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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.
The Finance Bill, 2013 has inserted an Explanation to section 132B of Income Tax Act, 1961, which states that the “existing liability” does not include... Read More
Income Tax Department targets tax evaders
2 min read
The Income Tax department has undertaken an intelligence project to spot those PAN holders who have not filed income tax returns and regarding whom information... Read More
Does disallowance of a claim for expenses amount to furnishing incorrect details of income?
3 min read
The Income Tax Act aims to protect the interest of the Revenue against furnishing incorrect details of income in the return of the assessee. Many... Read More
If you receive capital assets either by way of gift or by way of inheritance through a will from your dear ones, the liability towards... Read More
Supreme Court declares involuntary surrender of income does not save one from penalty proceedings
3 min read
The Apex Court in a recent judgment declared that voluntary disclosure cannot help an assessee to escape from penalty proceedings. Supreme Court declares involuntary surrender... Read More
The Apex court in the case of Union Of India vs. Tata Chemicals Ltd. recently held that excess TDS is to be refunded by the... Read More
All about Income Tax Raid
4 min read
One should not keep any unaccounted or undeclared money, jewellery or any kind of wealth, commonly known as black money. All such income should always be... Read More
The Central Board of Direct Taxes (CBDT) has ordered all the income tax offices to penalize employers who deduct TDS but do not deposit them.... 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?