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The article entails the meaning of Form 3AC, its contents, need to file this form, and the procedure to file. What is Form 3AC? Form 3AC is an audit report...
Section 159 of the Income Tax Act states that an ITR of the deceased can be filed by the legal heir or the executor of the deceased. The article talks......
Section 12 of the Income-tax Act talks about voluntary donations received by a trust for charitable or religious purposes will be income derived from the p...
ITR or Income Tax Return is where taxpayers file information about the income earned & tax applicable to the IT Department. It has notified 7 forms to...
Section 44AA of the Income Tax Act, along with Rule 6F, mandates books of account for income tax. These books of accounts are the official document that es...
As per Income Tax Act, 1961, a person must file TCS return, failing which he will be penalized under sections 234E, 271H of the Income Tax Act, 1961. The p...
ITD and ITSC are different in respect of their functions. ITSC comes under the ITD, but it works independently from ITD. In the article, we will discuss th...
As per Section 43 (5) of the Income Tax Act, Speculative transaction is a transaction where a contract for the purchase or the sale of any commodity, inclu...
Investment in shares of big public sector companies such as Coal India Limited (CIL) provides l...
The Securities and Exchange Board of India (SEBI) issued a circular on May 2, 2025, simplifying...
Experiencing the loss of a loved one is one of the deepest emotional hardships a person can fac...
On January 16, 2025, the Reserve Bank of India (RBI) released the list of Non-Banking Financial...
Over the decades, the Oil and Natural Gas Corporation (ONGC) has been a key pillar in the portf...
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