Guidelines to File Schedule AL (Assets and Liabilities) Declaration in ITR The proliferation of black money poses significant challenges to… Read More
Important Points for Taxation of Share Transaction & Disclosing F&O Income The income from these transactions should be reported under… Read More
Central Board of Direct Taxes Mandates E-Filing of Appendix-II Forms under Income Tax Rules, 1962 The Central Board of Direct… Read More
Whether penalties u/s 271A & 271B can be levied simultaneously for same AY On 24 August 2023, the Raipur Bench… Read More
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
Hurdles with Hindu Undivided Family Dissolution: The Hindu Undivided Family (HUF) is a recognized legal entity under the Income-tax Act,… Read More
Key Differences Between New & Old Tax Regimes (FY 2024–25) Particulars New Tax Regime Old Tax Regime Rebate u/s 87A… Read More
Overview on Disallowance of Expenditure u/s 43B(h) The Union Budget 2023 introduced measures to encourage timely payments to micro or… Read More
Important Concept under Income tax Act - Concept of Previous Year & Assessment Year The financial year that ended just before… Read More
Changes introduced in ITR Forms for AY 2024-25 Why do Income Tax Return Forms have AY’s? ITR forms include an… Read More