Mismatch in Credit of TDS : Is the Assessee Liable to Pay?
Assessee cannot be held responsible for tax Payment that has been deducted by the deductor at the source... 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.
Lowering Your Tax Liability Using Fake Bills
4 min read
Taxpayers sometimes end up in trouble by submitting fake bills to lower the tax liability. However, the reality is different as the Income-tax department have... Read More
Post Budget 2020- Which Income Tax Slabs is Better- Old or New?
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
Requirements of NRIs to File Income Tax Returns has Changed After Budget 2020
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
What are the Consequences of not Filing the Income Tax Return?
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
What is Carrying Forward and Setting Off of Losses under Income Tax Act?
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
What to do if the Income Tax Refund Delayed?
3 min read
It is suggested that you should never hamper the deposition of income tax retrievals because the early you residue the returns, the more immediately you... Read More
Relaxation of Prosecution Norms by CBDT for Defaults in Filing IT Returns and Delays in TDS
2 min read
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
Section 80CCC of The Income Tax Act and Its Deductions
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
Are you making Bogus Purchases? BEWARE – Supreme Court has a new ruling
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
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?