Income Tax Appellate Tribunal (ITAT): Brief Overview...
The Income tax appellate tribunal is a quasi judicial authority where an affected party by the orders of the income tax authorities can appeal. An appeal c...
The Income tax appellate tribunal is a quasi judicial authority where an affected party by the orders of the income tax authorities can appeal. An appeal c...
Every individual would have to file tax returns. If the individual has to file tax returns then there would be a deadline for filing the respective tax ret...
The year 2020 has been beneficial for taxpayers as well as companies. The finance and income tax ministry has come up with many amendments which ease the b...
Finance plays a significant role in every business. In many circumstances, the own finances of an individual are not sufficient to fulfill the requirements...
A taxpayer must pay the taxes timely and also filing of the income tax returns assures that the Government has the money for public welfare and public bene...
Section 80TTA of the Income Tax Act provides the privilege to claim deductions on savings accounts deposits that are held in a bank, post office, or co-ope...
The Income Tax Act, 1961 allows deductions from the total gross income, before charging the tax, in case medical expenditure has been made on the treatment...
The current FY 2019-2020 closed on March 31 as usual, and the new financial year 2020-21started from April 1, 2020. The Government on analysing the lockdow...
Deferred Tax Asset or Liability is an integral part of the financial statements. Adjustments made in the year-end in the books of accounts affect the incom...
Whenever the gross annual income exceeds the threshold of basic exemption limit of Rs 2.5 lakh, then that earning individual has to file an ITR (Income Tax...
Income Tax is calculated on the taxpayer's total income earned or received during the financial year. An employee’s tax liability might increase on recei...
The Tax Compliance Calendar for March 2020 is provided by the Income Tax and GST departments well in advance. As the end of the financial year 2019-20 is a...
