Applicability of Section 44AB of the Income Tax Act: The44AB section provides that people having business or profession should get his accounts audited by a... 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.
Rules Relating to Gift Tax in India
2 min read
Your mother transferred an amount of money to your bank account for helping you for a certain reason. Have you ever thought that is there... Read More
How to Save Capital Gains Tax?
2 min read
Normally the tax imposed on any long term capital gain through sale of asset is 20 per cent of the consideration. As such the tax... Read More
A summary on some uncommon tax saving tips
2 min read
For many people ‘tax savings’ mean sand include life insurance policies, National Savings Certificates , etc. which qualify for tax deduction as provided in Section 80 C... Read More
NRI and His Tax Liabilities
2 min read
Non-Resident Indian, more popularly known as NRI is defined in the Foreign Exchange Management Act (FEMA), 1999 and the Income Tax Act, 1961. NRI means a... Read More
An individual assessee gets many exemptions u/s VI. There are various investment opportunities that can fetch tax savings for us. But there is a question,... Read More
The constitutional validity of Section 234E has been challenged by the different High courts in the cases appearing before them. Fee for default in furnishing... Read More
The Hon’ble Bombay High Court in the case of Commissioner of Income Tax¬ (Appellant) vs. Sonic Biochem Extractions Pvt. Ltd. (respondent) being ITA No. 2088... Read More
Income tax deductions towards expenses for medical treatment of a disabled or ailing dependent
2 min read
The Income Tax Act, 1961 provides special deductions in the income tax of a taxpayer who has a disabled or ailing dependent for whom the... 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?