Taxpayer have nothing to worry about as long as they follow and carry out the processes properly. As a taxpayer, you need to be careful while going through the different transactions listed in the Annual Information Statement.... Read More
Income Tax
The government announced the new ITR form for the fiscal year on March 31, 2021. The ‘ITR’ is a form used by taxpayers to record... Read More
How to select the ITR form to be filed? By Filing return in wrong format, you may miss report some income and get exposed to Penalty... Read More
Inappropriate Initiation of a Tax Evasion Case Proceedings by Assessing Officer(AO) u/s 147
3 min read
In this article, we’ll discuss the tax evasion petition and how the AO, without proper evidence and without being satisfied by the documents, decided to... Read More
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
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
Most of the people claim for refunds in the IT department. Usually, the refunds can be acknowledged when the TDS subtracted and the entire tax... Read More
Taxes collected from the residential individuals by any authority serve as a backbone for that country’s economy. Similarly, in India, the government solely depends upon... Read More
To make voluntary compliance and tax accountability easy and to facilitate the e-filing of the tax returns, it is stated that any information received by... Read More
The proposal of the introduction of faceless appeals against the tax evaluation cases has to lead to a lot of commotion. There is an apprehension... Read More
