Failure to file Income Tax Returns: Fine or Jail?
Yes, it’s time for the spying eye of the taxman! The last date to file your I-T returns for the year 2018-19 is July 31.... Read More
Income Tax
- Your guide to understanding and filing income tax returns.
- Simplify your tax filing process with expert advice.
- Learn about the different types of income tax, including individual income tax, corporate income tax, and more. Understand the income tax slabs, deductions, and exemptions applicable to various income sources.
- Get expert advice on tax planning and saving strategies to minimize your tax liability. Learn how to file your income tax return accurately and on time, avoiding penalties and interest charges.
- Stay up-to-date with the latest income tax news, circulars, and notifications. Access useful tools like income tax calculators, TDS calculators, and form 16 download links.
Some of the Best Income Tax Judgements for 2018 that can help plan your income tax liability
4 min read
Each and every year, numerous judgments have been delivered on the Income Tax Act. Of all these cases, there are a few which have been... Read More
Prerequisites for Reopening of assessment beyond a period of 4 years
What is section 143(3) of the Income Tax Act? Section 143(3) under the Income Tax Act 1961 refers to the Income Tax Notice pertaining to... Read More
Tax Evaders can escape by paying penalty? New CBDT Norms state otherwise!
The Department of Income Tax has come up with revised guidelines according to which serious offenses committed under the benami and black money laws are... Read More
For the Assessment Year 2011-12, the Petitioner NuPower Renewables Pvt. Ltd filed the income return on 29th September 2011, declaring loss of Rs.5.97 Crores (rounded... Read More
FAQs about IRS Tax Regulations on Online Entrepreneurs
Does Tax-free Work Online? If you are an entrepreneur having an online presence instead of a physical location can save you a pretty penny when... Read More
The Chase on Notional Income widens, but the loopholes prevail!
The year 1998 saw the dissolution of the Gift Tax Act which led to the creation of a very dynamic section-Section 56(2) of the Income... Read More
Fudging income, tax breaks gets tougher with the New Format of Form 16
A new format has been notified by the CBDT for Form 16, which is the salary TDS certificate. It would be requiring an in-depth break... Read More
Tax Queries on tax deductions pertaining to Long Term Capital Gains and SIPs
How to avoid long term capital gains tax under section 54 and 54F of the Income Tax Act, 1961? In order to understand how to... Read More
Filing Taxes In India FY 2018-19: Guidelines for the NRI’s
It’s the season of tax filing and yes, the due date for filing of your ITR for the fiscal year 2018-19 is fixed at July... Read More
Diving Deeper: The Impact of the New Tax Bill on Dairy and Farming Income 
Bombay High Court Upholds Section 271(1)(c) Penalty for Deliberate Non-Disclosure 
Reporting of Foreign Assets by Indian Taxpayers under Section 139(1) of the Income Tax Act 
Major Changes Expected in Direct Tax Code 2025 and why these matter