Process of deduction of TDS on payments to NRI (Non-Resident Indians)
TDS is the first step of payment of income tax to the income tax authorities. Among all the TDS sections only some of them should... 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.
Understanding the Income Tax return form -ITR(1) (Sahaj)
The Income Tax Return Form -ITR(1) is can be used by an individual whose total income includes the followings:- Income from Salary/ Pension; or Income... Read More
Clarifications issued in connection with the Income Declaration Scheme, 2016
The Central Board of Direct Taxes (CBDT), Ministry of Finance, Department of Revenue, Government of India on 18th August, 2016 issues Clarifications relating to the... Read More
What are the criteria for scrutiny under Income Tax for Assessment Year 2014-15
Criteria for scrutiny under Income Tax Every year, CBDT Notifies Criteria for scrutiny under Income Tax which are picked up for scrutiny. Similarly such guidelines have... Read More
Penalties for Tax Evasion in India
5 min read
Introduction to Tax Evasion Tax evasion refers to any attempt to avoid payment of taxes by using illegal means. Some of the common forms of... Read More
Reopening of cases by Assessing Officer for Income Escaping Assessment
As per the provisions of section 147 and section 148 of the Income Tax Act the Assessing Officer can reopen the assessment of earlier years,... Read More
Mistakes while depositing demonetized notes that will lead to scrutiny of Income Tax Return
4 min read
The announcement made by PM Narendra Modi to demonetise Rs 500 and Rs 1,000 notes has led to panic in India. Everyone is rushing towards... Read More
Rectification of Income Tax Return U/s 154 of Income Tax Act
Application for Request for rectification of Income Tax return u/s 154can be filed u/s 154 of the IT Act, by the assessee in case of... Read More
Why you need to Hire a Tax Professional to file your Income Tax returns
If maintaining the books and following the numbers simply isn’t your forte, please appoint some professional to help you file your income tax returns. There... Read More
What could be next step by Modi Government- would it be able to Curb Benami Property Transactions
3 min read
It is a matter of common knowledge that black money hoarders try to convert their ill-gotten funds into gold and real estate by way of... Read More
Employer can forfeit gratuity of an employee in case of moral turpitude 
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