A trust is a relationship among three parties where a trustee/group of trustees holds some assets on behalf of a beneficiary. This relationship is formed... Read More
Income Tax
If you are working with an MNC in the present financial year 2020-2021 and your salary and earnings from investments add up to a round... Read More
Tax avoidance frauds: Income Tax Department dishing out rewards of up to Rs 5 crore to informants
2 min read
To back PM’s step against black money and tax elusion, the central government replaced the 2007 version of the Income Tax Informants Reward Scheme with... Read More
ITAT ordered that notional income interest on the loan(interest-free) will now be considered as the income and worth if assessee having permanent residency or business... Read More
What are the consequences faced by an Employer on refusal to issue the TDS Certificate / Form 16?
2 min read
This post focuses on the option an employee or Taxpayer has when their employer refuses to provide the TDS Certificate / Salary Certificate/ Form 16. ... Read More
Usually, it takes 20-25 days to get your tax returns from the date when you have applied for ITR. Nowadays, it is made compulsory to... Read More
The tax government has ensured that the process of ITR filing has become more convenient and saves time. However, there might be instances wherein you... Read More
The Income Tax Department is starting an e-campaign on voluntary compliance of Income Tax for the convenience of taxpayers from Monday (July 20, 2020). The... Read More
Income tax is the tax to be paid by the taxpayer to the income tax department for the income that he earns. It often becomes... Read More
Government may need to further extend the tax return deadline if COVID Cases continue to rise
2 min read
Coronavirus cases are increasing day by day and it has become very difficult for the taxpayer to follow all the norms. Finance ministry has taken... Read More
