Income Tax

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Penalty for failure to comply with notice issued under section 142(1) or 143(2) or direction for audit under section 142(2A)

Penalty for failure to comply with notice  under section 142(1) or 143(2) Penalty under section 272A is levied if a…

2 months ago

Income Tax Liability on Monetary gift received by an individual or HUF

Tax treatment of monetary gifts received by an individual or Hindu Undivided Family (HUF) If the following conditions are satisfied…

1 year ago

Amendment of Section 44AD and 44ADA Budget 2023

Amendment of section 44AD Special provision for computing profits and gains of business on presumptive basis. In section 44AD of…

1 year ago

Proposed Changes in Tax Rates-Budget 2023

Proposed Changes in Tax Rates-Budget 2023 In the alternate tax regime under Section 115BAC, a revision to the basic exemption…

1 year ago

HIGHLIGHTS OF THE UNION BUDGET 2022-23-Direct and Indirect Taxes

DIRECT TAXES To take forward the policy of stable and predictable tax regime: Vision to establish a trustworthy tax regime.…

2 years ago

अप्रत्यक्ष कर- केंद्रीय बजट 2022-23 की मुख्य बातें

जीएसटी में असाधारण प्रगति वैश्विक महामारी के बावजूद जीएसटी राजस्व में उछाल है। इस बढ़ोतरी के लिए करदाता सराहना के…

2 years ago

प्रत्यक्ष कर- केंद्रीय बजट 2022-23 की मुख्य बातें

प्रत्यक्ष कर- केंद्रीय बजट 2022-23 की मुख्य बातें स्थिर एवं संभावित कर व्यवस्था संबंधी नीति को आगे बढ़ाया जाएगा : विश्वसनीय…

2 years ago

Important F & Q Related to carry forward and set off of house property and speculative business losses ?

What are the provisions framed under the Income-tax Act in relation to carry forward and set off of house property…

2 years ago

Extended Due Date for Income Tax Filing – and Tax Audit FY 2020-21

Extended Due Date for Income Tax Filing – and Tax Audit FY 2020-21 Category of Taxpayer Extended Due Date for…

3 years ago

Article on Tax Audit – with Tax Audit Applicability Charts

What is tax audit? ​​​​​ The dictionary meaning of the term "audit" is check, review, inspection, etc. There are various…

3 years ago