Income Tax

Blogs under category: Income Tax Act 1961

	Cat_id	id	Subject	Body	Date	AuthorName	BlogImage	SEOImage	BodyText	Keywords	Description	cnt	cat	VisitorCount	Pagename
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Demystifying Section 43B of the Income Tax Act, 1961 Rahul 1. What is Section 43B and Why Does It Matter? Under standard business accounting, companies follow the accrual basis—recording expenses as soon as an invoice is received, even if the bill remains u ........ View More 01/10/2026 | 0 comments | Visitor's Count: 38
Search and Seizure under Section 247: Complete Guide, Powers, and Key Provisions Mamta Search and seizure operations—commonly referred to as tax raids—represent one of the most stringent enforcement mechanisms available to direct tax authorities. Under Section 247, the statutory framewo ........ View More 30/09/2026 | 0 comments | Visitor's Count: 35
Income Tax Return Filing: Common Mistakes and How to Avoid Them Govind Kant Introduction Filing an Income Tax Return (ITR) is an important annual compliance requirement. However, taxpayers often make small mistakes while filing their returns, which may lead to tax discrepan ........ View More 24/09/2026 | 0 comments | Visitor's Count: 37
Form 3CD Clause 13(f): Reporting under ICDS Geetika Rathore Introduction The Income-tax Act, 1961 provides a specific framework for computation of taxable income. While financial statements are prepared in accordance with the applicable accounting framework, ........ View More 23/09/2026 | 0 comments | Visitor's Count: 46
Form 61B and Reportable Accounts: Nikita Rajput What Every Financial Institution in India Needs to Know If you run a bank, NBFC, insurance company, or investment fund in India, you may have come across the term “reportable account” and wondered w ........ View More 18/09/2026 | 0 comments | Visitor's Count: 58
PF & ESIC Contributions: Understanding Their Income-tax Treatment Alpa Khurana PF and Employees’ State Insurance (ESI) are familiar names in payroll compliance. But when the same contributions enter the tax computation, a simple payroll item becomes a question of legal classific ........ View More 12/09/2026 | 0 comments | Visitor's Count: 64
Stop Letting the Tax Office Double-Count Your Cash: A Guide to Peak Credit Mohit Makkar The illusion of the ten-lakh-rupee man A trader keeps a rotating fund of Rs. 1 lakh in cash outside his books to manage daily operations. Through the year he deposits it to clear a supplier's invoic ........ View More 10/09/2026 | 0 comments | Visitor's Count: 69
Late Filing of Income Tax Return: Fees, Interest and Key Consequences Geetika Rathore Introduction Filing an Income Tax Return (ITR) within the prescribed due date is an important tax compliance obligation. While missing the due date does not necessarily prevent a taxpayer from filin ........ View More 09/09/2026 | 0 comments | Visitor's Count: 64
Demystifying Section 203 of the Income-tax Act, 2025 Mamta A Comprehensive Guide to the Concessional Tax Regime for Resident Co-operative Societies With the structural overhaul brought in by the Income-tax Act, 2025 (replacing the erstwhile Income-tax Act, ........ View More 04/09/2026 | 0 comments | Visitor's Count: 77
Home Loan Interest: To Capitalise or To Claim? The Question Every Taxpayer Gets Wrong Nikita Rajput Picture two taxpayers. Both took a ₹50 lakh home loan in the same month. Both paid the same EMI. Both finished construction in the same year. One of them claims the "correct" deduction. The other ov ........ View More 03/09/2026 | 0 comments | Visitor's Count: 71