Income Tax

As per Section 271C of the Income Tax Act 1961, states that the “Penalty for failure to deduct tax at […]

When a taxpayer passes away, their legal heir or representative is responsible for filing their ITR as the income earned

What is Agricultural Income? The term “Agricultural Income” is defined in three parts under IT Act u/s 2(1A)(a), 2(1A)(b), 2(1A)(c)

New Tax Regime was introduced in the Finance Act 2020 and effective from FY 2020-21. Section 115BAC offers a simplified

Section 194Q, introduced via the Finance Act 2021 and effective from 1st July 2021, mandates Tax Deducted at Source on

Section 194B of the Income Tax Act requires tax deducted at source (TDS) on earnings from lotteries, crossword puzzles, and

Section 44AD of Income Tax Act aims to give relief to small taxpayers having business income such as taxpayers engaged

Easy Loan Approvable The income stability of the borrower is critical for the lender. For which borrowers must submit an

Short-Term Capital Gain are the profits which arises when you sell a capital asset (such as stocks, mutual funds, or

The commencement of the income tax return filing season for the Assessment Year (AY) 2025-26 is approaching, with the process

Section 194LA of the Income Tax Act 1961 is a provision that deals with the deduction of Tax Deducted at

In India, home loans provide substantial tax advantages as outlined in the Income Tax Act of 1961. These incentives aim