Imagine India without income tax. Discover the potential economic impacts, from increased spending to rising indirect taxes. Is it feasible?
The CBDT has further extended due dates for Income Tax Returns (ITR) and audit reports for AY 2021-22. Find the new deadlines here.
Understand your right to cross-examine witnesses in income tax search and seizure cases. Learn how this ensures fairness and due process in tax proceedings.
Understand the scope of Section 154 of the Income Tax Act for rectifying mistakes apparent from records. Learn what qualifies for rectification and its limitations.
Understand the Finance Act 2020 amendments to Indian residential status. Learn about new residency rules, day counts, and deemed residency for tax purposes.
Missed the ITR deadline? Discover how to file a belated return after the due date and understand the consequences, including late fees and interest.
Understand your tax liability as a non-resident. Learn how Double Taxation Avoidance Agreements (DTAA) can offer relief and prevail over the Income Tax Act.
Understand tax implications when transferring property for less than its stamp duty value. Learn about Sections 43CA, 50C & 56(2)(x) of the Income Tax Act.
Understand CIT's powers under Section 264 of the IT Act 1961. Learn about revision orders, their scope, and limitations for assessees.
Discover the process of forming a registered gratuity trust in the UK. Learn the steps to ensure compliance and tax benefits for your business.