Tax Deduction at Source when Purchasing and Buying Immovable Property
Section 194-IA states that any person, being a transferee, responsible for paying to a resident transferor any sum by way of consideration for transfer of... Read More
Income Tax
- Your guide to understanding and filing income tax returns.
- Simplify your tax filing process with expert advice.
- Learn about the different types of income tax, including individual income tax, corporate income tax, and more. Understand the income tax slabs, deductions, and exemptions applicable to various income sources.
- Get expert advice on tax planning and saving strategies to minimize your tax liability. Learn how to file your income tax return accurately and on time, avoiding penalties and interest charges.
- Stay up-to-date with the latest income tax news, circulars, and notifications. Access useful tools like income tax calculators, TDS calculators, and form 16 download links.
Loan Repayments How to Lessen Burden Of Education Loan
So far taking loan or paying back is concerned; the topic is a very inexhaustible one. Let us talk about the ‘Educational Loan” as this... Read More
Analysis of Income tax deduction u/s 80IB
2 min read
Individuals filing online ITR are well aware of the fact that when the income tax act was framed, it not only included the conditions... Read More
Income Tax Act 1961 – Penalties and Prosecution
Income tax has to be paid by every person if the taxable income exceeds their respective basic exemption limit. Income Tax also has several penalties... Read More
An insight into Intra Day Trading
2 min read
Intra day trading The common name for Intra Day Trading is “Day Trading”. Here, a trader acquires a stock in a given position and... Read More
Mortgage Rules to be tightened in Canada
2 min read
The federal government of Canada is aiming minimum down payment for expensive homes in Canada which is to be made effective in the coming New... Read More
Delhi High Court declares repayment of interest on loan by conversion is not actual payment under section 43B
It has recently been held by the Delhi High Court at New Delhi in the case of Commissioner of Income Tax, Delhi vs. M.M. Aqua... Read More
Rule 37BA to be treated as retrospective in nature
It has recently been held by the Hon’ble J. Mahavir Singh of ITAT Kolkata in the case of Parmanand Tiwari vs. ITO, Wd-54(1), Kolkata, I.T.A... Read More
KLR Industries Ltd vs. DCIT (ITAT Hyderabad)
2 min read
One of the well known principles of law for the establishment of a credit shown in the accounts is that the beginner onus is on... Read More
Which Accounts can be made subject to Special Audit under section 142(2A) by Assessing Officer?
3 min read
The amendment in the taxation laws in 1975, brought in to existence the sub-section (2A) to section 142 of the Income tax act of India.... 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?