Articles by Sachin

Secure Your Future: National Savings Certificate (NSC) Benefits, Pension Strategy and Tax Advantages

Sachin 26 August 2024 at 08:32

This guide highlights the benefits of NSC, including tax advantages and a strategy to create a pension-like income, emphasizing its value as a stable, secure investment option.

Surge in Defective ITR Notices: Understanding the Reasons Behind the Increase

Sachin 24 August 2024 at 08:25

In recent times, many taxpayers have reported receiving defective Income Tax Return (ITR) notices from the tax department. This uptick (increase) has raised concerns and questions about why such notices are becoming more common.

The Importance of Annual Customer Balance Confirmations

Sachin 23 August 2024 at 08:44

In the realm of business and finance, maintaining accurate records and ensuring transparency with customers is crucial. One practice that plays a significant role in this is the annual customer balance confirmation.

Income Tax Refunds: Navigating Cyber Fraud and AI-Driven Scams

Sachin 22 August 2024 at 08:28

Here's a comprehensive overview of how these frauds operate, why they are effective, and how you can protect yourself.

The Angel Tax Controversy: A Comprehensive Overview

Sachin 21 August 2024 at 17:17

Angel Tax, introduced in 2012 under Section 56(2)(viib) of the Income Tax Act 1961, was a tax levied on startups receiving investments from angel investors when the amount raised exceeded the fair market value of the shares issued.

ITAT Mumbai Rules Rs 20 Lakh Gift from UAE Brother Exempt from Tax

Sachin 21 August 2024 at 07:12

ITAT Mumbai rules that a Rs 20 lakh gift received from a brother in the UAE is exempt from tax under the Income Tax Act, providing clarity on tax-free gifts from relatives abroad.

The Risks of Early Tax Filing: What You Need to Know

Sachin 20 August 2024 at 08:37

Understand the risks associated with early tax filing.

Calcutta HC Upholds ITAT's Deletion of Income Tax Addition u/s 69 of the Income Tax Act

Sachin 14 August 2024 at 08:42

Upholding ITAT's decision to delete income tax addition under Section 69 of the Income Tax Act (ITA) due to lack of direct evidence.

Can You Access Your Spouse's ITR Statements Under RTI During Divorce Proceedings?

Sachin 13 August 2024 at 08:40

During divorce proceedings, obtaining your spouse’s Income Tax Return (ITR) statements is often crucial for determining financial obligations and fair maintenance.

RBI Action: Cheques to Be Cleared Within Hours - Key Highlights

Sachin 10 August 2024 at 08:30

The Reserve Bank of India (RBI) has announced that cheque clearance will now be completed within a few hours, compared to the current timeframe of two to three days.