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Should you Switch to the New Income Tax Slabs Created in Budget 2020 
Form 15G and 15H – What to Remember When Submitting These Forms? 
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
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
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
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
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
Relaxation of Prosecution Norms by CBDT for Defaults in Filing IT Returns and Delays in TDS
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The legal outcome for any lag in depositing TDS, or non-filing of returns of income tax, or under-reporting of income, has been relaxed by the... Read More
In order to motivate the assessee to save their hard-earned money and invest it wisely, many deductions have been offered by the Government under income... Read More
the Assessment Officer had produced many discrepancies in the assessee's books of account inclusive of the purchases made from 22 parties, according to which, SOPs have been followed by the assessee pertaining to all the purchases, where every single identification has been done inclusive of the entry of goods, whereas, in terms of the purchases from the 22 parties, no identification has been done. The assessee and the directors have admitted this fact and its directors.... Read More
The parameters based on which the manual selection of returns for the complete scrutiny in the FY 2019-20 are as mentioned below: (i) Cases that... Read More
Advance tax indicates that income tax has to be paid in advance rather than a lump sum payment done the year-end. It is also referred... Read More