In this article, I will discuss a Tax planning strategy for High net worth Individuals (HNI) to save their taxes
Section 10AA of the Income Tax Act, 1961, provides deductions for enterprises operating in Special Economic Zones (SEZs) in India. This section aims to promote exports and attract foreign investment by offering tax concessions to businesses located in SEZs.
The Income-tax Officer is not only an adjudicator but also an investigator. He cannot remain passive in the face of a return which is apparently in order but calls for further inquiry.
There are many taxpayers who gain financially by receiving Gifts on various occasions and Diwali is one of them. There is no Tax Exemption for Gift received from third person if value of Gift exceeds Rs. 50,000.
18 November 2023 at 07:40
This article delves into the intricacies of belated returns, outlining their limitations, consequences, and the step-by-step process of filing online under Section 139(4).
Does the Income Tax Law debar a charitable institution from getting registered until it is registered under another Law?
"There are two sides to every coin" is an analogy that can be applied to almost every area of life. One scenario where this is certainly true is the taxes applied to money earned through gambling.
16 November 2023 at 14:36
Section 139(5) of the Income-tax Act, 1961, allows taxpayers to file revised income tax returns if they have made a mistake while filing their ITR.
In a landmark judgment on November 9, 2023, the High Court of Madras delivered a significant ruling in the case of All India Gaming Federation versus the State ..
In this article, let me unravel the complexities surrounding anonymous donations, exploring their definitions, exemptions, and controversies that have arisen over the years.
Live class on PF & ESI Enrollment & Returns Filing(with recording)
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