Income Tax

Tax avoidance frauds: Income Tax Department dishing out rewards of up to Rs 5 crore to informants 2 min read

• Income Tax

Tax avoidance frauds: Income Tax Department dishing out rewards of up to Rs 5 crore to informants

Diksha Garg 5 years ago

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

How Can an Individual File a Complaint Against An Income Tax Officer? 2 min read

• Income Tax

How Can an Individual File a Complaint Against An Income Tax Officer?

Diksha Garg 5 years ago

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

Points to be Considered at the Time of Filing Income Tax Return 4 min read

• Income Tax

Points to be Considered at the Time of Filing Income Tax Return

Diksha Garg 5 years ago

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

How to save income tax via medical expenditure sections under 80D, 80DD, 80U 2 min read

• Income Tax

How to save income tax via medical expenditure sections under 80D, 80DD, 80U

Diksha Garg 5 years ago

Health insurance of the taxpayer’s family can be used for tax saving. But, if you or your family members don’t have health insurance, then the... Read More

Why Income Tax Return must be filed, even if it is not applicable 2 min read

• Income Tax

Why Income Tax Return must be filed, even if it is not applicable

Diksha Garg 5 years ago

In a press conference held in May 2020, the government announced that the deadline for filing income tax return (ITR) for the FY 2019-20 is... Read More

How to save tax through your spouse? 2 min read

• Income Tax

How to save tax through your spouse?

Diksha Garg 5 years ago

Were you aware that your spouse can help you save on taxes in addition to meeting your personal obligations? Yes! There are a few ways... Read More

NRI Residency Status: CBDT states Lockdown period will not be counted 2 min read

• Income Tax

NRI Residency Status: CBDT states Lockdown period will not be counted

Diksha Garg 5 years ago

The lockdown that has been in force in the country since March 25th, along with the cancellation of all international flights so as to control... Read More

Should you Switch to the New Income Tax Slabs Created in Budget 2020 2 min read

• Income Tax

Should you Switch to the New Income Tax Slabs Created in Budget 2020

Diksha Garg 5 years ago

Those who are just starting their career, can consider the switch. Furthermore, they are not very likely to have commitments u/s 80C in form of investments or they would not be having home loans.... Read More

Relaxation of Prosecution Norms by CBDT for Defaults in Filing IT Returns and Delays in TDS 2 min read

• Income Tax

Relaxation of Prosecution Norms by CBDT for Defaults in Filing IT Returns and Delays in TDS

Diksha Garg 5 years ago

The legal outcome for any lag in depositing TDS, or non-filing of returns of income tax, or under-reporting of income, has been relaxed by the... Read More

Section 80CCC of The Income Tax Act and Its Deductions 3 min read

• Income Tax

Section 80CCC of The Income Tax Act and Its Deductions

Diksha Garg 5 years ago

In order to motivate the assessee to save their hard-earned money and invest it wisely, many deductions have been offered by the Government under income... Read More