Income Tax

Never Stop Learning

Income Tax

New Form 26AS expanded to include more information

New Form 26AS expanded

Recently the income tax department expanded the scope of information which needs to be reported in the new form 26AS. The CBDT issued an order on 26th Octo...

Read More
Income Tax

All about Income Tax Intimation Notice after ITR Filing...

Income Tax Intimation Notice

Once an individual has verified their tax return, the income tax department starts processing ITR. Once the ITR is processed, the income tax department sen...

Read More
Income Tax

Compliance checks for Sections 206AB and 206CCA – A n...

Compliance checks for Sections 206AB and 206CCA – A new functionality introduced by CBDT

Initially, the Budget 2021 included a provision requiring non-filers of income tax returns for the previous two financial years to pay higher TCS and TDS r...

Read More
Income Tax Taxation

All you need to know about Tax Saver Fixed Deposits...

All you need to know about Tax Saver Fixed Deposits

A person can create a fixed deposit account from a period as low as 1 year to as high as 10 years but do you know that 5 year fixed...

Read More
Income Tax

Analyzing the Impact of Delay in Filing ITRs

Analyzing the Impact of Delay in Filing ITRs

The income tax laws have been framed by the Indian government, which governs the taxes that is liable to be paid by the persons who are individuals, HUFs,...

Read More
Income Tax

Incomes to be reported in your Income Tax Return

Incomes to be reported in your Income Tax Return

The Income Tax Return is a form which must be submitted to the Income Tax Department of India. The return contains the information regarding the income of...

Read More
Income Tax

A Brief on Advance Tax Payment, Liability and its relat...

A Brief on Advance Tax Payment, Liability and its related Rules

Advance tax and TDS are the direct tax rules framed by the government in order to have regular inflow of funds to carry out regular economic activities. Ad...

Read More
Income Tax Taxation

Penalty for Tax Evasion

Penalty for Tax Evasion

In India, evading income taxes is a crime. Tax evasion is punishable by severe fines under Chapter XXII of the Income-tax Act of 1961, and in some circumst...

Read More

Trending Posted

Get Started Live Chat