IndiaLaw by assureOffice

Income Tax

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

Clear

Income Tax

485 articles
Form 3CD Clause 23, Section 40A(2)(b) Related Party Payments & FMV Benchmarking

Tax Audit Form 3CD Clause 23 & Section 40A(2)(b): Domestic Related Party Payments, Benchmarking Fair Market Value & Form 3CEB Interplay Guide

An exhaustive direct tax audit guide to Form 3CD Clause 23 and Section 40A(2)(b) related party expenditure, analyzing fair market value benchmarking methodologies, commercial expediency doctrines, Specified Domestic Transactions (SDT) under Section 92BA, CARO 2020 Clause (xiii) integration, and tax litigation defense strategies.

By Team assureOffice
Section 12AB Trust Re-registration, Form 10A vs 10AB, Section 115TD Accreted Income & Specified

Charitable Trusts Section 12AB Registration Guide: Form 10A, Form 10AB, 5-Year Approvals & Specified Violations

Comprehensive technical guide for charitable and religious trusts on navigating Section 12AB and Section 80G registrations. Explains Form 10A provisional vs Form 10AB regular approvals, statutory deadlines under CBDT Circulars, Section 115TD accreted income exit tax calculations, Section 12AB(4) specified violations, and integration with assureTax and assureFinancials.

By Team assureOffice
Form 3CD Clause 32, Section 79 Loss Carry-Forward, 51% Voting Power Test, Startup Safe Harbors & IBC

Tax Audit Form 3CD Clause 32 & Section 79 Loss Carry-Forward: 51% Voting Power Test, Startup Exemption & Audit Defense Guide

Comprehensive technical masterclass on reporting shareholding changes and business loss carry-forward restrictions under Section 79 of the Income-tax Act in Clause 32 of Tax Audit Form 3CD. Analyzes the 51% voting power continuity test, unabsorbed depreciation immunity under Section 32(2), Section 80-IAC eligible startup carve-outs, IBC resolution plan exemptions, and audit workflows with assureTax and assureFinancials.

By Team assureOffice
Taxation of Business Trusts (REITs & InvITs) under Section 115UA & 56(2)(xii)

Taxation of Business Trusts (REITs & InvITs): Section 115UA Pass-Through Status, Section 56(2)(xii) Debt Repayment & Form 64B Guide

A comprehensive direct tax guide to Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs), dissecting the pass-through architecture of Section 115UA, the taxation of debt repayment/capital distributions under Section 56(2)(xii) and Section 50AA, withholding tax under Section 194LBA, capital gains schedules, and Form 64B compliance.

By Team assureOffice
Form 3CD Clause 16 & Section 28 Business Income Inclusions

Tax Audit Form 3CD Clause 16 & Section 28 Disclosures: Capital Subsidies, Export Incentives, Debt Waivers u/s 41(1) & Perquisites u/s 28(iv) Guide

An exhaustive direct tax audit guide to Form 3CD Clause 16 and Section 28 business income inclusions, analyzing export incentives under Section 28(iiia)-(iiie), amended benefit/perquisite rules under Section 28(iv) and Section 194R, capital vs revenue subsidies under Section 2(24)(xviii), debt remissions under Section 41(1) vs Ind AS 20, and judicial defense strategies.

By Team assureOffice
IBC CIRP Resolution Plans & Corporate Taxation (Section 79 & 115JB MAT)

IBC Resolution Plans & Corporate Taxation: Section 79 Loss Carry-Forward, Section 115JB MAT Relief & Extinguishment of Tax Dues Guide

A definitive corporate insolvency and tax masterclass on the interplay between the Insolvency and Bankruptcy Code (IBC) 2016 and the Income-tax Act, analyzing Section 79(2)(c) loss carry-forward protections, Section 115JB(2)(iih) MAT relief on debt write-offs, capital reserve accounting, Supreme Court Ghanshyam Mishra clean slate doctrine, and Section 28A recovery procedures.

By Team assureOffice
Foreign ESOPs, RSUs, Schedule FA Disclosures, Form 67 Foreign Tax Credit & Black Money Act

Foreign ESOPs, RSUs & Global Shares for Indian Residents: Schedule FA, Schedule FSI, Form 67 FTC & Black Money Act Compliance Guide

An exhaustive cross-border personal tax and foreign asset compliance masterclass for Indian resident employees holding foreign ESOPs, RSUs, and shares, analyzing perquisite taxation u/s 192, Schedule FA disclosure tables, US calendar-year mismatches, Form 67 Foreign Tax Credit, and Black Money Act penalty defense.

By Team assureOffice
Form 13 Lower Deduction Certificate u/s 197 / Section 195(2) / Section 195(3) & TRACES Compliance

Section 197 & Section 195(2) Lower Withholding Certificates: Form 13 Filing, Estimated Tax Modeling & TRACES Guide

Comprehensive technical masterclass on obtaining Nil and lower tax withholding certificates under Section 197, Section 195(2), and Section 195(3) of the Income-tax Act. Covers TRACES Form 13 digital processing, Rule 28AA estimated tax rate calculations, Section 206AA/206AB overrides, non-resident property sales, EPC contractor margins, and workflow integration with assureTax and assureITR.

By Team assureOffice
Form 3CD Clause 20(b), Section 36(1)(va) Employee PF/ESI, Supreme Court Checkmate Ruling & CPC

Tax Audit Form 3CD Clause 20(b) & Section 36(1)(va) Employee Contributions: Post-Checkmate Jurisprudence, Due Date Rules & Section 154 Defense Guide

Comprehensive technical masterclass on reporting employee welfare fund contributions in Clause 20(b) of Tax Audit Form 3CD and defending against automated Section 143(1)(a) CPC disallowances under Section 36(1)(va). Analyzes the landmark Supreme Court Checkmate Services ruling, General Clauses Act holiday rules, salary accrual vs payment timings, revised Form 3CD protocols, and workflow automation with assureTax and assureNotice.

By Team assureOffice
Form 3CD Clause 21 Expenditure Disallowances & Documentation

Tax Audit Form 3CD Clause 21 Disallowances: Penalties, Section 40(a), Section 40A(3) Cash Caps & Club Expenses Guide

A comprehensive practitioner guide to auditing and reporting expenditure disallowances under Clause 21 of Tax Audit Form 3CD, covering Section 37(1) penalty explanations, pharma freebies, Section 40(a)(i)/(ia) TDS defaults, Form 26A relief, Section 40A(3) cash transaction limits, Rule 6DD safe harbors, and club expense reporting.

By Team assureOffice
Specified Domestic Transactions under Section 92BA, Section 80A & Form 3CEB

Specified Domestic Transactions under Section 92BA: Form 3CEB, Arm's Length Pricing & Audit Guide

An exhaustive corporate tax and transfer pricing guide to Specified Domestic Transactions (SDT) under Section 92BA, analyzing the ₹20 Crore threshold, Section 80-IA(8) inter-unit transfers, Section 115BAB manufacturing transactions, Form 3CEB certification, and Form 3CD Clause 23 reconciliation.

By Team assureOffice