: Deemed Dividend, Capital Loss & Holding Tax Guide

An exhaustive corporate and shareholder tax guide to India's overhauled share buyback regime post-Finance (No. 2) Act 2024, analyzing the abolition of Section 115QA company-level tax, deemed dividend taxation u/s 2(22)(f), creation of capital loss u/s 46A, Section 80M inter-corporate deductions, and Form 3CD disclosures.

By Team assureOffice