Most people want to be a good friend. It means you are the friend that is called when someone is in jail. Unfortunately, you may... 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.
Capital Gains vs. Business Profits
3 min read
Capital gain arising out of holding shares for a short period will not convert it into business income. An Assessee has two separate portfolios one... Read More
Form 16 is a TDS (Tax Deducted at source) certificate which is issued by an employer/bank/company as they deduct tax while making payments to its... Read More
Securities Transaction Tax (STT) is a direct tax which is levied on acquisition and transfer of securities listed on the recognized stock exchanges. It is... Read More
India’s biggest tax restructuring of the goods and services tax has not been able to appeal the taxpayers. This has been the first most significant... Read More
Section 54 of the Income Tax Act, 1961 provides the seller of a residential property with relief from capital gains tax, if the proceeds from... Read More
The case was heard by the Income Tax Appellant Tribunal between the ACIT of the eighth circle of Mumbai henceforth to be referred as Revenue... Read More
Jurisdictional Requirements should be met for Penal Charges to be applicable under Sec 271AAA
2 min read
There is a protocol that is followed in every search and seizure operation conducted by the Income Tax Department. The Assessing officer has guidelines to... Read More
Having a home can be a huge leap toward financial independence and can be a huge statement towards your personal achievements. However, not everyone is... Read More
The most stereotype thought process amongst Indian population is that “if such a few numbers of people pay taxes why should I?”. This is because... Read More