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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...
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...
The Finance Minister in Budget 2021 introduced a special provision of TDS in the Income Tax Act 1961. A new section has been inserted, which shall be appli...
Have you ever thought about how much gold/gold ornaments can a person hold legally? It may have come across your mind at some stage of your life. In this a...
The Income Tax department is set to launch a new ITR filing portal on June 7, 2021. This new e-filing portal is expected to be more user friendly. It cou...
Cash transactions are highly discouraged in India due to the amount of tax evasion that takes place. The government introduces various new provisions in th...
Various income tax forms are issued under the Income Tax Act 1961. Likewise, Form 16 is issued according to Section 203 of the Income Tax Act 1961. In this...
The method of paying income tax has been simplified over the years. However, there has been confusion among the taxpayers on how to pay the income taxes.&n...
The Securities and Exchange Board of India (SEBI) issued a circular on May 2, 2025, simplifying...
Experiencing the loss of a loved one is one of the deepest emotional hardships a person can fac...
On January 16, 2025, the Reserve Bank of India (RBI) released the list of Non-Banking Financial...
Over the decades, the Oil and Natural Gas Corporation (ONGC) has been a key pillar in the portf...
The Reserve Bank of India, on April 11, 2025, posted a Press Release No. 2025-2026/96 on their...
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