Income Tax

Ashish M. Shaji

10 Sep, 2022

Usually, the due date to file income tax return (ITR) for a financial year is 31st July of the succeeding Financial Year. However, due to the COVID-19 pand...

Ashish M. Shaji

22 Jun, 2021

Recently the Income Tax Department launched a new E-filing portal. After it was found, the income tax department asked all taxpayers to register their DSC...

Ashish M. Shaji

13 Sep, 2022

Every payment covered under the TDS provisions should be made after a deduction of tax. Every payer is bound by the provisions of TDS to deduct taxes at th...

Ashish M. Shaji

13 Sep, 2022

There are different sections under the Income Tax Act which puts a limitation on the usage of cash. Some sections create the disallowance of the expense, a...

Ashish M. Shaji

10 Sep, 2022

There could be a possibility that you may miss entering some information while filing Income Tax Return, or on some occasions, there could be an error. In...

Ashish M. Shaji

11 Jun, 2021

Like every year, this year also, there have been significant amendments that have come up in provisions of Income Tax Act, especially with the enactment of...

Ashish M. Shaji

09 Jun, 2021

An assessee who commits an offence under Income Tax Act 1961 shall be subject to penalty. The penalty shall be an additional amount levied and is different...

Ashish M. Shaji

22 Jun, 2023

Individuals are required to pay self assessment tax for income from other sources. No specification for the payment date is specified. This tax can be paid...