What are changes in the income tax return form to be filed this year?
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
Income Tax
Which is the Best return form for you to File Income Tax return?
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
What is Tax Avoidance and How it is Not Same as Tax Evasion?
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
What are the Causes of Tax Evasion and Ways to Control It?
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
How to Request for an Income Tax Refund Reissue?
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
Income Tax for NRI – Deductions and Exemptions for NRIs
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
New Form 26AS to Show Specified Financial Transactions (SFT) in Part E
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
Details of Faceless Assessment and the Problem of Tax Arrears Disclosed
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
Income Tax Return refund: Have you pre-validated your bank account? A step-by-step guide to doing so
2 min read
Income Tax Return refund: Have you pre-validated your bank account? A step-by-step guide to doing so
The final date for filing an income tax return for the financial year 2020 is 31 December 2020. But, for claiming the refund, one more... Read More
Claimimg TDS Credit in Previous year while deductor deposited in subsequent year- Use of Form 71- Its benefits and Limitations 
Discovered some mistake after filing Income Tax return?- Understand the rectification process of Return to escape Penalties 
What are reasons for Income Tax Refund being delayed- Remedies to expedite Income Tax Refund 
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