Income tax Return

Disallowance Section 40(a)(ii) of Domestic & Foreign Taxes

Disallowance Section 40(a)(ii) of Indian / Domestic Taxes:  What is Section 40(a)(ii) & its Disallowance? The provision you're referring to,… Read More

1 year ago

Apply Condonation delay in ITR filing for claim refund / C/F losse

CBDT Guideline: Apply for condonation delay in filing ITRs for claims refunds or C/F losses New guidelines issued by the… Read More

1 year ago

Whether digital gift cards are Virtual Digital Assets ?

Whether digital gift cards are Virtual Digital Assets ? Meaning of Virtual Digital Asset : Definition of VDA: Section 2(47A)… Read More

1 year ago

Change in interpretation of Section 87A Post- July 5th 2024

The Section 87A Story : The Section 87A Mystery The changes in the interpretation of Section 87A, particularly regarding the… Read More

1 year ago

Why is Income Tax Dept On ITR Processing Slow This Year?

Why is Income Tax Dept On ITR Processing Slow This Year? Overall 25% Less ITRs have been processed so far.… Read More

2 years ago

Penalties for late or belated ITR filing for AY 2024-25

What is the Income tax Penalties for late or belated ITR filing for AY 2024-25? Taxpayer may please note there… Read More

2 years ago

High volume of ITR Filings on the deadline day FY 2023-24

High volume of Income Tax Return  filings on the deadline day FY 2023-24 High volume of Income Tax Return  filings… Read More

2 years ago

If you fail to file ITR before 31 July, Can face Consequence

If you fail to file ITR before 31 July, can result in consequences FY 2023-24 Missing the ITR filing deadline… Read More

2 years ago

Overview on Income Tax Scrutiny u/s 143(2) Notices

Overview on Income tax scrutiny under section 143(2) Notices When the Income Tax Department finds discrepancies, whether minor or major,… Read More

2 years ago

Mandatory ITR Filing regardless the Level of Income

Why you should file ITR even if your income is less than INR 2.5 Lakhs ? While it may not… Read More

2 years ago
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