Income Tax News, Judgments, Act, Analysis, Tax Planning, Advisory, E filing of returns, CA Students

Best Trial Preparation Services at Affordable cost to have a winning experience 2 min read

• Income Tax

Best Trial Preparation Services at Affordable cost to have a winning experience

Rajbir Chawla 5 months ago

Fighting a legal battle is a definite nightmare especially for a person not from legal background. It is more so, if your opponent is a... Read More

Best 10 Tax Saving Tips For An Entrepreneur 3 min read

• Income Tax

Best 10 Tax Saving Tips For An Entrepreneur

Diksha Garg 5 months ago

Paying Income Tax, though seems hard, is an inevitable part of any business and each businessman or entrepreneur must know the various legitimate ways of... Read More

Seven Common Mistakes to Avoid When Filing Income Tax Return 3 min read

• Income Tax

Seven Common Mistakes to Avoid When Filing Income Tax Return

Diksha Garg 5 months ago

The last date for filing the IT return for the financial year 2019-2020 has been extended to November 30. Though, while filing the return, utmost... Read More

How to use E-Nivaran Facility of Income Tax? 3 min read

• Income Tax

How to use E-Nivaran Facility of Income Tax?

Diksha Garg 5 months ago

Many people face many problems regarding e-filing, refund, and rectification issues, and wish to complain regarding the same to the IT department. But, thinking that... Read More

Revised Rules for Income Tax Provisions Applicable From October 2020 3 min read

• Income Tax

Revised Rules for Income Tax Provisions Applicable From October 2020

Diksha Garg 6 months ago

There are some consequential amendments made in the IT provisions by the CBDT about the expenditure and payments. The changes will be relevant from October... Read More

What are Major Changes with Faceless Assessment? Will it Actually Help Taxpayers or Add Any Woes? 2 min read

• Income Tax

What are Major Changes with Faceless Assessment? Will it Actually Help Taxpayers or Add Any Woes?

Diksha Garg 6 months ago

Every administrative department of the government is on the road to digitalization. Old practices are now being done online to achieve efficiency, and optimally utilize... Read More

What High Value Transactions are Reported to the Income Tax Department? 2 min read

• Income Tax

What High Value Transactions are Reported to the Income Tax Department?

Diksha Garg 6 months ago

 With the increase in instances of transactions in higher denominations, the Income Tax Department is working in solidarity with other government departments to trace those... Read More

Will Faceless Assessments Reduce Taxpayer Harassment? 3 min read

• Income Tax

Will Faceless Assessments Reduce Taxpayer Harassment?

Diksha Garg 6 months ago

The taxpayers have always expressed their concern over the power vested with the assessing officers, which in many cases has led to corruption and harassment.... Read More

Adjust Capital Gains Against Basic Exemption Limit to Reduce Income Tax 2 min read

• Income Tax

Adjust Capital Gains Against Basic Exemption Limit to Reduce Income Tax

Diksha Garg 7 months ago

It is necessary to understand the basic terms related to income tax: What is Capital Gain? The Excess income from the sale or exchange of... Read More

Capital Gain in Conversion of Capital Asset into Stock in Trade 2 min read

• Income Tax

Capital Gain in Conversion of Capital Asset into Stock in Trade

Diksha Garg 7 months ago

According to Section 45(2) of the IT Act, when an assessee converts a capital asset into stock-in-trade of his business, it is considered as a... Read More