What would be Consequences of not Replying to Queries by Income Tax Department India
Not replying to queries from the Income Tax Department in India can have various consequences, as the department has the authority to enforce compliance with... Read More
Tax evasion
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
What are the Causes of Tax Evasion and Ways to Control It?
Tax evasion is unlawful action where an individual willingly tries to escape paying the true amount of tax imposed on him. Intentionally not paying taxes... Read More
Penalties for Tax Evasion in India
5 min read
Introduction to Tax Evasion Tax evasion refers to any attempt to avoid payment of taxes by using illegal means. Some of the common forms of... Read More
Penalty Provisions under GST Act as per Model GST Law
Penalty Provisions under GST (From Model GST Law) In GST law penalty provisions are harsher and stricter for tax evader. Taking the intention forward, the... Read More
Income Disclosure Scheme(IDS) over, now you can report a tax defaulter and win the handsome reward
3 min read
As you are aware that the deadline for Income disclosure scheme (IDS) was over on 30th September 2016. Few would be aware that the Income... Read More
Another interesting turn in Hissaria brothers vs. CIT Case
The Hissaria brothers vs. CIT case has taken another twist. Recently another judgement was passed by the Rajasthan stated that the penalty proceeding for default... Read More
Know how and when it gets worse– from limited tax scrutiny to full tax scrutiny Knowing tax and its components properly is hands down a... Read More
What if you are caught with tax evasion?
3 min read
Tax Evasion Every year the government makes repeated appeals and reminders to the tax payers through all possible media. Caught with Tax Evasion. There are... Read More
Tax evasion can land you in deep trouble
5 min read
Individuals have the liberty to self assess their income and pay taxes accordingly. However that does not mean that if someone conceals a particular source... Read More
What is Income Tax Liability on Income from trading in Future and Options 
The Importance of Filing Your Income Tax Return on Time: A Financial Must-Do 
Is Addition made by Assessing officer on basis of mismatch between AIR and F26AS Justified 
Salient Changes in the new Income Tax Rules relevant to Assessment Year 2024-25