Taxation

The Central Board of Direct Taxes recently notified about the Faceless Assessment (1st Amendment) Scheme, 2021. It aims to amend the faceless assessment sc...

With the Covid-19 pandemic raging through 2020 and considering the challenges and hardships caused due to the Covid-19 pandemic on the overall economy, the...

The Central Board of Direct Taxes notified about the clarification on provisions of direct tax Vivad se Vishwas Act of 2020. The board has issued clarifica...

With a view to further digitize the interaction between the taxpayers and income tax authorities, the Indian government recently notified of the faceless p...

The Central Board of Direct Taxes stated that it shall not grant any further extensions for return filing where audit reports need to be filed. This order...

It is a routine inquiry for the Income Tax department to send Income tax notice to its taxpayer or assesses. As a taxpayer, it is nothing to worry, if you....

International Taxation is to tax the person’s income which has been earned or accrued by that individual in the country where he does business and where...

A tax levied on its net income or profits earned through its business is known as Corporate Tax. The tax which is paid by public and private companies regi...

India has been ranked 63rd from 193 countries in 2020 for ease of doing business. This position has been reduced from 79th to 63rd for India. It reflects t...

Transactions of related parties have always been looked at by the Income tax department with embowed view. The Income Tax Act, 1961[1] contains provisions,...

Secretarial Audit is a compliance audit. It is a part of total compliance management in an organization. It is an effective tool when it comes to corporate...

Every individual desires to pay a minimum amount in tax and there is nothing wrong with that as it totally depends on what methods a person is using to red...