Filing of income tax return is an obligation to be fulfilled by individuals. It is a social duty by the citizens of the country. The... Read More
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Filing of income tax return is an obligation to be fulfilled by individuals. It is a social duty by the citizens of the country. The... Read More
There are many judgments of different courts which have adjudicated the issue of levy of penalty under section 271(1) (c) of the Income Tax Act.... Read More
Capital gains tax rates
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Depending upon the type of capital assets you have made investment in the tax rates of your capital gains are decided. There are few investments... Read More
Beware of Lottery Scams
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Today it is very common to receive lottery scam emails which notify you that you have won some prize in a lottery with the promise of... Read More
Many people think that the benefit amount they receive on the maturity of all life insurance policies is exempt from income tax. However that is... Read More
Many people think that the benefit amount they receive on the maturity of all life insurance policies is exempt from income tax. However that is... Read More
Penalty cannot be imposed if an Assessing Officer does not record his finding that there was a concealment of income or furnishing of incorrect details... Read More
After filling an Income Tax Return, the department verifies the same by going through the information given by the assessee in his return of income.... Read More
16th September: Is the return from share market being shown as business income or capital gains? Well, to remain safe, you may opt for having... Read More
Major Changes Expected in Direct Tax Code 2025 and why these matter 
Can an assessee pay House Rent to his parents and claim relief? Would there be any legal complications? 
Boost Your Business & Reduce Taxes: A Guide to Maximizing Benefits Under Section 80JJAA 
What is remedy to taxpayer if the Tax deductor fails to deposit the TDS or fails to file TDS Return