Income Tax

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Income Tax Taxation

A complete guide on gift tax in India – How are gifts...

Complete Guide on Gift Tax

In India, gifts are often exchanged between close knitted families and known acquaintances which acts as a symbol of socializing and showing affection. The...

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Income Tax Taxation

Sеction 45 of the Income Tax Act, 1961

Sеction 45 of the Income Tax Act, 1961

Sеction 45 of the Income Tax Act, 1961 primarily dеals with thе taxation of capital gains arising from thе transfеr of capital assеts. A capital ass�...

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Income Tax Startup

Alimony of Divorce and its Tax implications

Tax-implications-on-Alimony-of-Divorce

Marriage is considered the coalescence of two souls. This intimate union of two people comes to us from the hand of God. Apart from the true love and compa...

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Income Tax Taxation

Minimum Alternate Tax (MAT) – A Complete Overview...

Minimum-Alternate-Tax

What is Minimum Alternate Tax (MAT)? Minimum Alternate Tax (MAT) is a provision introduced in indirect tax laws to limit various tax concessions and other...

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Income Tax Taxation

Consequences of Late ITR Filing

Late-ITR-Filing-Consequences

The government gives 4 months to its citizens to file their Income Tax Returns every Assessment Year. ITR filing is an easy and online process, so the time...

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Income Tax Taxation

What is the Tax Residency Certificate & How to get...

What is the Tax Residency Certificate & How to get it?

A Tax Residency Certificate is an official declaration of a non-resident's ability to file taxes in their home nation, provided by those authorities. It ma...

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Income Tax Taxation

IT Department acknowledges an error in charging late IT...

Error in charging late ITR filing

The Income Tax Department admits an inadvertent error in processing ITR filing of partners of firms. If a late ITR filing fee has been charged by error, th...

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Income Tax Taxation

TDS Return Revision in case of PAN Error Notice from De...

Revision-of-TDS-return

Introduction- At the time of submitting the TDS return a very common error that occurs is that the PAN of the applicant entered wrongly, which as a result...

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