Taxation

ITR stands for Income Tax Return, and there are various ITR Forms that taxpayers should file. The applicability of ITR forms depends upon the income source...

There have been several taxpayers who have received notices or intimation for non-disclosure of interest on fixed deposits and savings in the income tax re...

Due to the large population of India, there has always been massive demand for real estate. Therefore it is imperative to know the aspects relating to taxa...

Some taxpayers resort to measures of tax evasion to save their outflow to the government. Therefore the government keeps a tab on such practices by deployi...

Did you ever wonder how income tax department gets information regarding your high value transactions? Well, we all know that they are not unaware about su...

As per Section 44 AB of the Income Tax Act, an audit of the books of account and furnishing a report by the assessee before the due date should be...

Form 10BB of the Income Tax Act is filed by the educational institutions or the charitable trusts used for the betterment of society within India. These in...

The Union Budget 2020 presented by the Finance Minister has reduced the threshold limit for TDS to Rs. 20 lakhs for the taxpayers who have not filed the IT...

Professional tax is levied on the income of individuals from salary by employer, practicing profession like CA , CS , Lawyers etc. in this article we will...

Its state government levies tamil Nadu Professional Tax & the Commercial Tax Department of the state is responsible for collecting the professional tax...

In what has come as a massive relief for taxpayers, the government has extended key tax related compliance timelines for income tax as well as Goods and Se...

The professional tax is calculated according to the monthly salary slab of an individual. Such tax is charged by deducting from such person's income on a m...