The cases that are selected for scrutiny are enquired into by the assessing officer who conducts required enquiries during the course of assessment proceedings with... 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.
A very common question that comes in one’s mind is that if someone claims a deduction for House Rent Allowance (HRA) against his taxable income,... Read More
Tax Planning Tips for the Year2012-13
2 min read
Tax planning is very crucial now-a-days. An intelligent thinking can be of great help and can assist a lot to avoid paying huge amount of... Read More
Definition Of Service As Per Service Tax Act
2 min read
Definition Of Service As Per Service Tax Act Service as per Service Tax is described as the action that is taken for consideration and is... Read More
The ITAT Hyderabad in the case of Bhavya Anant Udeshi Hyderabad-500034 having PAN AALPUB8857A (appellant) vs. The Income Tax Officer (International Taxation)-I, Hyderabad- 500004 (respondent),... Read More
Transfer pricing rules in India
4 min read
Commercial transactions between the different multinational groups may not take place through the same market forces existing between the two independent companies. One company often... Read More
A summary on taxability of gifts
2 min read
Are you worried about the cash gifts received from your near relations? One should know the tax implications of gifts before making or receiving them.... Read More
How to rectify a defective return?
2 min read
An Assessing Officer can call upon the assessee to rectify a defective return filed by him. This is provided in section 139(9) of the Income... Read More
Income Tax Scrutiny Aspects In India
3 min read
In general, income tax department cannot assess all the income tax returns filed in one financial year. Hence, normally random scrutiny for assessing the assessee... Read More
When salaried people file their final proofs relating to tax, if an employee fails to file any detail, the deduction claimed by him is not... Read More
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 
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