What is Tax Avoidance and How it is Not Same as Tax Evasion?
Do you get confused between the terms’ tax evasion and ‘tax avoidance? If yes, you are at the right place to know the difference between... Read More
Income Tax
How to Request for an Income Tax Refund Reissue?
Most of the people claim for refunds in the IT department. Usually, the refunds can be acknowledged when the TDS subtracted and the entire tax... Read More
New Form 26AS to Show Specified Financial Transactions (SFT) in Part E
To make voluntary compliance and tax accountability easy and to facilitate the e-filing of the tax returns, it is stated that any information received by... Read More
Income Tax Return refund: Have you pre-validated your bank account? A step-by-step guide to doing so
2 min read
Income Tax Return refund: Have you pre-validated your bank account? A step-by-step guide to doing so
The final date for filing an income tax return for the financial year 2020 is 31 December 2020. But, for claiming the refund, one more... Read More
Best 10 Tax Saving Tips For An Entrepreneur
3 min read
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
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
Revised Rules for Income Tax Provisions Applicable From October 2020
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
Allowances, Exemptions and Deductions under Income Tax Act for Salaried Individuals
The contribution of salaried employees towards the overall tax collection is quite significant owing to their large numbers. Allowances and deductions allow them to reduce... Read More
Should you be Investing in an Annuity?
2 min read
An annuity is one of the stipulated tax-saving tools that allow one to reduce his taxable income, and further the tax liability. However, lower returns,... 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
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?