Income Tax

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Income Tax

How to save Income Tax through Tax Planning in India?...

How to save Income Tax through Tax Planning in India?

Paying income tax becomes challenging for most people. It could be due to multiple reasons. However, if you want to save on taxes and save yourself from un...

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Income Tax Taxation

Highlights of the Faceless Assessment (1st Amendment) S...

Highlights of the Faceless Assessment Scheme, 2021

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

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Income Tax Taxation

What to Expect from the Budget 2021- Tax Implications?...

What to Expect from the Budget 2021

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...

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Income Tax Taxation

CBDT answers 34 FAQs on Vivad se Vishwas

Vivad se Vishwas Act

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...

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Income Tax Taxation

Faceless Penalty Scheme: Boosting Transparency and Comp...

Faceless Penalty Scheme

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

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Income Tax Taxation

CBDT rejects representations for extension of Income Ta...

Income Tax Return Due date

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...

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Income Tax Taxation

The Concept of Tax Evasion and Tax Avoidance: Definitio...

The Concept of Tax Evasion and Tax Avoidance

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...

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Income Tax Taxation

Tax saving Scheme under section 80C

Tax saving

Tax saving is an integral part of everyone’s life. The tax saving investment can be made to save tax, as there are many deductions are mentioned under se...

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