Income Tax

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Income Tax

Extend the Time Limit of Filing Income Tax Returns (ITR...

Income Tax Returns

The return of filing for the income earned in F.Y. 2023-2024, i.e., for the income earned between 1st April 2023 and 31st March 2024. The assessment year i...

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Income Tax

Centralised Processing of Equalisation Levy Statement S...

Equalisation Levy Statement

The CBDT has notified ‘the Centralised Processing of Equalisation Levy Statement Scheme, 2023’  vide  Notification No. 03/2023-Income Tax dated  07....

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Income Tax

Change of Opinion don’t Give Jurisdiction for Reopeni...

Reopening of Assessment

The Hon'ble Bombay High Court pronounced a judgement on 20th February 2023 in the case titled Survival Technologies Pvt. Ltd. v.DCIT   wherein th...

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Income Tax

Section 44AB of Income Tax Act: Tax Audit Criteria and...

Section 44AB

As per the dictionary meaning 'Audit' means to check, review or inspect. It is an official process conducted by organizations. An audit is conducted under...

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Income Tax

Deductions available while computation of Income

computation of Income

Tax plays an integral role in a country's economy as it accounts for a major portion of income earned by the government which it uses for the welfare of th...

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Income Tax

Section 54 of Income Tax Act – Capital Gains Exemptio...

Capital Gains

Any profit a person makes through the sale of the property is normally taxable under Indian Taxation Laws. It is known as Capital gains. However, under sec...

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Income Tax

Attachment of Property under Income Tax Laws

Property under Income Tax Laws

Provisional attachment of property in India is given in Section 281 of the Income Tax Act, 1961. It specifically deals with everything related to the attac...

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Income Tax

Why hire Income Tax Audit services for the Company?...

Income Tax Audit

Many rules and regulations exist in the country relating to Income Tax Audits. Generally, a tax Audit is the process of verification and inspection of the...

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