ITR Refund Scam: Beware and Safeguard Your Wealth
ITR Refund Scam messages have been seen nowadays beware of this scam as fraudsters try to trick people by providing […]
Tax Audit Due Date: Threshold for Businesses and Professions
Tax audit due date for AY 2024-25 is 30th September 2024. What is a tax audit? A tax audit is
Income Tax Notice: Consequences of Ignoring an IT Notice
Income Tax Notice is sent by the Income Tax Department to taxpayers informing about discrepancies or issues related to your
Seventh Proviso to Section 139(1): Mandatory ITR Filing for High Value Transactions
Seventh Proviso to Section 139(1) of the Income Tax Act, 1961, added with effective from 1st April 2020. It mandates
Share Market Taxation: Tax Implications On Gains And Losses
Share market taxation refers to the taxes imposed on the buying and selling of shares. The participants in the share
Cash Transactions: Penalties for Excessive Transactions
Cash Transactions are payments or transfers of amount that can be made using physical cash during a single transaction or
Form 10IEA: Make Right Tax Regime Choice Before Filling ITR
Form 10IEA allows taxpayers to choose between the old and new tax regimes. Starting from AY 2024-25 you are falling
Rebate u/s 87A: Tax Relief for Low Income Earners For FY 23-24
Rebate u/s 87A of the Income Tax Act provides tax relief to taxpayers whose total income does not exceed a
E-Tax Payment: How to Pay Tax online on the Income Tax Portal?
E -Tax Payment allows taxpayers to remit their taxes online by electronically through authorized channels, such as internet banking, mobile
80C Deduction: Benefits and Limitations Available For FY 23-24
Deduction under section 80C of the Income Tax Act 1961, allows taxpayers to reduce their taxable income by making specific