Direct Tax

Is penalty Sec 271A & 271B levied simultaneously for same AY

Whether penalties u/s 271A & 271B can be levied simultaneously for same AY On 24 August 2023, the Raipur Bench… Read More

1 year ago

FAQs on ITR Filling Forms- Guide to select correct ITR

FAQs on ITR Filling Forms- Guide to select correct ITR Q.1 What does Form ITR-V and form ITR-Acknowledgement means? Form… Read More

1 year ago

Hurdles with Hindu Undivided Family Dissolution

Hurdles with Hindu Undivided Family Dissolution: The Hindu Undivided Family (HUF) is a recognized legal entity under the Income-tax Act,… Read More

1 year ago

FAQ on 2 tax regimes to choose from: old regime & new regime

Key Differences Between New & Old Tax Regimes (FY 2024–25) Particulars New Tax Regime Old Tax Regime Rebate u/s 87A… Read More

1 year ago

Overview on Disallowance of Expenditure u/s 43B(h)

Overview on Disallowance of Expenditure u/s 43B(h) The Union Budget 2023 introduced measures to encourage timely payments to micro or… Read More

2 years ago

Important Concept under Income tax Act

Important Concept under Income tax Act - Concept of Previous Year & Assessment Year The financial year that ended just before… Read More

2 years ago

Changes introduced in ITR Forms for AY 2024-25

Changes introduced in ITR Forms for AY 2024-25 Why do Income Tax Return Forms have AY’s? ITR forms include an… Read More

2 years ago

Gross Direct Tax collections for FY 2023-24 Upto 10.02.2024

Gross Direct Tax collections for Financial Year 2023-24 upto 10.02.2024  The Finance Ministry has made available the direct tax collecting… Read More

2 years ago

MSME delay payment Provision u/s 43B(h): Deferred Deduction

Legal Provision of Section 43B(h) of the Income Tax law. What is come under the definition of Small Enterprises? Business… Read More

2 years ago

ITR: Can we file Income tax Return without Form16?

ITR: Do you want to file Income tax Return without Form 16? Then you have to know about it According… Read More

2 years ago
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