Taxation

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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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Taxation

How to manage Income Tax notices?

Income Tax Notice

It is a routine inquiry for the Income Tax department to send Income tax notice to its taxpayer or assesses. As a taxpayer, it is nothing to worry, if you....

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Taxation

How Does International Taxation Operate?

International Taxation

International Taxation is to tax the person’s income which has been earned or accrued by that individual in the country where he does business and where...

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Taxation

Corporate Tax Exemptions: An Overview

Corporate Tax Exemptions

A tax levied on its net income or profits earned through its business is known as Corporate Tax. The tax which is paid by public and private companies regi...

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Taxation

Income Tax Litigation: A Menace in India

Income Tax Litigation

India has been ranked 63rd from 193 countries in 2020 for ease of doing business. This position has been reduced from 79th to 63rd for India. It reflects t...

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