Shobha Vats

Lowering Your Tax Liability Using Fake Bills 4 min read

• Income Tax

Lowering Your Tax Liability Using Fake Bills

Shobha Vats 6 years ago

Taxpayers sometimes end up in trouble by submitting fake bills to lower the tax liability. However, the reality is different as the Income-tax department have... Read More

How Budget 2020 Made the Dividend Option of Mutual Funds Tax Inefficient? 4 min read

• Tax Planning

How Budget 2020 Made the Dividend Option of Mutual Funds Tax Inefficient?

Shobha Vats 6 years ago

Dividend Distribution Tax on dividends declared by mutual funds has been abolished in Budget 2020. Alternatively, it made dividends at their slab rate taxable in... Read More

Post Budget 2020- Which Income Tax Slabs is Better- Old or New? 4 min read

• Income Tax

Post Budget 2020- Which Income Tax Slabs is Better- Old or New?

Shobha Vats 6 years ago

The budget 2020 has introduced new tax slabs with an option to choose the old tax slabs. It’s important to know which income tax slabs... Read More

Requirements of NRIs to File Income Tax Returns has Changed After Budget 2020 3 min read

• Income Tax

Requirements of NRIs to File Income Tax Returns has Changed After Budget 2020

Shobha Vats 6 years ago

The Hon’ble Finance Minister submitted Budget 2020 on 1 February 2020 that is built around three popular themes namely- “Aspirational India, Economic Development for All... Read More

What are the Consequences of not Filing the Income Tax Return? 3 min read

• Income Tax

What are the Consequences of not Filing the Income Tax Return?

Shobha Vats 6 years ago

The taxpayers usually file income tax returns (ITR) for the previous financial year immediately after the beginning of the next financial year in April. The... Read More

What is Carrying Forward and Setting Off of Losses under Income Tax Act? 4 min read

• Income Tax

What is Carrying Forward and Setting Off of Losses under Income Tax Act?

Shobha Vats 6 years ago

In finance, profit and loss always play a part in an individual’s life. Every time you won’t achieve the profits. Sometimes you may incur losses... Read More

PAN and Aadhaar Linking- What you Must Know? 3 min read

• Income Tax News and Analysis

PAN and Aadhaar Linking- What you Must Know?

Shobha Vats 6 years ago

The PAN-Aadhaar linking deadline ends on 31 December 2019. As per the Supreme court order, all PAN cardholders must link it with their Aadhaar before... Read More