Which is Better Old vs New Income Tax Regime?
if you are investing more than 175,000 in various items eligible for deduction, you must stick to Old Tax Regime, New Tax regime is only good for those, who do not intend to invest in any tax saving option... Read More
Diksha Garg
Trust Formation and its Taxability in India
3 min read
A trust is a relationship among three parties where a trustee/group of trustees holds some assets on behalf of a beneficiary. This relationship is formed... Read More
New Income Tax Arrangement: Queries Regarding the New Amendments
If you are working with an MNC in the present financial year 2020-2021 and your salary and earnings from investments add up to a round... Read More
Tax avoidance frauds: Income Tax Department dishing out rewards of up to Rs 5 crore to informants
2 min read
To back PM’s step against black money and tax elusion, the central government replaced the 2007 version of the Income Tax Informants Reward Scheme with... Read More
Notional Interest Income on Loan, would be assessable as Income of assessee having Business Connection/PE in India: ITAT
ITAT ordered that notional income interest on the loan(interest-free) will now be considered as the income and worth if assessee having permanent residency or business... Read More
What are the consequences faced by an Employer on refusal to issue the TDS Certificate / Form 16?
2 min read
This post focuses on the option an employee or Taxpayer has when their employer refuses to provide the TDS Certificate / Salary Certificate/ Form 16. ... Read More
How Long does it Normally Takes to Get the Refund of Income Tax Once Return is Filed
Usually, it takes 20-25 days to get your tax returns from the date when you have applied for ITR. Nowadays, it is made compulsory to... Read More
The tax government has ensured that the process of ITR filing has become more convenient and saves time. However, there might be instances wherein you... Read More
Points to be Considered at the Time of Filing Income Tax Return
Income tax is the tax to be paid by the taxpayer to the income tax department for the income that he earns. It often becomes... Read More
Government may need to further extend the tax return deadline if COVID Cases continue to rise
2 min read
Coronavirus cases are increasing day by day and it has become very difficult for the taxpayer to follow all the norms. Finance ministry has taken... Read More
ITAT Amritsar: No Section 269SS Violation for One-Time Cash Payment Before Sub-Registrar 
Tax Officials Unleash Digital Dragnet: How New Raid Powers Redefine Privacy, Property Rights in India and likely to Fuel Corruption 
Income Tax Department Rewards for Reporting Tax Evasion: A Comprehensive Guide 
Forfeiture of Gratuity by Employer- What are the Remedies for an employee- Can employer be challenged?