Income Tax Forms download and which form is best for me
Depending upon your income, you need to use different income tax forms which can be easily downloaded from the official website of Income Tax Department... 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.
Consequences of Non-filing of I.T. Return in Time
If a man escapes a taxable income his income is considered as black money and he is accountable for that. Let us see the Consequences... Read More
“mens rea” an essential factor — We all want to know about “mens rea” an essential factor for levy of penalty or not. The debate... Read More
Does loan transaction between a firm and its partner attract provisions of section 269SS?
2 min read
The question was raised as to whether a loan transaction between a firm and its partner attracts the provision of Section 269SS of the Income... Read More
Foreign asset holders beware!! Income Department sending notices to catch defaulters
By CA Pratik Anand, ACA Foreign Account holders beware; the Income Tax department has started issuing notices to persons having foreign assets about the disclosures... Read More
What if you are caught with tax evasion?
3 min read
Tax Evasion Every year the government makes repeated appeals and reminders to the tax payers through all possible media. Caught with Tax Evasion. There are... Read More
The clause (iii) of the section 17(3)
2 min read
According to clause (iii) of Section 17(3), profits or benefits in lieu of salary” includes: (A) Any amount due to and/or received by any person... Read More
When NRIs need to pay income tax in India?
2 min read
The Income Tax Act has not defined NRI directly. We need to know when NRIs need to pay income tax in India. Section 6 of... Read More
Tax evasion can land you in deep trouble
5 min read
Individuals have the liberty to self assess their income and pay taxes accordingly. However that does not mean that if someone conceals a particular source... Read More
Choosing the best car loan option
2 min read
Car is not only a status symbol, but it is also a necessity, especially in metro cities, where you have to regularly travel to far... Read More
Forfeiture of Gratuity by Employer- What are the Remedies for an employee- Can employer be challenged? 
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