Income Tax

Section 87A tax rebate is a significant relief for taxpayers

Section 87A tax rebate is a significant relief for eligible taxpayers. The Income Tax Department's update regarding Section 87A tax… Read More

10 months ago

Deduction for Bad Debts : explanation of Section 36(1)(vii)

  Deduction for Bad Debts : explanation of Section 36(1)(vii) What is a Bad Debt? Bad debt refers to an… Read More

10 months ago

FM is unlikely to introduce New Income Tax Bill Budget 2025

The Finance Ministry is unlikely to introduce New Income Tax Bill during Budget 2025. The Finance Ministry is unlikely to… Read More

10 months ago

Taxpayers warn: Revise ITR to Show FA/Face 10 Lakh Penalty

Taxpayers warns: Revise ITR to Show Foreign Assets or Face 10 Lakh Penalty Income Tax Dept has initiated a Compliance-Cum-Awareness… Read More

11 months ago

Introduction to Section 45(5A) & Joint Development Agreement

Income Tax Department  identify cases where capital gain tax has not been paid by land owners :  The Income Tax… Read More

11 months ago

Overview of Section 50D – Scope, applicability & Importance

Complete Overview Analysis of its scope, applicability, & Importance of Section 50D  Section 50D of the Income Tax Act is… Read More

1 year ago

Concept & Distinction between real income & deemed income

Taxation Concept & distinction between of Real Income vs. Deemed Income: The distinction between real income and deemed income is a… Read More

1 year ago

Navigating Rental Income Taxation for Indian Landlords,

Navigating Complex Taxation of Rental Income for Indian Landlords Rental income can be a significant source of revenue for property… Read More

1 year ago

Annual Information Statement feedback process

Annual Information Statement feedback process The new AIS (Annual Information Statement) feedback process enhances taxpayer services and compliance ease by… Read More

1 year ago

How to delinking your Aadhaar from the wrong PAN

How to delinking your Aadhaar from the wrong PAN.  Taxpayers submit a request to your Jurisdictional Assessing Officer (JAO) for… Read More

1 year ago
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