Income Tax

All about Choosing between New Tax Regime and Old Tax Regime- Which regime is good for you 7 min read

• Income Tax

All about Choosing between New Tax Regime and Old Tax Regime- Which regime is good for you

Rajbir Chawla 2 years ago

The New Regime and Old Regime of income tax in India represent two different tax structures that individual taxpayers can choose from. Let’s delve into... Read More

What are changes in the income tax return form to be filed this year? 4 min read

• Income Tax

What are changes in the income tax return form to be filed this year?

Rajbir Chawla 4 years ago

The government announced the new ITR form for the fiscal year on March 31, 2021. The ‘ITR’ is a form used by taxpayers to record... Read More

Which is the Best return form for you to File Income Tax return? 3 min read

• Income Tax

Which is the Best return form for you to File Income Tax return?

Rajbir Chawla 4 years ago

How to select the ITR form to be filed? By Filing return in wrong format, you may miss report some income and get exposed to Penalty... Read More

Inappropriate Initiation of a Tax Evasion Case Proceedings by Assessing Officer(AO) u/s 147 3 min read

• Income Tax

Inappropriate Initiation of a Tax Evasion Case Proceedings by Assessing Officer(AO) u/s 147

Diksha Garg 4 years ago

In this article, we’ll discuss the tax evasion petition and how the AO, without proper evidence and without being satisfied by the documents, decided to... Read More

What is Tax Avoidance and How it is Not Same as Tax Evasion? 3 min read

• Income Tax

What is Tax Avoidance and How it is Not Same as Tax Evasion?

Diksha Garg 4 years ago

Do you get confused between the terms’ tax evasion and ‘tax avoidance? If yes, you are at the right place to know the difference between... Read More

What are the Causes of Tax Evasion and Ways to Control It? 3 min read

• Income Tax

What are the Causes of Tax Evasion and Ways to Control It?

Diksha Garg 4 years ago

Tax evasion is unlawful action where an individual willingly tries to escape paying the true amount of tax imposed on him. Intentionally not paying taxes... Read More

How to Request for an Income Tax Refund Reissue? 2 min read

• Income Tax

How to Request for an Income Tax Refund Reissue?

Diksha Garg 4 years ago

Most of the people claim for refunds in the IT department. Usually, the refunds can be acknowledged when the TDS subtracted and the entire tax... Read More

Income Tax for NRI – Deductions and Exemptions for NRIs 3 min read

• Income Tax

Income Tax for NRI – Deductions and Exemptions for NRIs

Diksha Garg 4 years ago

Taxes collected from the residential individuals by any authority serve as a backbone for that country’s economy. Similarly, in India, the government solely depends upon... Read More

New Form 26AS to Show Specified Financial Transactions (SFT) in Part E 2 min read

• Income Tax

New Form 26AS to Show Specified Financial Transactions (SFT) in Part E

Diksha Garg 4 years ago

To make voluntary compliance and tax accountability easy and to facilitate the e-filing of the tax returns, it is stated that any information received by... Read More

Details of Faceless Assessment and the Problem of Tax Arrears Disclosed 3 min read

• Income Tax

Details of Faceless Assessment and the Problem of Tax Arrears Disclosed

Diksha Garg 4 years ago

The proposal of the introduction of faceless appeals against the tax evaluation cases has to lead to a lot of commotion. There is an apprehension... Read More