The issue of the taxability of educational institutions regarding their incomes from investments or income from properties and other sources has been controversial since long.... 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.
I own a plot of land purchased from my own income and i wish to give it to one of my two sons. Please advice: Which is better: A will or gift deed?
Before suggesting any solution, it would be important to know what exactly gift deed or will is. Transfer of property made voluntarily without any consideration... Read More
Penalties for tax evasion
2 min read
Tax evasion as an offence: Tax evasion is an illegal act which occurs for failure to file income tax return or altering the tax amount... Read More
Filing of Income Tax Return without paying Self Assessment Tax makes it defective
Present provisions of section 139(9) of the Income Tax Act: The present provisions of section 139(9) of the Income Tax Act contain the conditions the... Read More
Rules Relating to Gift Tax in India
2 min read
Your mother transferred an amount of money to your bank account for helping you for a certain reason. Have you ever thought that is there... Read More
Penalties for Having a Fake or Duplicate PAN Card
Presently, there are more than 12 lakh duplicate PAN (Permanent Account Number) card holders existing in our country. Though the government denies the allegations of... Read More
Capital gains tax rates
2 min read
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
Permanent Account Number- How to Acquire Application Form for Duplicate PAN Card
Permanent Account Number (PAN) Card is an ID card issued to the Indian citizens by the Indian Income Tax Department. This PAN Card has got... Read More
NRI liable to pay Income Tax on the income earned in India
According to the Income Tax Act, 1961 a non-resident Indian is defined as any person who is an Indian citizen or a person having an... 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