Diksha Garg

Which is Better Old vs New Income Tax Regime? 4 min read

• Income Tax

Which is Better Old vs New Income Tax Regime?

Diksha Garg 5 years ago

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

Trust Formation and its Taxability in India 3 min read

• Income Tax

Trust Formation and its Taxability in India

Diksha Garg 5 years ago

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 2 min read

• Income Tax

New Income Tax Arrangement: Queries Regarding the New Amendments

Diksha Garg 5 years ago

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

• Income Tax

Tax avoidance frauds: Income Tax Department dishing out rewards of up to Rs 5 crore to informants

Diksha Garg 5 years ago

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 2 min read

• Income Tax

Notional Interest Income on Loan, would be assessable as Income of assessee having Business Connection/PE in India: ITAT

Diksha Garg 5 years ago

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

• Income Tax

What are the consequences faced by an Employer on refusal to issue the TDS Certificate / Form 16?

Diksha Garg 5 years ago

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 3 min read

• Income Tax

How Long does it Normally Takes to Get the Refund of Income Tax Once Return is Filed

Diksha Garg 5 years ago

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

How Can an Individual File a Complaint Against An Income Tax Officer? 2 min read

• Income Tax

How Can an Individual File a Complaint Against An Income Tax Officer?

Diksha Garg 5 years ago

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 4 min read

• Income Tax

Points to be Considered at the Time of Filing Income Tax Return

Diksha Garg 5 years ago

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

• Income Tax

Government may need to further extend the tax return deadline if COVID Cases continue to rise

Diksha Garg 5 years ago

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